Forex money to charity

Since a month now, I began working in Forex Trading, and after investigation and research, it became clear that most Fatawa deprive usury out of suspicion, with the knowledge that I have found fatwas also permitted it but they’re few, where I decided after long thinking to leave this forex until it becomes clear.

My question is : Can I work in this Forex and use the profits ONLY to charitable causes, such as building hospitals, schools, help poor people, the homeless, refugees…my intention is not to gain hassanat because I know allah is pure and accepts only the pure, I just want to work in this business to help Muslims with all profits I get.

A deep desire from my heart to help the Muslims, I don’t want and won’t take anything from that money for me nor to my family. Is the use of these funds in the faces of the above-goodness haram, increase the sins of the doer.
JazakAllah

 

 

 

Answer

Assalaamu alaykum

Forex Trading clearly involves Riba.

It is not permissible to enter into Riba based transactions with the intention of benefitting the needy or supporting charity. A noble objective does not justify the act.

You should look for an alternative form of employment, even if in the process you will not be able to engage in optional charity.

And Allah Ta'ala knows best

Was salaam

Emraan Vawda