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Trading In Currencies
What is the Shariah ruling in regard to the bank providing funds to trade in currencies?
The Shariah permits the borrowing of amounts from the bank at no interest for the purpose of trading in currencies if the borrower is free to transact as he sees fit. However, if the deal is conducted as a currency exchange, without either party taking delivery, then it will not be lawful because it amounts to an exchange with a delay. The same will be true if the borrower is loaned an amount without him being able to take possession of it.

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