Question
Is it permissible to deal in foreign currency according to the spread-betting system?
Answer
The 'spread betting' system of dealing in foreign currency is not permissible. It is a haraam system. It comes within the scope of Riba.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 21 No 02
- PDF page
- 4
Appears under Questions and Answers (approximate).