{"id":14736,"date":"2020-05-09T00:20:12","date_gmt":"2020-05-09T00:20:12","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/?p=14736"},"modified":"2020-05-11T22:17:24","modified_gmt":"2020-05-11T22:17:24","slug":"investing-in-a-company-that-buys-and-sells-currencies","status":"publish","type":"post","link":"https:\/\/daruliftabirmingham.co.uk\/home\/investing-in-a-company-that-buys-and-sells-currencies\/","title":{"rendered":"Investing in a Company that Buys and Sells Currencies"},"content":{"rendered":"<p style=\"border-bottom-color: currentColor; border-bottom-style: none; border-bottom-width: 0px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: currentColor; border-left-style: none; border-left-width: 0px; border-right-color: currentColor; border-right-style: none; border-right-width: 0px; border-top-color: currentColor; border-top-style: none; border-top-width: 0px; color: rgb(103, 103, 103); font-family: inherit; font-size: inherit; font-size-adjust: none; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; letter-spacing: normal; line-height: inherit; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: right; text-decoration: none; text-indent: 0px; text-transform: none; vertical-align: baseline; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">\n\t<span style=\"font-family: verdana,geneva,sans-serif;\"><span style=\"font-size: 16px;\"><span style=\"color: rgb(0, 0, 0);\"><span style=\"border-bottom-color: currentColor; border-bottom-style: none; border-bottom-width: 0px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: currentColor; border-left-style: none; border-left-width: 0px; border-right-color: currentColor; border-right-style: none; border-right-width: 0px; border-top-color: currentColor; border-top-style: none; border-top-width: 0px; font-size-adjust: none; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;\"><span style=\"border-bottom-color: currentColor; border-bottom-style: none; border-bottom-width: 0px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: currentColor; border-left-style: none; border-left-width: 0px; border-right-color: currentColor; border-right-style: none; border-right-width: 0px; border-top-color: currentColor; border-top-style: none; border-top-width: 0px; font-size-adjust: none; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;\"><strong style=\"border-bottom-color: currentColor; border-bottom-style: none; border-bottom-width: 0px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: currentColor; border-left-style: none; border-left-width: 0px; border-right-color: currentColor; border-right-style: none; border-right-width: 0px; border-top-color: currentColor; border-top-style: none; border-top-width: 0px; font-family: inherit; font-size: inherit; font-size-adjust: none; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: bold; line-height: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;\">Fatwa ID: 03663<\/strong><\/span><\/span><\/span><\/span><\/span>\n<\/p>\n<p style=\"border-bottom-color: currentColor; border-bottom-style: none; border-bottom-width: 0px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: currentColor; border-left-style: none; border-left-width: 0px; border-right-color: currentColor; border-right-style: none; border-right-width: 0px; border-top-color: currentColor; border-top-style: none; border-top-width: 0px; color: rgb(103, 103, 103); font-family: sans-serif,Arial,Verdana,&amp;quot;trebuchet ms&amp;quot;; font-size: inherit; font-size-adjust: none; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; letter-spacing: normal; line-height: inherit; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; vertical-align: baseline; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">\n\t<span style=\"font-family: verdana,geneva,sans-serif;\"><span style=\"font-size: 16px;\"><span style=\"color: rgb(0, 0, 0);\"><strong><span style=\"border-bottom-color: currentColor; border-bottom-style: none; border-bottom-width: 0px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: currentColor; border-left-style: none; border-left-width: 0px; border-right-color: currentColor; border-right-style: none; border-right-width: 0px; border-top-color: currentColor; border-top-style: none; border-top-width: 0px; font-size-adjust: none; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;\"><span style=\"border-bottom-color: currentColor; border-bottom-style: none; border-bottom-width: 0px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: currentColor; border-left-style: none; border-left-width: 0px; border-right-color: currentColor; border-right-style: none; border-right-width: 0px; border-top-color: currentColor; border-top-style: none; border-top-width: 0px; font-size-adjust: none; font-stretch: inherit; font-style: inherit; font-variant: