#forex haram

[gloriatq1223]

Halal or Haram: Is Forex Trading Allowed in Islam?

Forex trading has become an increasingly popular investment activity in today's globalized economy, but for Muslim traders, the question arises: Is Forex Trading Halal in Islam? This inquiry is rooted in the Islamic principles of Halal and Haram, which govern permissible and prohibited actions. To determine the religious permissibility of Forex trading, it is essential to examine its practices through the lens of Sharia law, considering factors such as Riba (interest), Gharar (uncertainty), and ethical transparency. By exploring these elements, this guide aims to provide clarity on whether engaging in Forex trading aligns with Islamic values.

Islamic Foundations of Financial Transactions

Islamic financial transactions are guided by Sharia principles, emphasizing fairness, transparency, and ethical conduct. This cluster delves into the foundational concepts such as Halal, Haram, Riba, Gharar, and their application in finance.

1: Sharia Principles Governing Finance

Sharia principles shape financial dealings by promoting ethical practices. Key principles include:

Prohibition of Riba (usury) to avoid exploitation.

Avoidance of Gharar (excessive uncertainty) to ensure fairness.

Encouragement of risk-sharing to create mutual benefit.

Emphasis on justice and transparency in agreements.

These principles aim to foster a financial system rooted in morality and social equity.

2: Understanding Halal and Haram in Transactions

In Islamic finance:

Halal Transactions:

Involve fair trade and mutual consent.

Examples: Partnership-based contracts like Musharakah and Murabaha.

Haram Transactions:

Involve unethical practices like Riba or Gharar.

Examples: Speculative trading or investments in prohibited industries.

3: Key Concepts: Riba and Gharar

Riba and Gharar are central to understanding financial permissibility:

Riba (Usury):

Refers to unjustified gains from loans or interest-based transactions.

Prohibited to avoid exploitation and inequity.

Gharar (Excessive Uncertainty):

Found in speculative and unclear transactions.

Discouraged to maintain transparency and minimize risk.

Permissible ExamplesProfit-sharing modelsTransparent agreements

4: Role of Zakat and Murabaha in Ethical Finance

Islamic finance integrates charity and ethical trading:

Zakat: A wealth tax fostering social welfare by redistributing wealth.

Murabaha: A cost-plus financing model ensuring transparency in trade agreements.

These practices align financial dealings with ethical and religious responsibilities.

Forex Trading Basics and Practices

Forex trading is a global marketplace where currency exchange occurs. To determine its compliance with Islamic values, it’s essential to analyze its mechanisms, practices, and ethical implications under Sharia.

1. What is Forex Trading?

Forex trading involves exchanging currencies to profit from fluctuating exchange rates. Here are its key aspects:

Currency Pairs: Trades occur in pairs, e.g., EUR/USD, representing the Euro against the US Dollar.

Market Accessibility: Open 24/5 globally, allowing diverse participants.

Profitability: Traders aim to capitalize on market volatility and trends.

Significance in Islam: Islamic finance requires transparency and fairness in transactions, making clarity about Forex operations essential.

2. Spot Trading vs. Forward Contracts

Spot trading involves immediate currency exchange, while forward contracts fix exchange rates for future transactions.

Comparison Table of Spot Trading vs. Forward Contracts

Forward contracts may involve uncertainty (Gharar), raising concerns about their permissibility.

3. Leverage and Margin Trading

Leverage amplifies potential profits but increases exposure to loss. Margin trading involves borrowing funds to trade larger amounts.

Leverage: Can introduce Riba if interest applies on borrowed capital.

Margin: Risk of moral hazard and speculative behavior.

Islamic traders must seek platforms offering interest-free accounts to align with Sharia.

4. Hedging and Speculation in Forex

Hedging: Aims to minimize risks, aligning with the principle of financial prudence in Islam.

Speculation: Resembles gambling, a prohibited activity (Haram) due to excessive uncertainty. Sharia-compliant Forex focuses on risk management, avoiding speculative intent.

5. Common Forex Trading Instruments

Understanding these tools aids in identifying their compatibility with Islamic finance:

Contracts for Difference (CFDs): High risk due to speculative nature.

Futures and Options: Require careful review to avoid Riba.

Swaps: Often involve interest, conflicting with Islamic values.

Sharia-compliant platforms exclude or modify such instruments to ensure adherence to Islamic principles.

Ethical and Religious Perspectives

Forex trading raises significant ethical and religious questions for Muslims, focusing on Sharia compliance, risk management, and the avoidance of Haram practices like Riba and Gharar.

1. The Concept of Risk and Uncertainty (Gharar)

Islam prohibits Gharar (excessive uncertainty) in financial transactions. In Forex trading:

Spot trading may align with Islamic finance principles if done transparently.

Forward contracts often involve speculation, bordering on gambling.

Avoidance of volatility is essential to reduce Gharar.

Key considerations:

Fairness in exchange of currency pairs.

Clarity in contract terms to ensure ethical compliance.

Risk mitigation strategies like hedging, which align better with Islamic guidelines.

2. Fairness and Transparency in Financial Transactions

Maintaining fairness and transparency is vital in Islam. Forex trading must adhere to these principles:

Clear contract terms: Buyers and sellers must understand the conditions.

Avoid hidden charges: Transactions involving swap fees are often considered Riba.

Equal opportunity: Ensure no exploitation of one party by another.

