FOREX FROM THE POINT OF VIEW OF ISLAM

Gaining of halal (something that is legal and allowed in Islam) money after making transactions is very important for Muslims. From this point of view our main trouble with forex was interest rule. Is it possible to gain halal money with makin profit by exchanging currency via foreign or local banks?

In Islamic law exchange of money with money, or selling it is called sarf akti. You can call this exchange transaction or selling of money. Doesn’t matter, this transaction is allowed by Islam as it is paid in cash. You can buy or sell money in whatever price you want. You can do it as currency trade in your country, also among countries. It is enough to make payments in cash. Hz. Peygamber (sav), said for money trade and other things: “you can make trade with different kind of thing, if you make payment by cash"

(kaynak) http://www.farukbeser.com
Official web site of Presidency of Religious Affairs, question-answer section

Note: There are brokers who don’t apply nightly interest. In the case of separate interest, you can give this difference to the people who are in necessity and protect yourself from haram by this way.