FatwaPenangZakat
FATWA MENGENAI HUKUM PEMBAYARAN ZAKAT BAGI PERDAGANGAN PERTUKARAN MATA WANG ASING (FOREX)
What is the ruling on individual spot Forex trading and how is zakat calculated on it?
Short answer
The Penang State Fatwa Committee ruled that individual spot Forex trading through present-day electronic media is haram because it conflicts with Shariah requirements.
A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.
- Authority
- Penang State Mufti Department
- Date
- Status
- Gazetted
- Series
- Keputusan Fatwa Negeri Pulau Pinang (e-Fatwa)
- Topic
- Zakat
Gazette evidence in the source: No Warta: 37
Tarikh Warta: 02-Jan-2025
Summary
The Penang State Fatwa Committee ruled that individual spot Forex trading through present-day electronic media is haram because it conflicts with Shariah requirements. Zakat is imposed only on the principal capital once the conditions for zakat are met. The decision is in line with the 98th National Fatwa Committee Muzakarah held in February 2012.
Written in our own words from the original fatwa — check the source before acting on it.
Zakat dikenakan ke atas wang pokok sahaja apabila memenuhi syarat-syarat zakat.
Read the full fatwa on the Penang website (new tab)
How to cite
Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.
Penang State Mufti Department. “FATWA MENGENAI HUKUM PEMBAYARAN ZAKAT BAGI PERDAGANGAN PERTUKARAN MATA WANG ASING (FOREX)”, 31 December 2023. http://efatwa.penang.gov.my/fatwa_details.php?fatwaid=1772. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-individual-spot-forex-and-zakat/