What is the ruling on trading in currencies during a currency downturn?
Machine translationRead the Arabic original
The questioner : Buying currency, O Shaykh, right now, because of the state of the Iraqi dinar, meaning it might rise and fall. When the Iraqi dinar fell, people started trading in it. What is the Islamic ruling on this?
The Shaykh : It is not permissible.
The questioner : What is the evidence for that, O professor, that there is a prohibition in this currency? Listen, O Abu al-Abd.
The Shaykh : The evidence is that it is gambling.
The Shaykh : It is not permissible.
The questioner : What is the evidence for that, O professor, that there is a prohibition in this currency? Listen, O Abu al-Abd.
The Shaykh : The evidence is that it is gambling.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.