There is an Arabic PDF going around by a group of young brothers that are telling young Muslims Forex is permissible.
I have read the summary (khulasa) but wanted to post it here to @Mufti_Faraz_Adam for his opinion.
I also have the full Arabic PDF.
Could you please help us?
Would greatly appreciate your input too
Wa alaykum salaam,
None of the conditions mentioned in the Fatwa are met in forex practically. Therefore, forex trading is not Shariah compliant.
Allah knows best
I really appreciate the response.
A lot of youth are blind following this one Ustadh who said he’ll be releasing his fatwa into Forex, whom I feel does not comprehend how Forex works.
I’ll link it in here for your response as soon as its up.
Your response has a great affect @Mufti_Faraz_Adam, it will help a lot of youth to see what’s clear and stay out of clear haram/ambiguity.