inherit; line-height: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;\">Answered by: Maulana Muddasser Dhedhy<\/span><\/span><\/strong><\/span><\/span><\/span>\n<\/p>\n<p style=\"border-bottom-color: currentColor; border-bottom-style: none; border-bottom-width: 0px; border-image-outset: 0; border-image-repeat: stretch; border-image-slice: 100%; border-image-source: none; border-image-width: 1; border-left-color: currentColor; border-left-style: none; border-left-width: 0px; border-right-color: currentColor; border-right-style: none; border-right-width: 0px; border-top-color: currentColor; border-top-style: none; border-top-width: 0px; color: rgb(103, 103, 103); font-family: sans-serif,Arial,Verdana,&amp;quot;trebuchet ms&amp;quot;; font-size: inherit; font-size-adjust: none; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 400; letter-spacing: normal; line-height: inherit; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 0px; orphans: 2; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; vertical-align: baseline; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;\">\n\t&nbsp;\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><strong><u>Question<\/u><\/strong><\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><span dir=\"RTL\">\u0627\u0644\u0633\u0644\u0627\u0645 \u0639\u0644\u064a\u0643\u0645 \u0634\u064a\u062e\u0646\u0627<\/span><\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">I have an investment opportunity with a company that buys a certain currency and sells when the price is right.<\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">As you can see in the photo, in the first column it shows which currency is being used and bought, and in the last column, it shows the profit or loss.<\/span><\/span>\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">He is offering to pay 5% every 10 weeks on my investment because of the experience he has had over the years of trading, and he takes anything above 5%. In the case of making less than 5% of my investment, he will pay me it completely. So, for example, if I invest $100,000, he will buy and sell the currency with that money and pay me 5% of my investment which will be $5000 and profit any amount made above that. If the investment profits less than $5000, then I profit whatever is made.<\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><a name=\"_Hlk39846354\"><\/a>&nbsp;<\/span><\/span>\n<\/p>\n<p align=\"center\">\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><strong><span dir=\"RTL\">\u0628\u0633\u0645<\/span><\/strong> <strong><span dir=\"RTL\">\u0627\u0644\u0644\u0647<\/span><\/strong> <strong><span dir=\"RTL\">\u0627\u0644\u0631\u062d\u0645\u0646<\/span><\/strong> <strong><span dir=\"RTL\">\u0627\u0644\u0631\u062d\u064a\u0645<\/span><\/strong><\/span><\/span>\n<\/p>\n<p align=\"center\">\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><strong><u>In the Name of Allah, The Most Gracious, The Most-Merciful<\/u><\/strong><\/span><\/span>\n<\/p>\n<p>\n\t<br \/>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><u><strong>Answer:<\/strong><\/u><\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Trading in currencies of different countries in light of the scenario given in the question is permissible<a href=\"#_ftn1\" name=\"_ftnref1\" title=\"\"><sup><sup>[1]<\/sup><\/sup><\/a> with the following conditions:<\/span><\/span>\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<ol>\n<li>\n\t\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">At least one of the parties involved in the transaction must take possession of its desired currency at the time of the transaction. Departing with neither of the parties taking possession of a currency is not permissible.<a href=\"#_ftn2\" name=\"_ftnref2\" title=\"\"><sup><sup>[2]<\/sup><\/sup><\/a><\/span><\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">The rate at which the two currencies are being exchanged should match the exchange rates stipulated by the government as the market exchange rate.<a href=\"#_ftn3\" name=\"_ftnref3\" title=\"\"><sup><sup>[3]<\/sup><\/sup><\/a><\/span><\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">The profit share must not be fixed, rather it should be agreed that a particular percentage of the profits will be the client&rsquo;s share. For example, it is not permissible to state $5000 will be given to the client but rather 15% of the profit will be for them.