Working in interest related companies organizations : Islamic forex broker

Fatawa Question

Dr Monzer It is Haram or Halal to be a broker ? a bridge between the seller and the buyer and take commission ? Ex. I have a contact for wheat in Canada and I have seller in Egypt... When the seller in Egypt transfer me a letter of credit or the money on my company. I transfer this letter of credit or money from my company to the supplier in Canada... I change the price to take a profit Question : In my account banking they put me 0.16$ interest on the money that I have with them... I called them to take out this interest... They told me they will transfer my account to another account no interest... The question is what I am supposed to do with 0.16 interest that I have in the account... ? Thank you

Fatwa

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Publication Date

2011-11-06

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-731263

American Psychological Association (APA)

Qahf, Mundhir. 2011-11-06. Working in interest related companies organizations : Islamic forex broker. .
https://search.emarefa.net/detail/BIM-731263

Modern Language Association (MLA)

Qahf, Mundhir. Working in interest related companies organizations : Islamic forex broker. 2011-11-06.
https://search.emarefa.net/detail/BIM-731263

American Medical Association (AMA)

Qahf, Mundhir. 2011-11-06. Working in interest related companies organizations : Islamic forex broker.
https://search.emarefa.net/detail/BIM-731263