FatwaFederal TerritoriesTransactions & Finance
IRSYAD FATWA SIRI KE-675: HUKUM TRADING FOREX UNTUK TUJUAN BERSEDEKAH
Is it permissible to trade forex online with the intention of giving the proceeds as charity?
Short answer
Trading forex for the purpose of giving charity is haram. Individual spot forex through electronic platforms was declared haram by the 98th Muzakarah of the National Fatwa Committee.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Federal Territories Mufti Office
- Date
- Status
- Opinion (irsyad)
- Series
- Irsyad al-Hukum (Umum)
- Topic
- Transactions & Finance
No evidence of gazettement in the source — this is not a gazetted fatwa.
Summary
Trading forex for the purpose of giving charity is haram. Individual spot forex through electronic platforms was declared haram by the 98th Muzakarah of the National Fatwa Committee. The principle allowing a prohibited act applies only in urgent situations with no other option, whereas giving charity does not reach the level of necessity and lawful means remain, such as share investment, crowdfunding, waqf and charity collection boxes.
Written in our own words from the original fatwa — check the source before acting on it.
Hukum menjalankan trading forex untuk tujuan bersedekah adalah haram.
Read the full fatwa on the Federal Territories website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Federal Territories Mufti Office. “IRSYAD FATWA SIRI KE-675: HUKUM TRADING FOREX UNTUK TUJUAN BERSEDEKAH”, 14 March 2022. https://muftiwp.gov.my/ms/artikel/irsyad-hukum/umum/5160-irsyad-fatwa-siri-ke-675-hukum-trading-forex-untuk-tujuan-bersedekah. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/is-forex-trading-for-charity-permissible/