3. Islamic Scholars’ Opinions on Forex Trading

Islamic scholars’ verdicts vary on Forex trading, influenced by interpretations of Fiqh and modern finance

4. Avoiding Usury (Riba) in Trading

Riba (interest) is strictly prohibited in Islam. Forex practices often involve:

Swap fees: Interest on positions held overnight.

Leverage trading: Borrowed capital introduces debt with interest.

Islamic Forex accounts: Designed to eliminate Riba by avoiding interest-based transactions.

5. Gambling vs. Investment in Forex

Forex trading can resemble gambling due to speculation, but distinctions exist:

Speculation: Risk-taking for profit; permissible only if controlled.

Gambling: Pure chance without strategy or knowledge.

To ensure compliance: Focus on hedging strategies and avoid high-risk options trading.

6. Moral Hazard in Leveraged Trading

Leveraged trading in Forex raises moral hazards:

Encourages high risk: Often equated with gambling.

Potential for exploitation: Favors institutions over individual traders.

Islamic alternatives: Platforms offering leverage-free or Sharia-compliant contracts mitigate these risks.

Economic and Financial Implications

Understanding the economic and financial implications of Forex trading is crucial to determine its alignment with Islamic principles, as it often involves interest rates, exchange rates, and market volatility.

Impact of Interest Rates and Inflation on Forex

Interest rates and inflation are key drivers in currency valuation, but they present challenges for Sharia compliance. Here’s how:

Interest Rates:

Central banks adjust rates to control currency value.

Islamic finance prohibits Riba (interest), making conventional Forex trading problematic when interest-based speculation occurs.

Inflation:

High inflation devalues a currency, creating arbitrage opportunities.

Hedging strategies might align with Islamic rules if structured without Riba or Gharar.

Solutions:

Employ Sharia-compliant hedging tools to navigate inflation-driven risks.

Exchange Rates and Market Risk

Understanding exchange rate mechanics is crucial as they influence Forex decisions:

Fixed vs. Floating Exchange Rates:

Fixed rates involve government control, while floating rates depend on supply and demand.

Islamic finance prefers systems promoting stability and fairness.

Market Risks:

Fluctuations in exchange rates can involve speculation, often equated to gambling (Haram).

Sharia compliance calls for clear and transparent risk-sharing agreements.

Liquidity and Volatility in Forex Markets

The Forex market's high liquidity and frequent volatility can have diverse implications for traders:

Comparing Liquidity and Volatility

This balance underscores the need for structured, ethical trading practices.

Alternatives to Forex Trading for Muslims

Muslim traders seeking Sharia-compliant options can explore alternatives to Forex trading. These choices align with Islamic finance principles, avoiding Riba, Gharar, and other prohibited elements while supporting ethical investment.

1. Islamic Banking and Finance

Islamic banking provides financial solutions based on Sharia principles. Key features include:

Profit-Sharing Agreements (Mudarabah): Enables partnerships with shared risks and profits.

Murabaha Contracts: Facilitates asset purchases without interest-based financing.

Ijara (Leasing): Offers Sharia-compliant leasing for equipment or property.

These options prioritize fairness, transparency, and ethical investments, ensuring compliance with Islamic values.

2. Murabaha Contracts as Investment Tools

Murabaha contracts allow the purchase of assets with transparent cost structures, avoiding Riba. Here’s how they work:

Asset Selection: The buyer identifies an asset they want to acquire.

Bank Purchase: The Islamic bank purchases the asset on behalf of the buyer.

Resale Agreement: The bank resells the asset to the buyer at an agreed-upon profit margin.

Comparison Table: Conventional Loans vs. Murabaha Contracts

3. Sharia-Compliant Investment Funds

Sharia-compliant investment funds provide halal options for wealth growth. Key highlights include:

Ethical Screening: Investments exclude Haram industries like alcohol, gambling, and usury.

Diversification: Includes Sukuk (Islamic bonds) and equity in halal-compliant companies.

Transparency: Regular audits ensure adherence to Islamic finance principles.

This approach combines financial growth with religious adherence.

4. Islamic Forex Accounts

Islamic Forex accounts allow participation in currency trading while maintaining Sharia compliance. Features include:

No Overnight Swaps: Eliminates Riba by avoiding interest charges.

Transparent Fee Structure: Ensures fairness in transactions.

Compliance Audits: Regular reviews by Sharia boards.

These accounts are tailored for Muslim traders navigating the Forex market.

Legal and Regulatory Framework

Understanding the regulatory framework governing Forex trading is essential for Muslim traders seeking to align their investments with Islamic principles, including compliance with Sharia law and ethical guidelines.

1: Islamic Banking Regulations

Islamic banking regulations form the cornerstone of ensuring Sharia-compliant Forex trading. These guidelines ensure transactions are free from Riba (usury), Gharar (uncertainty), and unethical speculation. Key regulatory aspects include:

Prohibition of Interest (Riba): Financial institutions must structure contracts to avoid interest-based income.

Risk Sharing: Emphasis on equity-based financing, such as partnerships and profit-sharing models.

Transparency Requirements: Ensures clear communication and documentation to reduce ambiguity.

Approved Financial Instruments: Only Sharia-compliant tools like Murabaha and Ijarah are permitted.

2: Global Financial Regulations and Forex

Forex trading operates within a complex global regulatory landscape. Major areas of regulation include:

Anti-Money Laundering (AML): Strict measures to prevent illegal activities.

Investor Protection Laws: Safeguard retail traders from exploitation.

Leverage Restrictions: Limits on margin to control risks in volatile markets.

