Salam Aleikom, Islam has put two rules when exchanging currency, which one of them is that it should be hand to hand transaction. These days people are using internet and mobile applications, this will raise two questions:

1- Are such type of transactions are considered as hand to hand? Where the money is being exchanged in your account and not yet withdrawn and when you do, you'll receive your money based on updated currency rates. Is this Hand to Hand?!

2- Isn't participating in such applications and r=earning or losing in matter of seconds based on flow of market a type of gambling?! Since one doesn't know how prices flows.


I do not have much information about 1. Question, i will reply second.

On gambling, you know that you will either lose or earn a certain amount, depending on nothing real just luck.

On currency trading, there are so many possibilities for change of rate. Thats why you do not know will you lose, earn, or neitger. The thin line is about amounts. Currency rates does not change from 2 to 3 in a moment. It is simply like trading an object which can be more or less valuable. But you know the possibilities and how much will you earn/lose.

To sum it, trading may be within seconds, but it is still trading and you can not know what will happen, mathematically there are infinite possibilities.

But on gambling you either get the money of other gamblers or they take yours. And you know exactly what will happen on each case.

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