Working in interest related companies organizations : working in financial consultation in foreign exchange market

Fatawa Question

Salams Dear Dr. Monzer, pls. Reply this question that we got in our Ask the Scholar page : Assalamu alaykum Thanks for giving me this opportunity to clear my mind on this doubt I have a question regarding my earnings from my current job. I have been working in this job for about one year and 10 months. It deals with providing consulting financial services for traders and clients in the foreign exchange market. The company also provides a platform to make trades in spot currencies, gold, silver etc. I would like to know if receiving income from this company is considered Halal or Haram. I do not engage in any form of trades in this business. I only work and receive a salary providing customer support through email and chat to traders and deal with entering new account data in a website for clients wishing to trades. I know that engaging in trades that have leverages and margin involved is Haram and since the trades are made online there is no exchange to regulate it. SO please tell me if the salary or income I am gaining is considered as Halal or Haram. JazakaAllahu for your help. I am also planning In Sha Allah to go to hajj . So I am in doubt as to whether the money I am using is considered as Halal or Haram. I used to work at a non-Haram business before and have some earnings from that other job sufficient to pay for hajj. Should I use this other earnings please ? Yours,

Fatwa

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Publication Date

2008-11-04

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-731187

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