The rule of Sharia in the exchange of foreign currencies

A question was received by the Egyptian Dar al-Iftaa in which the owner said, "What is the legal ruling in a new transaction related to foreign exchange swap? This transaction is known as FOREX.

The Dar pointed in its answer through its official page on the social networking site "Facebook" that after a thorough study and study of this type of dealing see the Egyptian House of Fatwa ban on the treatment of Forex and prevented from participating in it.

The Forex market - the foreign exchange - is one of the largest financial markets in the world in terms of trading with more than $ 4 trillion a day.

It is trading one currency against another, in order to make a profit.

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