Trading currencies in the forex market
Machine translationRead the Arabic original
The questioner:
Abu Muhammad from Abha, please go ahead, Abu Muhammad. Peace be upon you and Allah's mercy. And upon you be peace.
The Shaykh:
peace.
The questioner:
I have a question, Shaykh, may Allah prolong your life.
The presenter:
Please proceed.
The questioner:
The trading of FX (foreign exchange) in the client market is full of many problematic issues. We are in the trading markets in the Gulf, specifically in Saudi Arabia. The profits are in riyals, and there is no exit for those with little capital. You know that currencies are traded in dollars, of course. So there are many problematic issues regarding what is halal, haram, or doubtful. We are in doubt. We want an answer from you, Shaykh. May Allah reward you.
The presenter:
Thank you, thank you, that is enough, we will suffice with the question.
The Shaykh:
My brother, write your question to His Eminence the Mufti of the Kingdom, and it will be presented to the Committee, and they will answer you, if Allah wills. The answer will come to your address, yes.
Abu Muhammad from Abha, please go ahead, Abu Muhammad. Peace be upon you and Allah's mercy. And upon you be peace.
The Shaykh:
peace.
The questioner:
I have a question, Shaykh, may Allah prolong your life.
The presenter:
Please proceed.
The questioner:
The trading of FX (foreign exchange) in the client market is full of many problematic issues. We are in the trading markets in the Gulf, specifically in Saudi Arabia. The profits are in riyals, and there is no exit for those with little capital. You know that currencies are traded in dollars, of course. So there are many problematic issues regarding what is halal, haram, or doubtful. We are in doubt. We want an answer from you, Shaykh. May Allah reward you.
The presenter:
Thank you, thank you, that is enough, we will suffice with the question.
The Shaykh:
My brother, write your question to His Eminence the Mufti of the Kingdom, and it will be presented to the Committee, and they will answer you, if Allah wills. The answer will come to your address, yes.
Source
قناة «العلامة الدكتور صالح الفوزان»، برنامج (فتاوى) (153) لمعالي الشيخ صالح الفوزان بتاريخ [1438-02-01] - كبار العلماء — youtube.com (22:22)
The Arabic text is a machine transcription of the audio recording.