Licensing Requirements: Ensures brokers are credible and adhere to both Islamic and global standards.

A comparison table highlights key differences:

3: Enforcing Sharia Compliance in Trading Platforms

Ensuring Sharia compliance on Forex platforms is a growing need. Steps include:

Certification by Sharia Boards: Platforms must be reviewed and approved by qualified Islamic scholars.

Dedicated Islamic Accounts: Provide Riba-free trading with no interest charges.

Restricted Financial Tools: Disallow instruments like swaps and speculative derivatives.

Transparent Operations: Ensure all fees and processes are disclosed upfront.

By adopting these measures, trading platforms can cater effectively to Muslim investors.

Conclusion

In conclusion, the question “Is Forex Trading Halal in Islam?” requires careful evaluation through the lens of Islamic jurisprudence. Core principles of Sharia such as avoiding Riba (usury), Gharar (excessive uncertainty), and ensuring fairness and transparency are central to determining whether Forex trading is permissible. While certain aspects of Forex trading, such as spot trading, may be considered Halal, others like leverage or speculative practices often involve prohibited elements.

Muslims seeking to trade Forex should consult with qualified Islamic scholars (Ulama) and leverage tools like Sharia-compliant Forex accounts or explore alternative investments like Murabaha contracts or Islamic investment funds. As global financial markets evolve, the importance of adhering to Islamic ethical considerations remains paramount for Muslim traders who aim to align their financial activities with their faith.

[rainsmediaradio]

Thinking Out of the Box

Thinking Out of the Box

Thinking Out of the Box by Dr Kenny Odugbemi

PBAT administration review, in the words of Dr Akinwunmi Present AFDB, Nigeria had total assets of $6trn being mismanaged by our past and present leader, and also maintained that any Nation using earning of her Natural resources to obtain loan is putting the Nation into jeopardy This administration and their policies has not conform in any way to standard global practice, in the past we do crude swap, free exploitation of our minerals in North with deceit of Boko Haram and other cabal across region have successfully joined, farmer herder clash to forcefully acquire arable land, continuous oil theft in Niger Delta-, and powerful cabal exploiting mineral resources in Southwest all with impunity without any consequences action including impunity of resharing oil by successive Administration how can this Nation prosper surely we need restructuring and resource control PBAT Policy Review PBAT introduced two audacious policies such as removal of fuel subsidies and unification of Forex and Executives order on Tax reforms, these are widely acclaimed as most deserving by global development institutions Nigeria is a failing state as inherited liabilities outweigh assets from the last clueless Administration PBAT reform on cushioning effect has thinking but no deep thought process as it remains repulsive and reactive Secondly, unification of forex has not had any meaningful impact as demand outweighs supply Presently CBN is liquidating backlogs, though try to ensure price stability through Incentivising OMO operation, but speculators had frustrated his effort, as they are heavy hoarding of dollar, with 41% devaluation and debt service using 98% of our revenue and securitizing N30trn ways and means, with total debt standing at N97.7trn, inflation will soar till middle of this year 2024 imposing heavy hardship of hunger and anger with extremely poor purchasing power Nigeria is in comatose and quagmire Challenges In-Security This is now fast becoming dreaded Dragon, we have spent for over 8years N12TRN to sustain our security architecture, in the last Administration PBAT administration appropriated 12% of our budget to security and humongous amount received in supplementary budget if Fy2023,changed NSA and all service Chiefs, provided substantive Minister and Ministers of State, with Director general of State Security services with new Inspector general of police, yet planned killings with advance information goes on unabated across NE,NW and NC , the recent killing of 195 people in Plateau on eve of Christmas,8 people in Taraba,5people in Boko village in Plateau not forget killing of 87people in Birini village spuriously using drone bombs all shows that our intelligence network us poor, lack of chain of command ,and poor handling of security interface is imminent despite budget of Army and also reveal lack of synergy with Air force command that control air space integrity whilst Military control external land integrity, this inaction are becoming prevalent, funny scenario we are quick to donate huge money but failed woefully to avert crisis who is fooling who We are engaged in combat of asymmetric war fare leveraging culture and religion all to deplete land assets through grabbing and continuous mineral exploitation Unification of forex We have not been able to achieve price stability due to shortage in supply of forex and battle with multiple exchange rate Removal of fuel subsidy The administration of palliative and other interventions has not yielded any meaningful result despite N180bn there is still severe hunger and anger, farmers can not farm because of insecurity with terrible roads and high fuel costs. Naira Scarcity We have in excess of liquidity of N3tn that CBN has mopped up to N2,7trn through Incentivising OMO yet there is not enough money in the bank, you can only get N5000 at once ,who is hoarding Naira, yet at parties you can get a new note to spray, Piss is in brisk business now 30% charge in new note,10% on old note Where is EFCC, to monitor Naira distribution flow, suffice to say most bankers own POS, even petrol starts deposit with POS for interest not Banks again Who is fooling who? Attraction of FDI's NBS confirmed till date we have attracted 11% capital formation and 26 states attracted none Yet we have spent billion of dollars to travel to beg and sign contracts, PMB, and GEJ solicited likewise, what are we doing differently since we do not have fundamentals in place, a highly toxic environment, financial wrecklessness and system looters of Treasury, with constant advertised killing which investor will come, when local investor are in moribund, multinational leaving enmasse-we have loss$4.5b investment Agriculture The desire to have food security is a dead in arrival Agriculture budget N362bn Capital expenditure N252bn Recurrent expenditure N110bn Net balance is what will be selected injected to boost Agric production Acquisition of 500,000 hectares is an illusion, such land is mainly in North Niger, Nasarawa, Gombe etc The supply of fertilizer is selective to a few, many peasant farmers in the South don't have the same access as North The supply of 2million metric tones of maize, rice favour and subsequent cultivation favour the Northern part more, but terrorists will not allow farming just like Anchor borrowers gulping N4trn without any results, we are toeing the same channel How can we have food security? Power Transmission grid has collapsed 12times, despite injection of N1.36trn by last clueless administration Discos remain epileptics , without no substantial investment to revamp legacy equipment, promote at will estimated billing by frustrating Digital meter distribution, many are under bankruptcy taken over by their financier, suffice to say with generation capacity of 12,000MGW only 4000MGW is available for distribution, and only Southerners pay for electricity consumption, MDA's and other parastatals are owing N400m PMB signed $2b contract with Siemens, and paid $100m to OEM 1st phase 4000MGW-7000MGW 2nd phase 7000MGW-11,000MGW 3rd phase 11000MGW-25,000MGW All to be concluded Fy2025, upgrade and automation of three tiers Generation Transmission Distribution It is noteworthy to say that generation and distribution have been privatized, with irrevocable contracts with sanctity but renewable My worries Why are we signing a new contract again Refinery upgrades We have spent $1,5bn dollar to reactivate 60year old moribund Port Harcourt refinery now on Mechanical test, i am worried about reliability to generate output soon of 60,000ltrpd,with second part of PH 30,000ltrspd capacity, Kaduna, and Warri coming up, all things being equal We are anticipating a combined supply of 450,000ltrspd on date yet to be announced It is noteworthy to say that with Dangote 650,00/ltrpd and other Modular refineries all producing back to back, PMS will still be sold at international price, World bank suggested a minimum of N750/ltr but i am projecting over N1000/trs due to current 41% devaluation and lack of forex needed to support their operation. Conclusion PBAT as a democratic, entrepreneurs, financial expert had high commitments and hope of turning things around, fundamentally the supporting team are rather not in tune with realities, no practical approach they are all speculators, most of their policies are not backed by deep thought, the bloated structure is majorly cost centre, 50% of political protegee being reward rather have no competence, capacity and character to add any meaningful value PBAT, as a matter of urgency, must create a platform for Recalibration of his cabinets Restructuring is now imminent Repositioning is sacrosanct Results must be transparent with open accountability To Nigerian PBAT did not promise an Eldorado performance Nigerians need a complete paradigm mind culture shift toward governance and the need to show an understanding of the complexities of myriads of the problems and challenges confront us, due to heavily burden cabal who are bent on destabilizing this administration. PBAT administration need to recalibrate his recurrent expenditure frame work to reflect current realities as Executives, Legislatures and Judiciary are living in opulence living on our common patrimony while 133m Nigerian dwell in monumental poverty of no good health, no good road, no sufficient food, epileptics power supply, no job for 43% of youths, Elders are dying easily on minor disease and delay in their pension Final conclusion in words of Dr Akinwunmi our resources are not to be cornered as of today by a few bigot but to be managed by three tiers of government with equity, fairness and justice. Nigeria belongs to all Happy New Year Read the full article

