Subject : Ruling on Working for and Promoting Foreign Exchange Trading Company

Fatwa Number : 3438

Date : 25-11-2018

Classified : Current Financial Issues

Fatwa Type : Search Fatawaa

Question :

I work for a company that trades in foreign exchange where I design the website, mobile applications, and, sometimes, promotional materials. I have to make sure that these are accessible to users to attract them to open accounts with the company. What is the ruling of Sharia on my work and the salaries that I have already received?

The Answer :

All perfect praise be to Allah The Lord of the Worlds and may His peace and blessings be upon our Prophet Mohammad and upon all his family and companions.

If by Foreign Exchange Trading, you are referring to (Forex|) or (Margin Trading), then they aren`t permissible because they include violations of Sharia.We have already clarified these in Fatwas (697) and (645).

In addition, a Muslim isn`t allowed to help promote and market that which is unlawful.

Therefore, we recommend that you look for a new job. As for the salaries that you have received, it is permissible that you benefit from them, because what is unlawful relates to the work that you have been doing, and not the money itself. And Allah knows best.

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