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Isu halal haram forex

 

Isu halal haram forex

Halal or Haram for Forex Trading Halal or Haram, Muslims choosing to do Forex Trading are constantly thinking about their Religion and what Forex Education Trading industry knowledge. Sep 23,  · The answer is in Surah Al Baqarah, verse Trade is Halal, interest is Haram. Trading forex is a business, it involves trades. It’s therefore Halal unless it involves interest. Instead of buying and selling bananas or furniture I would buy and sell currencies. Forex Trading - Halal or Haram Fatwa. For a long time, retail Forex brokers reflected the market practice of paying or charging to the trader the interest differential between the two components of any currency pair whose position remains open overnight. Eventually, most Forex brokers responded to market forces (and pressure from Islamic traders).



Is Forex Trading Allowed in Islam | Halal or Haram | DailyForex


The question as to whether Forex trading is permissible according to Islamic law is a difficult question to conclusively answer. Although Islamic authorities certainly agree that currency exchange under certain conditions is halal i. If the types are different then sell however you like, so long as it is hand to hand.

Usury is of course completely prohibited in Islam, and is defined very widely. For a long time, retail Forex brokers reflected the market practice of paying or charging to the trader the interest differential between the two components of any currency pair whose position remains open overnight. You might ask how they did so and maintained the profitability of their operations.

This was achieved by charging increased commissions in spot Forex trades, and this practice has become the hallmark of nearly all Islamic Forex brokers. Arguably, this in itself is just Isu halal haram forex camouflaged interest component, and if this view is taken, it makes Forex trading problematic according to Islamic law.

The interest problem also eliminates any possibility of trading Forex forwards, as there is always an interest element involved in these transactions, Isu halal haram forex. Having reduced the issue to one of trading spot Forex and assuming there is no interest element deemed to be involved, we move onto the next issue. So clearly, the Prophet Mohammed peace be upon him had in mind exchanges of different types of commodities that would be made between two parties, recognizing that this was a natural and just aspect of commerce.

In fact, one could extrapolate that it was natural and accepted for a deal to made between two different parties. In modern times, it can be argued that in regards to Forex trading, the deal is made between a Forex broker and a trader, Isu halal haram forex, so this would qualify under such a definition of two different parties, which would be permissible according to Islamic law.

We would seem to be on solid ground here, as when a trade is made with a Forex broker, it takes effect immediately, Isu halal haram forex. Interestingly, this could suggest that all non-market trades i, Isu halal haram forex. They are simply speculating that the value of one with go up and the value of another will go down.

Is such speculation permissible according to Islamic law? This is an extremely difficult question to answer and it Isu halal haram forex be one Isu halal haram forex should be discussed with your own religious leader rather than being decided base on an internet article. We can start by saying that Islam recognizes that nearly all adult human beings strive to improve their financial positions, and that life involves a large element of uncertainty.

In life we are confronted with many choices, the outcome of which is unclear, and we strive to use intelligence and skill in choosing the Isu halal haram forex option that will produce the superior outcome. However, we then must go on to say that gambling is strictly forbidden by Islamic law, even as a form of recreation or entertainment when undertaken with small monies which the gambler might be said to be able to afford to lose.

In measuring these two competing elements, it can be said that it is the method of speculation that makes the difference. One author has examined the subject and stated that speculation on the basis of fundamental analysis is permissible, Isu halal haram forex technical analysis is not, and an interesting reasoning is given: placing trades based on technical analysis is essentially tantamount to betting on the bets of others, and relying upon the behavior of the crowd to influence your speculation is drenched with the essence of gambling, which is Isu halal haram forex by Islamic law.

However, this argument can certainly be criticized as spurious as related to market realities. For example, is a speculator who believes that the U. Dollar will rise against his Euros due to economic fundamentals bound to simply make the trade immediately, and forbidden to take any action to time the trade entry to a psychologically opportune moment?

A stronger argument could be made that a Muslim has Isu halal haram forex business speculating on the currency markets unless he or she has a firm basis upon which to anticipate success. This would mean that trades must involve either some element of fundamental analysis or technical analysis which the trader actually has a firm reason to believe in.

There is no question that currency exchange is permissible in Islam, provided that there is no interest element, that it is made hand to hand though this phrase can be translated in multiple waysand that the exchanger has a valid reason to anticipate a probable profit based upon an analysis that does not rely upon the psychology of gambling. As we have seen, Isu halal haram forex, there are certain grey areas within this qualification that must be investigated deeply in good faith and conscience by anyone wishing to begin halal Forex trading with a Muslim Forex account.

As evidenced in the research presented here, there are certainly many people who believe that in the right circumstances, Islamic Forex trading is permissible. If you are interested in researching more on the issue or considering how each Forex broker implements their Islamic Forex system, we recommend that you evaluate our top Islamic Forex brokers and speak to their teams if you have any questions or concerns about how their practices relate to Islamic law.

A solid and respectable Forex broker will have concrete answers and will make you feel at ease, not uncomfortable. The DailyForex. Is Forex Trading Allowed in Islam? Share 0 Tweet 0 Pin it 0. By: DailyForex. Is Forex halal or haram? What Islam Says on Online Isu halal haram forex Trading Having reduced the issue to one of trading spot Forex and assuming there is no interest element deemed to be involved, we move onto the next issue.

Creating a Muslim Forex Account There is no question that currency exchange is permissible in Islam, provided that there is no interest element, Isu halal haram forex, that it is made hand to hand though this phrase can be translated in multiple waysand that the exchanger has a valid reason to anticipate a probable profit based upon an analysis that does not rely upon the psychology of gambling.

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Hukum Trade Forex, Halal atau Haram ?

 

Isu halal haram forex

 

Mar 21,  · Apa Status Forex Online di Malaysia? Sudah terang lagi bersuluh, tiada satu pun broker-broker online tempatan atau luar negara (terutamanya di Facebook) menawarkan Forex Trading Online yang halal. Boleh baca sedikit keterangan di: (i) The Star Online – Bank Negara Explains Forex Trading Status (ii) Utusan Online – Forex Online Haram. Sep 23,  · The answer is in Surah Al Baqarah, verse Trade is Halal, interest is Haram. Trading forex is a business, it involves trades. It’s therefore Halal unless it involves interest. Instead of buying and selling bananas or furniture I would buy and sell currencies. Halal or Haram for Forex Trading Halal or Haram, Muslims choosing to do Forex Trading are constantly thinking about their Religion and what Forex Education Trading industry knowledge.