[reyx-baron]

Abstract：Recently, Forex trading has become widely popular across the globe as a potential way to make profitable investments. However, among Muslim investors in Malaysia, a significant question remains: Does Forex trading align with Islamic principles, and is it considered permissible (halal) or prohibited (haram)? This article addresses this question and provides insights into the permissibility of trading with one of Malaysia's well-known brokers, GMI.

[vaklinov]

Is Forex Trading Halal or Haram?

This article covers the fundamentals of Islamic Forex trading and how you can trade forex in a halal way. We will also outline some important factors that Muslims who engage in online forex trading should consider. Continue reading to learn more. It can be difficult to determine whether Forex trading is haram (unlawful) or halal (lawful). Anything that violates the teachings of the Holy Qur’an…

[marzukamartillo]

Keberagamaan dengan dalil : Isu Forex sebagai contoh

Letih kerana banyak kali untuk mengingatkan dan menjelaskan tentang haramnya Forex atau apa kejadah namanya kepada Forexian atas alasan ustaz fulan berpendapat ia adalah boleh, ada ustaz kata ia boleh dan ada ulama kata boleh.

Aku pun setakat ini tidak tahu siapa yang dimaksudkan ulama itu. Entah-entah ustaz selebriti atau tukang jampi atau founder produk itu yang dianggap sebagai ulama. Cuma, kalau betul ia adalah ulama dengan kriteria maksimum sekalipun, ia bukan alasan untuk ikut secara membuta tuli.

Cubalah baca sejenak hujah, dalil dan alasan pihak pengharaman. Ambil masa untuk pertimbang, analisis dan buat hujahan balas secara adil semampunya. Jangan sebab tamak dengan duit menjadikan mata jadi kelabu dan otak menjadi tepu untuk berfikir.

Hujah pengharaman ini meritnya kuat. Di sini, saya bukan mahu membahaskannya.

Mazhab orang awam adalah mazhab muftinya? Soalannya adalah mufti yang mana dia ikuti? Kalau ingin ikut mufti dari segi bahasa pun, iaitu orang yang menyampaikan fatwa sekalipun bukan dilantik secara rasmi oleh kerajaan, ia tetap bukan alasan untuk tidak mengambil masa.

