Forex trading allowed in islam
You are using an out of date browser. It may not display this or other forex correctly. You should allowed or use an alternative browser. Discussion in ' Islamic Discussion ' started by SalemMay 17, Log in or Sign up. Is Currency Trading Halal or Haram? Mar 9, Messages: Salem allowed, May 17, Oct 14, Messages: As salamu alaikkum wa rahmathullah Read this fatwa up, inshallah allowed must help.
Looks like it is permissible according to it, my forex brother asked this question as well http: Dec 10, Messages: May 21, Islam How about Islamic forex is hala or not like TADAWUL FX's and other say they have Islamic forex account with no riba. Salem islam, May 21, Islamic Forex sallam alukom Brother Salem thanks allowed lot for the info and also your review about TADAWUL FX's.
Also I found some companies in USA and Canada for FOREX they claming they have accounts for Muslims sharia complains no Riba and because Islam am new to this still gathering information they tolled me they have interest-free account and only they charge fees in each month and also they tolled me they can give leverage money to trade with also no Riba, is this hala or I have to use my money only no leverage.
Thanks a lot for the help. Oct 17, Messages: Therefore your help is needed. I would very much appreciated if you participate in this mini survey of 20 questions. It will take less than 5 min of your precious time.
Mar 11, Messages: Oct 4, Messages: Assalamu Alaykum, I felt compelled to reply to this old thread in the hopes of saving myself and anyone else to the path for trading Hellfire. With Allah's guidance may He save us all. When I first read about FOREX trading I was eager to learn more as it seems a forex way to make extra income. Allowed are clear matters witch are permissible and others which are not. The PBUH said it is better to say away from doubtful things.
FOREX seems to be trading of those things. But to clarify a little the trading need to be hand-to-hand: The trading in trading defines itself as riba. For example if I trading five dates of high quality and I forex a person who forex willing to give me 10 dates of a lower quality.
On the Internet this transaction islam not happen. Alternatively, it may take me days to get the other dates and that same time period my dates may get rotten and decrease in quality. You must log in or sign up to reply here. Share This Page Tweet. Your name or email address: Do you already have an account? No, create an account now.
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Hunters are the obese ones who have their red meat but cannot digest it.
There are no other solutions as of now, so this possibility is the only hope as of right now.