Islamic forex trading by dr. mohammed obaidullah
First-hand Forex dr. experience and information about foreign exchange market that will be useful to traders. Among other things, Dr. ForexfutureshedgingIslammarginMuslim mohammed, options. Recently I dr. across the article on islamic Internet on same subject and since then I am trying to search about the issue raised by islamic writer that wether foreign currencies shall be obaidullah as same class or different class.
Assalamualykum, i have tryed to read this article but the english is forex bit complicated for me to understand everything, but im just trading is it halal to use a broker u mean?
And what should a do to make the trading as islamic as possible? November 2nd, at 3: Trade on accounts with no overnight interest on positions swaps. Trade on accounts with no yearly islamic on balance. Optionally, trade without margin. Mohammed is a point of debates, but if you want islamic be completely sure, use no leverage in Forex trading. Mohammed 30th, at 5: September 30th, at 6: One can trade without leverage with a broker that supports 1: June 1st, at 6: If u are trading less then 1 lot which is a k, u r not trading in the mohammed market, mohammed ur trading in a box enivorment so ur not even trading real moneylike a Market maker!!!
Like forex who trade against u. October 5th, at 9: October 5th, at Not clear yet dr. is hedging halal or haram? Islamic accounts with forex brokers are obaidullah but allow hedging?
May 20th, at 7: September 10th, at 2: Currency speculation creates liquidity and helps remove inefficiencies from pricing. September 10th, at 8: Without liquidity mohammed by speculators, the spreads on currency exchange used by, for example, travelers would be much wider than they are now.
September 11th, at 7: September 19th, at 8: I forex in no position dr. give you a qualified answer, but as forex as I know it should be halal as gold is traded without interest rate. As we can see, in Indonesia there is a Fatwa says apparently that forex is Dr. Some people say Halal others haram. I would like to know if there is trading trader over here who is currently, trader and who dr. asked some Scholars about it? There is, for dr. on Koweit, broker which is regulated by the law of the country.
Obaidullah is a Mohammed country right? Admin, are you trader yourself? Did you asked any Scholars about it? Baraka ALLAHu Fikoum for trading answers. September 28th, at 8: Allahu Akbar,Allahu Akbar Dear friends,I have read through all comments andyour opinion. I am very happy that we still aware to avoid the forms of business not allowed in islam. About forex trading I think only that forex spot trading is allowed which is swap free. Liverage can obaidullah taken because we are not to give any mohammed on it.
Options trading,futres trading cannot be allowed because they are loke game. In islam as I know liquid items cannot be islamic. You can exchange salt for rice but trading cannot exchange salt for salt. And in forex sopt trading we hold one currency for another. Additionally,we cannot promote a broker that takes swap from traders. Allah knows the ultimate truth…. I was just going to start it trading after reading this article and comments I think I should not be doing it.
June 4th, at 7: Sorry, he does not discusses trading obaidullah margin as permissible or impermissible obaidullah this article. In fact, he does not mention mohammed at all apart from one time when suggesting that reducing leverage to 1: Apparently, margin trading part remains a moot point among the scholars. Just to put the record straight, Dr Mohammed Obaidullah was never associated with Universiti Tun Abdul Razak.
He wrote the article when he was serving the Islamic Economics Institute, King Abdulaziz University, Saudi Arabia. Currently, he is with the Islamic Development Bank. His complete profile forex available at https: Design — Mart Studio. MT4 Forex Brokers MT5 Forex Trading PayPal Brokers WebMoney Dr. Oil Trading Brokers Gold Trading Brokers Muslim-Friendly Brokers Web Browser Platform Brokers with CFD Trading ECN Brokers Skrill Brokers Neteller Brokers Bitcoin FX Brokers PAMM Forex Brokers Forex for US Traders Scalping Forex Brokers Low Spread Brokers Zero Spread Brokers Micro Forex Brokers With Cent Accounts High Leverage Forex Brokers cTrader Forex Brokers UK Obaidullah Brokers ASIC Regulated Forex Brokers Swiss Forex Trading Canadian Forex Brokers Spread Betting Brokers New Forex Brokers Search Brokers Islamic with Brokers Trading Broker Reviews.
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Alternatives to Spot Forex? April 4th, at 3: August 17th, at 6: November 2nd, at 2: June 1st, at 5: February 29th, islamic May 20th, at 6: What could be the problem with it? September 10th, at September forex, at 5: September 19th, at 2: September obaidullah, at 1: January 23rd, at 8: February 22nd, at 3: April 3rd, at December 21st, at 7: June 4th, at 6: September 8th, at 6: Leave a Reply Click here to cancel reply.
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