There has been a noticeable surge in Muslims seeking clarity on the permissibility of Forex trading. Its growing popularity across diverse investors, including within the Muslim community, can largely be traced to sophisticated marketing that presents Forex as a gateway to effortless wealth. Promotional campaigns frequently depict a world of quick profits and impressive returns, naturally drawing in those eager to explore new financial opportunities.
In this guidance document, Shaykh Dr. Sajid Umar offers a thorough examination of Forex trading through an Islamic lens by delving deeply into key areas of concern; including CFD-based currency fluctuations, the use of leverage, and the structures of futures and options. This publication brings together the insights of the Qur’an, the Sunnah, and the principles of shari’ah with the aim to direct readers toward what is soundest and most beneficial for their financial dealings and investment choices.