Forex Bonus Malaysia! Since the dawn of Islam, nearly years ago, people have had the blessing of this religion to make a living in the form of exchanging goods so long as this process did not negate certain rules and conditions set forth by Islam. Furthermore, inasmuch as the currency exchange is done under the same contract at the time it was signed, in other words, a hand to hand exchange, it is allowed to be so, and there is no ruling against it.
Another important issue is that Islamic traders are allowed to engage in trading activities, but there must be no postponement in regards to the exchange between the buyer and the seller, it must be done in one sitting. Forex Brokers that provide this type of trading need to compensate for their services by charging commissions on forex trades.
Forex In Islam
The permissibility of hand to hand exchange, defined by the decree of Islamic law Fatwa and more specifically by the Prophet Muhammad , is also met in the exchange done between the broker and the trader. It's just like charging a shop rent. I just want to know if online forex trading is halal or not.
And I would be more than happy if someone can prove my points wrong.
Is Day Trading Halal?
It is so tough to say buying and selling currencies is Haram! I am sorry to say no it is not Haram. However trading in the same currency is Haram discounting because money by itself does not reproduce.
It needs to be put into production for a value added, hence the justification of profit. Therefore, it should be haram. If it is supported by physical good and commodity then it is halal.
So gold online trading without inventory is haram, because it is a paper trading and not a real one. Sign up to join this community. The best answers are voted up and rise to the top.
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Is Forex Trading Halal or Haram for Muslim Traders? | EasyForexTrading
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