Is it Haram to trade forex?

[Estella A. Etchison]

Is it Haram to trade forex?

 

[Anna J. Phelps]

Is it Haram to trade forex?

As long as the forex trading does not involve interest then the trade is halal. In addition, as traders are operating in a global marketplace with sufficient certainty this means that the element of risk is reduced. There is always considered to be an underlying asset in forex trading.