I buy a currency and hold it for a period, then sell it. Is this permissible?
Machine translationRead the Arabic original
The Shaykh: Yes.
The questioner: Peace be upon you.
The Shaykh: And upon you peace.
The questioner : May I ask a question, if you please?
The Shaykh: Go ahead.
The questioner : Sir, I buy a currency and hold it for a period, then sell it, whether at a profit or a loss. Is this...
The Shaykh : Do not do it.
The questioner: Yes.
The Shaykh : Do not do it.
The questioner : I did not understand you.
The Shaykh : Do not do it.
The questioner : I will not do it.
The Shaykh : Yes.
The questioner : So, is this thing forbidden?
The Shaykh : Yes, this resembles gambling.
The questioner: Yes.
The Shaykh : So, beware of it.
The questioner : So, if I buy any currency, whatever it is...
The Shaykh : It does not require... I understood your question and I understood my answer, if Allah wills.
The questioner : If Allah wills.
The Shaykh : May Allah reward you.
The questioner : May Allah keep you safe.
The questioner: Peace be upon you.
The Shaykh: And upon you peace.
The questioner : May I ask a question, if you please?
The Shaykh: Go ahead.
The questioner : Sir, I buy a currency and hold it for a period, then sell it, whether at a profit or a loss. Is this...
The Shaykh : Do not do it.
The questioner: Yes.
The Shaykh : Do not do it.
The questioner : I did not understand you.
The Shaykh : Do not do it.
The questioner : I will not do it.
The Shaykh : Yes.
The questioner : So, is this thing forbidden?
The Shaykh : Yes, this resembles gambling.
The questioner: Yes.
The Shaykh : So, beware of it.
The questioner : So, if I buy any currency, whatever it is...
The Shaykh : It does not require... I understood your question and I understood my answer, if Allah wills.
The questioner : If Allah wills.
The Shaykh : May Allah reward you.
The questioner : May Allah keep you safe.
Source
www.al-albany.com
The Arabic text is copied verbatim from the original source, without any edits.