Trading in Currency
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The eleventh question of Fatwa No. ( 6337 )
Q11: Is it permissible to trade in currency , such that a man buys dollars, for example, then waits until their price rises, and then sells them to make a profit?
A11 : It is permissible on the condition of mutual possession in the meeting of the contract, whether the type is the same or different, and on the condition of equality if the type is the same. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Q11: Is it permissible to trade in currency , such that a man buys dollars, for example, then waits until their price rises, and then sells them to make a profit?
A11 : It is permissible on the condition of mutual possession in the meeting of the contract, whether the type is the same or different, and on the condition of equality if the type is the same. And success is from Allah, and may Allah send prayers and blessings upon our Prophet Muhammad, his family, and his Companions.
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.