Orang awam tidak perlu kepada dalil? Kenapa dalam bab kewangan, sampai sanggup perah otak, baca artikel sebanyak-banyaknya, tonton video tips dari sifu berjam-jam lamanya, habis ribuan untuk sertai kursus kewangan dan laburkan banyak masa demi meraih untung, namun tiba-tiba soal halal dan haram, ambil sambil lewa dan cukup ikut buta sahaja?

Soal duit sampai sanggup cari seribu dalil supaya tidak rugi, terlabur di tempat yang salah dan pelbagai lagi. Hidup beragama ini kerana ingin duit atau ikhlas demi Allah?

Orang awam tidak tahu dalil? Sekali lagi, kesanggupan untuk dapat duit memotivasikan orang untuk belajar tentang duit, hadiri kursus jutawan walau dari hujung negara sekalipun, sanggup membayar sifu demi tunjuk ajar dan pelbagai lagi. Namun, di mana untuk soal agama pada halal dan haram?

Masalahnya adalah bukan orang awam tidak tahu dalil atau tidak faham dalil, tetapi sengaja tidak mahu tahu dalil, tidak mahu meneliti dalil, tidak mahu belajar, tidak mahu menganalisa, tidak mahu berfikir dan tidak mahu mempertimbangkan demi duit, duit, duit dan duit lagi.

Akhirnya, ikut sahaja kerana ada ustaz fulan berkata, ada ustaz berkata ia adalah boleh atau konon ada ulama membolehkannya. Bab duit sangat kritikal sampai sanggup berlutut untuk menadah ilmu dari sifu entah mana.

Saya tidak peduli kalau ini adalah cara wahabi atau dipanggil ingin melagak mujtahid sekalipun kerana ingin fokus pada hujah dan dalil. Cuma, sangat melelahkan orang yang kemaruk dengan Forex kerana ikut secara membuta pada figura agamawan yang mengatakan ia adalah boleh.

Jangan bagi alasan lagi bahawa kamu orang awam dan cukup hanya bertaklid. Kamu bukan pakcik makcik kampung pesawah pencen yang berusia 3/4 abad.

Kalau dapat sembang sana sini untuk menegakkan apa yang dia percaya dan sanggup berseteru dengan pelbagai pihak demi pendapatnya, itu cukup untuk menunjukkan ada kemampuan untuk faham dalil yang sewajarnya.

Cuma, sama ada ingin asah kemampuan untuk sesuatu yang lebih baik atau sebaliknya, itu adalah pilihan masing-masing. Masing-masing akan bertanggungjawab sendiri atas pilihannya

Kalau ini tidak cukup untuk menekankan bahawa pentingnya keberagamaan dengan mengikuti dalil, fikirlah sendiri kenapa ada kesanggupan besar pada duit supaya tidak terjebak dengan pelaburan yang merugikan?

Tidak hanya dengan isu Forex. Isu-isu yang lain yang relevan juga boleh masuk dalam topik perbincangan di sini.

Allah lebih mengetahui dan kepada Allah jualah segala pertolongan.

[mollah42o]

Fueling Rapid Growth in Pakistan's Financial Landscape

Being regulated in Europe, OctaFX is suitable to drink dealers worldwide with their global branch, including Bengali dealers. There's a good range of original bank deposits in Bangladesh to deposit in your OctaFX account, though BDT deposits will dodge a conversion figure.

The start forex trade from Bangladesh:

Then are the way you should follow to get started in the forex request in Bangladesh.

 1. Start with a solid internet connection.

 2. Pick a estimable broker.

 3. Connect your accounts.

 4. Initiate backing.

 5. Download your trading stoner interface( UI).

 6. Trade and profit.

 7. Review your strategy.

Forex halal in Saudi:

Forex Trading- Halal or Haram Fatwa

Usury is of course fully banned in Islam, and is defined veritably extensively. This implies that any kind of deal or contract which involves an element of interest( riba) isn't admissible according to Islamic law.

Trading is halal:

Halal trading refers to investing and trading in fiscal instruments that align with Islamic training and principles. The term' halal' means' admissible' in Arabic, and halal trading ensures Muslims can share in the request without compromising their faith.

Forex haram in UAE:

The issue of Forex trading and all other ultramodern forms of currency exchange is a extensively batted content among Muslim scholars. Muslim authorities have passed a significant number of fatwas in support or against the act of Forex trading. still, it's generally accepted that Forex trading is halal.

The crypto haram in Islam:

Among the major cryptocurrencies, Bitcoin, Ethereum, and Dogecoin come under the halal order, while Shiba Inu( SHIB) commemorative, nascence, and PancakeSwap( cutlet) are labelled haram. To use CryptoHalal, a stoner must enter the name of the cryptocurrency.

Saudi Arabia trade forex:

Yes, Forex trading in Saudi Arabia is legal. Any individual living in Saudi Arabia can pierce the Forex request and trade currencies online. The Saudi Central Bank, also known as the Saudi Arabian Monetary Authority( SAMA), and the Capital Markets Authority( CMA) regulate capital requests in the area.

Allah say about trading:

Allah prohibits us to earn plutocrat immorally But allows us for trade( that is dealing and copping) should be according to your concurrence so that your plutocrat may be increased.( 14) In another place the H Quran says “ If your dealings in different material or staff aren't in written form, it isn't stray ”.

The forex broker has Islamic account:

FP requests

FPMarkets presents one of the top Forex and CFD brokerage options for Islamic dealers each over the globe.

