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Is forex halal islam q&a
Council in Jeddah. This does not happen in Forex trade. 4-Dealing in options and futures. One condition is that at least one of the two currencies being traded in has to be taken possession of in a physical sense.
The Islamic Fiqh Council of the Muslim World League, in its.
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It would seem to be permissible only so long as it the exchange is hand to hand. Praise be to Allaah. A forex hkd to php trader could argue that a strong technical trend is easier to establish and is also likely to have an underlying (if invisible) fundamental reason behind it - than a classical fundamental economic outlook which might be disputed by professional economists! This includes all aspects of buying, selling and exchanging currencies at current or determined prices. 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.
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