<\/span><\/span>\n\t<\/li>\n<\/ol>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><a name=\"_Hlk39845704\">Only Allah knows best<\/a><\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Written by Maulana Muddasser Dhedhy<\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Checked and approved by Mufti Mohammed Tosir Miah<\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Darul Ifta Birmingham<\/span><\/span>\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<div>\n\t&nbsp;<\/p>\n<p>\n\t\t&nbsp;\n\t<\/p>\n<hr align=\"left\" size=\"1\" width=\"33%\" \/>\n<div id=\"ftn1\">\n<p dir=\"RTL\">\n\t\t\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><a href=\"#_ftnref1\" name=\"_ftn1\" title=\"\"><sup><span dir=\"LTR\"><sup>[1]<\/sup><\/span><\/sup><\/a> \u0641\u062a\u0628\u064a\u0646 \u0623\u0646 \u0639\u0645\u0644\u0627\u062a \u0627\u0644\u062f\u0648\u0644 \u0627\u0644\u0645\u062e\u062a\u0644\u0641\u0629 \u0623\u062c\u0646\u0627\u0633 \u0645\u062e\u062a\u0644\u0641\u0629\u060c \u0648\u0644\u0630\u0644\u0643 \u062a\u062e\u062a\u0644\u0641 \u0623\u0633\u0645\u0627\u0624\u0647\u0627 \u0648\u0645\u0648\u0627\u0632\u064a\u0646\u0647\u0627 \u0648\u0648\u062d\u062f\u0627\u062a\u0647\u0627 \u0627\u0644\u0645\u0646\u0634\u0639\u0628\u0629 \u0645\u0646\u0647\u0627. \u0648\u0644\u0645\u0627 \u0643\u0627\u0646\u062a \u0639\u0645\u0644\u0627\u062a \u0627\u0644\u062f\u0648\u0644 \u0623\u062c\u0646\u0627\u0633\u0627 \u0645\u062e\u062a\u0644\u0641\u0629 \u062c\u0627\u0632 \u0628\u064a\u0639\u0647\u0627 \u0628\u0627\u0644\u062a\u0641\u0627\u0636\u0644 \u0628\u0627\u0644\u0625\u062c\u0645\u0627\u0639 (\u0628\u062d\u0648\u062b \u0641\u064a \u0642\u0636\u0627\u064a\u0627 \u0641\u0642\u0647\u064a\u0629 \u0645\u0639\u0627\u0635\u0631\u0629 \u062c 1 \u0635 166. \u0645\u0643\u062a\u0628\u0629 \u062f\u0627\u0631 \u0627\u0644\u0639\u0644\u0648\u0645 \u0643\u0631\u0627\u062a\u0634\u064a)<\/span><\/span>\n\t\t<\/p>\n<p>\n\t\t\t&nbsp;\n\t\t<\/p>\n<p>\n\t\t\t&nbsp;\n\t\t<\/p>\n<\/p><\/div>\n<div id=\"ftn2\">\n<p dir=\"RTL\">\n\t\t\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><a href=\"#_ftnref2\" name=\"_ftn2\" title=\"\"><sup><span dir=\"LTR\"><sup>[2]<\/sup><\/span><\/sup><\/a> \u062b\u0645 \u0625\u0646 \u0647\u0630\u0647 \u0627\u0644\u0623\u0648\u0631\u0627\u0642 \u0627\u0644\u0646\u0642\u062f\u064a\u0629\u060c \u0648\u0625\u0646 \u0643\u0627\u0646 \u0644\u0627 \u064a\u062c\u0648\u0632 \u0641\u064a\u0647\u0627 \u0627\u0644\u062a\u0641\u0627\u0636\u0644\u060c \u0648\u0644\u0643\u0646 \u0628\u064a\u0639\u0647\u0627 \u0644\u064a\u0633 \u0628\u0635\u0631\u0641\u060c \u0641\u0644\u0627 \u064a\u0634\u062a\u0631\u0637 \u0641\u064a\u0647 \u0627\u0644\u062a\u0642\u0627\u0628\u0636 \u0641\u064a \u0645\u062c\u0644\u0633 \u0627\u0644\u0639\u0642\u062f\u060c \u0646\u0639\u0645 \u064a\u0634\u062a\u0631\u0637 \u0642\u0628\u0636 \u0623\u062d\u062f \u0627\u0644\u0628\u062f\u0644\u064a\u0646 \u0639\u0646\u062f \u0627\u0644\u0625\u0645\u0627\u0645 \u0623\u0628\u064a \u062d\u0646\u064a\u0641\u0629 \u0648\u0623\u0635\u062d\u0627\u0628\u0647\u061b \u0644\u0623\u0646 \u0627\u0644\u0641\u0644\u0648\u0633 \u0639\u0646\u062f\u0647\u0645 \u0644\u0627 \u062a\u062a\u0639\u064a\u0646 \u0628\u0627\u0644\u062a\u0639\u064a\u064a\u0646\u060c \u0641\u0644\u0648 \u0627\u0641\u062a\u0631\u0642\u0627 \u062f\u0648\u0646 \u0623\u0646 \u064a\u0642\u0628\u0636 \u0623\u062d\u062f \u0627\u0644\u0628\u062f\u0644\u064a\u0646\u060c \u0644\u0632\u0645 \u0627\u0644\u0627\u0641\u062a\u0631\u0627\u0642 \u0639\u0646 \u062f\u064a\u0646 \u0628\u062f\u064a\u0646 (\u0628\u062d\u0648\u062b \u0641\u064a \u0642\u0636\u0627\u064a\u0627 \u0641\u0642\u0647\u064a\u0629 \u0645\u0639\u0627\u0635\u0631\u0629 \u062c 1 \u0635 167. \u0645\u0643\u062a\u0628\u0629 \u062f\u0627\u0631 \u0627\u0644\u0639\u0644\u0648\u0645 \u0643\u0631\u0627\u062a\u0634\u064a).<\/span><\/span>\n\t\t<\/p>\n<p>\n\t\t\t&nbsp;\n\t\t<\/p>\n<p>\n\t\t\t&nbsp;\n\t\t<\/p>\n<\/p><\/div>\n<div id=\"ftn3\">\n<p dir=\"RTL\">\n\t\t\t<span style=\"font-size:14px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><a href=\"#_ftnref3\" name=\"_ftn3\" title=\"\"><sup><span dir=\"LTR\"><sup>[3]<\/sup><\/span><\/sup><\/a> \u062b\u0645 \u0625\u0646 \u0623\u0633\u0639\u0627\u0631 \u0647\u0630\u0647 \u0627\u0644\u0639\u0645\u0644\u0627\u062a \u0628\u0627\u0644\u0646\u0633\u0628\u0629 \u0625\u0644\u0649 \u0627\u0644\u0639\u0645\u0644\u0627\u062a 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\u0639\u0644\u064a\u0643\u0645 \u0634\u064a\u062e\u0646\u0627 I have an investment opportunity with a company that buys a certain&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[761,322,644,321],"_links":{"self":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/14736"}],"collection":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=14736"}],"version-history":[{"count":3,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/14736\/revisions"}],"predecessor-version":[{"id":14746,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/14736\/revisions\/14746"}],"wp:attachment":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=14736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=14736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=14736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}