I do trading from Bangladesh:

Anyone with a valid passport or NID and a bank account can invest any quantum of plutocrat in stocks. All they need is a BO( Beneficiary Owner's) account in a brokerage house. A brokerage house is an organisation that facilitates investing and trading in stock exchanges.

Forex legal in Nepal or not:

Forex trading is legal in Nepal and can represent an occasion to benefit if done rightly and responsibly. Nepalese residers have a wide choice of Forex/ CFD brokers to use but might face account currency issues as deposits in Nepalese Rupees aren't accepted.

www.orfinex.com

[marketinggools]

Is Forex Trading Halal in Islam?

Forex trading is the act of buying and selling different currencies in the foreign exchange market with the goal of making a profit. The question of whether Forex trading is halal or haram (forbidden) in Islam has been a topic of debate among Islamic scholars for years. In this response, we will attempt to provide a brief explanation of the arguments on both sides.

Firstly, it is important to note that Islam prohibits riba, which is the charging or paying of interest. This is based on the belief that money should only be used as a medium of exchange and should not be used to generate profits on its own. In Forex trading, interest is typically charged on positions that are held overnight, which has led some scholars to argue that it is haram.

However, others argue that Forex trading is permissible as long as it is done within certain guidelines. These guidelines include:

No interest-based transactions: All transactions should be interest-free, meaning that no overnight interest should be charged or paid on positions.

No speculation: Forex trading should not involve gambling or speculation. Instead, it should be based on sound economic principles and analysis.

No excessive risk: Forex trading should not involve excessive risk or be used as a means to get rich quick.

No trading for prohibited items: Forex trading should not involve the trading of prohibited items such as alcohol, drugs, or weapons.

No manipulation: Forex trading should not involve any kind of manipulation or deception.

Proponents of Forex trading argue that it meets these guidelines and can be a legitimate way to earn a living, provided that it is done with the right intentions and within the confines of Islamic law.

Opponents of Forex trading argue that it is still a form of gambling and speculation, and that the guidelines outlined above do not adequately address the potential risks and pitfalls of the market. They argue that the currency market is highly volatile and unpredictable, and that it is impossible to eliminate the risk of losses entirely.

In conclusion, the question of whether Forex trading is halal or haram is not a simple one to answer. It is a complex issue that requires careful consideration of the various arguments on both sides. Ultimately, it is up to individual Muslims to decide whether or not they feel comfortable participating in Forex trading, based on their own understanding of Islamic law and their personal financial goals and circumstances.

[lessonislam]

Is Forex Trading Halal or Haram in Islam?

Is Forex Trading Halal or Haram in Islam?

Assalamualaikum, my all brother and sister, today we are talking about Forex Trading Halal?; what is it? What does Islam have to say about this? You know you have some forex brokers who offer these Islamic accounts. What is that all about? Are they truly Islamic and also important? Is this a good investment? Even if it is Islamic, Generally, there are two ways you can trade Forex in terms of…

[supercoolr-blog2]

Forex Trading Halal Or Haram http://dlvr.it/RfpKkJ

[forexstat]

Kenapa FOREX Haram Terima kasih sudah menonton video saya kali ini. Trading Itu Mudah Tidak Sesulit Apa Yang Dibayangkan.Semoga Bermanfaat!   Para trader mau belajar lebih banyak tentang foreign echange (forex) silahkan klik link berikut https://dasarforex.com  keep trading keep profit. salam profit. https://video.forexreview.top/kenapa-forex-haram_6a6ce8a43.html by

[net89-trading]

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APAKAH TRADING FOREX HALAL?

Merujuk pada Fatwa Dewan Syari’ah Nasional MUI nomor 28/DSN-MUI/III/2002 dengan poin ketetapan bahwa transaksi jual beli mata uang pada prinsipnya boleh dengan ketentuan sebagai berikut:

- Tidak untuk spekulasi (untung-untungan)

- Ada kebutuhan transaksi atau untuk berjaga-jaga (simpanan)

- Apabila transaksi dilakukan terhadap mata uang sejenis maka nilainya harus sama dan secara tunai (attaqabudh).

- Apabila berlainan jenis maka harus dilakukan dengan nilai tukar (kurs) yang berlaku pada saat transaksi dilakukan dan secara tunai.

Selanjutnya :

- Transaksi Spot, yaitu transaksi pembelian dan penjualan valuta asing (valas) untuk penyerahan pada saat itu (over the counter) atau penyelesaiannya paling lambat dalam jangka waktu dua hari. Hukumnya adalah boleh, karena dianggap tunai, sedangkan waktu dua hari dianggap sebagai proses penyelesaian yang tidak bisa dihindari dan merupakan transaksi internasional.

- Transaksi forward, swap, dan option hukumnya adalah haram

Transaksi forex oleh robot SMARTX menggunakan transaksi spot dimana semua transaksi diselesaikan pada hari yang sama, jika masih ada transaksi yang terbuka pada pukul 24.00 maka otomatis akan ditutup secara paksa. SMART X juga menggunakan teknik single entry dimana transaksi pertama harus diselesaikan terlebih dahulu (dibayar) sebelum melakukan transaksi berikutnya.

