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Forex islamqa

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possess, and selling what one does not possess is forbidden in shareeah. This is a kind of haraam riba. 4-Dealing in options and futures. A resolution of the Islamic Fiqh Council in Jeddah. This was stated in a resolution of the Islamic Fiqh Council in Jeddah,. is Forex Currency Trading halal? With regard to the fees for delaying the deal and trading in margins, a statement has been issued by the Islamic Fiqh Council concerning this, which says the following: Praise be to Allaah alone and blessings and peace be upon the one after whom there. And if you do not do it, then take a notice of war from Allaah and His Messenger but if you repent, you shall have your capital sums. Fourthly: This transaction involves economic harm to the parties involved, especially the customer (investor and to the economy of the society in general, because it is based on borrowing to excess and taking risks.

Based on your research, I can clearly see that you think the stock market is very difficult for muslims, and you're right, it is! Hence it comes under the heading of consuming peoples wealth unlawfully, in addition to diverting wealth in society from real, fruitful economic activity to this type of risk that has no economic advantage, and it may lead to severe economic turmoil that will cause great. This is in addition to the fact that the currencies are originally a medium of exchange forex trading for a living uk and should only be exchanged for personal use in different countries. Forex Currency Trading, by Mufti Muhammad Taqi Usmani, posted: 11 Zul QaDah 1424, 22 November 2007. For example, they have scholars who monitor the funds and make sure they are halaal. May Allaah send blessings and peace upon our Prophet Muhammad and all his family and companions.

And Allaah knows best). 60, in its sixth session. And Allaah is the Source of strength.