What is the ruling on investing in shares through contemporary apps such as Bitcoin and Forex?

Short answer

Investment in Malaysia's capital market is regulated by the Securities Commission, and its Shariah Advisory Council assesses Shariah compliance by examining a company's business activities.

Negeri SembilanOpinion (irsyad)

A reference, not a fatwa. First sentence of the summary below — read the original fatwa and consult your state authority before acting.

Authority: Negeri Sembilan Mufti Department
Status: Opinion (irsyad)
Series: Soal Jawab Agama
Topic: Transactions & Finance

No evidence of gazettement in the source — this is not a gazetted fatwa.

Summary

Investment in Malaysia's capital market is regulated by the Securities Commission, and its Shariah Advisory Council assesses Shariah compliance by examining a company's business activities. Businesses based on riba, gambling, prohibited goods or services, and elements of gharar such as conventional insurance are wholly forbidden. Currency trading requires exchange and delivery at the same time, while buying on credit is haram. Most Forex run by conventional institutions uses forward value, which is classed as riba nasiah.

Written in our own words from the original fatwa — check the source before acting on it.

Antara syarat perdagangan matawang ialah penukaran (serah dan terima) dalam waktu yang sama, manakala pembelian secara hutang adalah haram.

Excerpt from the original fatwa · Negeri Sembilan

Read the full fatwa on the Negeri Sembilan website (new tab)

How to cite

Cite the original fatwa and its authority. Rujuk Fatwa is only where you found it.

Negeri Sembilan Mufti Department. “Melabur saham di aplikasi kontemporari”, date not stated. https://muftins.gov.my/soaljawab/melabur-saham-di-aplikasi-kontemporari/. Found via Rujuk Fatwa: https://rujukfatwa.com/en/fatwa/ruling-investing-shares-contemporary-apps-forex/