Untuk detail Fatwa Dewan Syari’ah Nasional nomor 28/DSN-MUI/III/2002 tentang Jual Beli Mata Uang (Al-Sharf)

Tertarik dengan bisnis yang aman, sederhana, dan menarik ini ? Daftrkan diri Anda segera melalui :

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[tradinguang]

Penerapan Trading Forex Syariah Di Indonesia

Penerapan Trading Forex Syariah Di Indonesia

Trading forex syariah adalahperdagangan mata uang asing yang menarik banyak trader untuk memilikinya namun bersifat islamiyah. Karena dengan perdagangan ini membuat profit yang menakjubkan, sehingga seluruh kalangan melakukan trading forex. Namun di Islam dilarang untuk melakukan trading forex, dikarenakan ada beberapa faktor yang haram maka dari itu hadirlah trading syariah ini yang dapat…

[robotforexptsmi]

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Informasi & Registrasi Robot Trading NET89 ( Whatsapp 0823-90000-315 )

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Simak Video Youtube berikut : https://www.youtube.com/watch?v=pDsFxjU-FZs

APAKAH TRADING FOREX HALAL?

Merujuk pada Fatwa Dewan Syari’ah Nasional MUI nomor 28/DSN-MUI/III/2002 dengan poin ketetapan bahwa transaksi jual beli mata uang pada prinsipnya boleh dengan ketentuan sebagai berikut:

- Tidak untuk spekulasi (untung-untungan)

- Ada kebutuhan transaksi atau untuk berjaga-jaga (simpanan)

- Apabila transaksi dilakukan terhadap mata uang sejenis maka nilainya harus sama dan secara tunai (attaqabudh).

- Apabila berlainan jenis maka harus dilakukan dengan nilai tukar (kurs) yang berlaku pada saat transaksi dilakukan dan secara tunai.

Selanjutnya :

- Transaksi Spot, yaitu transaksi pembelian dan penjualan valuta asing (valas) untuk penyerahan pada saat itu (over the counter) atau penyelesaiannya paling lambat dalam jangka waktu dua hari. Hukumnya adalah boleh, karena dianggap tunai, sedangkan waktu dua hari dianggap sebagai proses penyelesaian yang tidak bisa dihindari dan merupakan transaksi internasional.

- Transaksi forward, swap, dan option hukumnya adalah haram

Transaksi forex oleh robot SMARTX menggunakan transaksi spot dimana semua transaksi diselesaikan pada hari yang sama, jika masih ada transaksi yang terbuka pada pukul 24.00 maka otomatis akan ditutup secara paksa. SMART X juga menggunakan teknik single entry dimana transaksi pertama harus diselesaikan terlebih dahulu (dibayar) sebelum melakukan transaksi berikutnya.

Untuk detail Fatwa Dewan Syari’ah Nasional nomor 28/DSN-MUI/III/2002 tentang Jual Beli Mata Uang (Al-Sharf)

 Tertarik dengan bisnis yang aman, sederhana, dan menarik ini ? Daftarkan diri Anda segera melalui :

Whatsapp 0823-90000-315 https://wa.me/6282390000315

Informasi lainnya bisa disimak melalui website https://profitmaker89.net/produk/

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WA 0823-9000-0315 Robot Forex Yang Bagus di duren jaya Bekasi Timur Bekasi

[robotforexjakarta]

BISNIS SAMPINGAN! WA 0823-9000-0315 Robot Trading NET89 Robot Forex Yang Gratis di Malabar Bandung

Informasi & Registrasi Robot Trading NET89 ( Whatsapp 0823-90000-315 ) Indikator Profit Konsisten Binomo,Buku Profit Konsisten Dengan Ichimoku Kinko Hyo,Trik Profit Konsisten Di Binomo,Cara Profit Konsisten,Cara Profit Konsisten Di Forex,Profit Konsisten Di Forex,Profit Konsisten Di Saham,Profit Konsisten Forex,Rahasia Profi

Simak Video Youtube berikut : https://www.youtube.com/watch?v=pDsFxjU-FZs

APAKAH TRADING FOREX HALAL?

Merujuk pada Fatwa Dewan Syari’ah Nasional MUI nomor 28/DSN-MUI/III/2002 dengan poin ketetapan bahwa transaksi jual beli mata uang pada prinsipnya boleh dengan ketentuan sebagai berikut:

- Tidak untuk spekulasi (untung-untungan)

- Ada kebutuhan transaksi atau untuk berjaga-jaga (simpanan)

- Apabila transaksi dilakukan terhadap mata uang sejenis maka nilainya harus sama dan secara tunai (attaqabudh).

- Apabila berlainan jenis maka harus dilakukan dengan nilai tukar (kurs) yang berlaku pada saat transaksi dilakukan dan secara tunai.

Selanjutnya :

- Transaksi Spot, yaitu transaksi pembelian dan penjualan valuta asing (valas) untuk penyerahan pada saat itu (over the counter) atau penyelesaiannya paling lambat dalam jangka waktu dua hari. Hukumnya adalah boleh, karena dianggap tunai, sedangkan waktu dua hari dianggap sebagai proses penyelesaian yang tidak bisa dihindari dan merupakan transaksi internasional.

- Transaksi forward, swap, dan option hukumnya adalah haram

Transaksi forex oleh robot SMARTX menggunakan transaksi spot dimana semua transaksi diselesaikan pada hari yang sama, jika masih ada transaksi yang terbuka pada pukul 24.00 maka otomatis akan ditutup secara paksa. SMART X juga menggunakan teknik single entry dimana transaksi pertama harus diselesaikan terlebih dahulu (dibayar) sebelum melakukan transaksi berikutnya.

