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Thread: Is forex trading Halal in Islam?

  1. #251
    Senior Member aun is an unknown quantity at this point aun's Avatar
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    Swap free accounts are not restricted. So we can do trading because we buy one thing and against it sell the other thing. It is our investment which is used in forex trading we can actually brought the items to us if we want.

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    Senior Member hendarto is an unknown quantity at this point hendarto's Avatar
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    Forex trading is a business no interest option. so forex is legitimate in Islam, as there is a transaction on the object currency. in forex requires analysis and calculations in every transaction, is different in that only depend on luck gambling. for that business can be a good job.

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    Banned sajal is an unknown quantity at this point sajal's Avatar
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    There is no business in the world which is 100% halal according to Islamic law.Bcause all the business is related with huge profit or huge loss, that means 6 or 0 run.So Forex is not an exception.But Forex is better than any other business in the world.Because here a trader can trade without investing money and if money is not lost, then it is not Ha-ram.A trader can also trade without taking interest.

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    Quote Originally Posted by symoon24 View Post
    In my opinion, I agree with you... I think Forex is halal for Islam, because there is no one can gain same profit and in this field profit is variable and in forex we sell and buy currency and Forex is a business so in this way we called Forex is Halal.
    if I look at this trade as we do an investment islam to estimate how prices in the currency swap in international trade so this is a form of investment and are allowed in Islam insvestasi

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    Senior Member singh adnan is an unknown quantity at this point singh adnan's Avatar
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    There is no spesific dalil in Quran or hadith said that forex trading is halal or haram. So, we can ask ulama for his opinion. Unfortunately, many ulama debated in this topic. Some of them say halal and another say haram. So, I think, follow your heart. If you believe that this job is halal, you can continue, but if you believe that forex is haram or you are not sure about it, stop trading. There are many job out there.

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    Senior Member rohankobir is an unknown quantity at this point rohankobir's Avatar
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    hello, trader. as a muslim i want to know the answer that is forex permitted in islam or not ( pls consider all the acc as swap free acc.). i tried to talk with few people but dont get the accurate answer bcz they dont know how forex works and i also cant explain clearly to them. so pls share ur knowledge regarding this issue.

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    Senior Member gandha is an unknown quantity at this point gandha's Avatar
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    Quote Originally Posted by singh adnan View Post
    There is no spesific dalil in Quran or hadith said that forex trading is halal or haram. So, we can ask ulama for his opinion. Unfortunately, many ulama debated in this topic. Some of them say halal and another say haram. So, I think, follow your heart. If you believe that this job is halal, you can continue, but if you believe that forex is haram or you are not sure about it, stop trading. There are many job out there.
    There is no explanation in the book trade tenjang holy Quran, and before I'm sure with this trade I have studied in advance to be sure to do forex trading., and in a legitimate trade in Islam does require a physical evidence, and this is represented by the detail our trading statement

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    Banned amhp is an unknown quantity at this point amhp's Avatar
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    Islam does not allow gambling but allow that's type of business where profit & loss both are involved, Islam also disallow Interest. Forex trading is that's type of business where profit & loss both are related, so it's not conflict with Islam but in forex trading Interest (SWAP) is involved & it's not allowed by Islam. Most of the broker offer Interest (SWAP) free Islamic account. If anyone trade with this types account then it's acceptable (Halal) by Islam.

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    Senior Member deka14 is an unknown quantity at this point deka14's Avatar
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    I am not a expert in about Islamic law .but so far as i am about the matter that according to Islamic law forex trading is halal for us .there is no restriction in forex trading.

    Islamic law applied in the finance sector, based on specific foundations accurate. The main criteria that direct the Islamic finance are:
    - Principle of the absence of Riba or interest.
    - Solidarity principle of the obligation to share profits.
    I advise you before opening a Free swap account, ask advice from an Imam to remove your doubt!

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  12. #260
    Senior Member adnan10076 is an unknown quantity at this point adnan10076's Avatar
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    mery hyal se halal hy, q k es huym fixed earning nhi deti oor na he hum esko gambling ke trha khelty hy...blky esko krny k ley ziada knowledge and tricks yne skill darkar hoti hy oor usi hisab se earning be km and zaida hoti hy...

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