Untuk detail Fatwa Dewan Syari’ah Nasional nomor 28/DSN-MUI/III/2002 tentang Jual Beli Mata Uang (Al-Sharf)

 Tertarik dengan bisnis yang aman, sederhana, dan menarik ini ? Daftarkan diri Anda segera melalui :

Whatsapp 0823-90000-315 https://wa.me/6282390000315

Informasi lainnya bisa disimak melalui website https://profitmaker89.net/produk/

Kuningan Timur Jakarta Selatan,Menteng Atas Jakarta Selatan,Pasar Manggis Jakarta Selatan,Setiabudi Jakarta Selatan,Tebet Jakarta Selatan,Bukit Duri Jakarta Selatan,Kebon Baru Jakarta Selatan,Manggarai Selatan Jakarta Selatan,Manggarai Jakarta Selatan,Men

Robot Trading Crypto,Robot Trading Net89,Robot Trading Binomo Gratis,Robot Trading Saham,Robot Trading Forex,Robot Trading Autopilot,Robot Trading Autopilot Bukan Penipuan,Robot Trading Autopilot Terbaik,Robot Trading Atg,Robot Trading Android

#IndikatorProfitKonsistenBinomo #BukuProfitKonsistenDenganIchimokuKinkoHyo #TrikProfitKonsistenDiBinomo #CaraProfitKonsisten #CaraProfitKonsistenDiForex #ProfitKonsistenDiForex #ProfitKonsistenDiSaham #ProfitKonsistenForex #RahasiaProfitKonsistenForex #Pr

WA 0823-9000-0315 Robot Forex Yang Bagus di duren jaya Bekasi Timur Bekasi

[jenisrobotforex]

NYAMAN PROFIT! WA 0823-9000-0315 Otomatis Trading Forex NET89 Hasil Trading Forex di Mojowates-rejo Kemlagi

Informasi & Registrasi Robot Trading NET89 ( Whatsapp 0823-90000-315 )

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Simak Video Youtube berikut : https://youtu.be/eaHQWEYy5tM

Curiga Dengan Penghasilan MLM Suami, Kini Malah Punya 5 Akun Supreme. Testimoni Emmy Ans Hallo semua, nama saya Emmy Priatna, basic saya dulu memiliki bisnis dari berbagai macam bidang, bisnis saya yang dulu penghasilannya tidak sebesar di net, awal ketertarikan saya dengan net89 justru saya punya kecurigaan dengan profit di net, awalnya suami saya punya penghasilan yang besar, setelah saya telusuri, ternyata suami mendapat penghasilan tambahan dari bisnis mlm, menurut leader saya bisnis yang baik adalah bisnis yg dijalankan, awalnya saya mempertanyakan karena masih curiga dan setelah saya yakin, akhirnya saya menjalankan agar bisnis ini memberi kebaikan untuk diri sendiri.

Saya memulai bisnis ini dari paket starter yang terkecil, dan terbukti jika focus menjalankan, maka bisnis ini mampu membuat saya kaya, awalnya butuh perjuangan, tapi terbantu dengan dibimbing oleh leader dan mentor yang sangat hebat. Sekian itu yang bisa saya sampaikan.

Saat ini saya punya akun 5 supreme, semua berkat pertolongan Allah & member yang mensupport, suami saya kini juga punya akun banyak padahal awalnya berhutang 27 juta. Banyak orang yang tertolong dari tangan kita, ada kisah janda ditinggal mati dan tertolong dari bisnis ini, sehari sekarang profitnya 5 juta. Banyak yang terbantu dan menghasilkan testimoni luar biasa. Terima kasih kepada Bapak Andreas yang sudah merancang bisnis ini.

Saran saya jangan bertanya tapi kerjakan. Saya yakin semakin lama semakin sejahtera, kini saya punya rumah dan bisa beli mobil. Kembangkan jaringan dan jadilah sukses, sekian terima kasih. Kerja cerdas hasilnya ngegas.

Tertarik dengan bisnis yang aman, sederhana, dan menarik ini ? Daftarkan diri Anda segera melalui :

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Informasi lainnya bisa disimak melalui website https://profitmaker89.net/produk/

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 WA 0823-9000-0315 Manfaat Trading Forex di Sei Kera Hilir I Medan Perjuangan

[jurusprofittrading]

TAMBAHAN PENGHASILAN! WA 0823-9000-0315 Robot Trading Forex NET89 Auto Sultan Net di Sadai Bengkong

Simak Video Youtube berikut :

https://youtu.be/Emzk3SWNFfA

Arsitek Membangun Tower PT.SMI Kini Mantap Menjadi Member. Testimoni Doddy A Tjahjadi Hei Selamat sore semua ya ini saya mau cerita sedikit, perkenalan saya dengan net89, dulu saya arsitek dan ikut pembangunan Gedung net89 tapi belum join. Bisnis ini sangat fantastis akhirnya setelah pembangunan gedung selesai, ternyata saya tertarik dengan PT.SMI karena pembayaran lancar dan uangnya tidak habis-habis.

Saya sangat puas membangun gedung kantor karena pembayarannya cepat dan teamnya solid juga mudah bertemu dengan owner, setelah itu saya sering datang ke pertemuan dan pada akhirnya saya memutuskan untuk join dan di net89 ini sangat kekeluargaan, saya bersyukur ya bisa-bisa dapat dan saya yang bersyukur juga beberapa teman saya yang kita ajak dan juga keluarga juga merasakan berkat yang ada.

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Informasi lainnya bisa disimak melalui website https://profitmaker89.net/produk/

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