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Thread: Is forex trading Halal in Islam?

  1. #251
    Member shamim686 is an unknown quantity at this point shamim686's Avatar
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    Yes, forex trading is halal in Islamic you can do the work properly you can earn many money from there. If you want to take swap you can take it or if you don’t want to take swap you cannot take swap. If your religion is Islam you cannot take swap. So you can trade in swap free account and then work there and it will be halal.

  2. Forexmart
  3. #252
    Senior Member animasaha is an unknown quantity at this point animasaha's Avatar
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    I'v recently been doing Forex - currency trading as my sole job, it involves no interest you buy and sell different currencies in the market and you make tons of money from the difference. but my dad said it is haram. so is Forex halal or Haram?

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    Member aymena is an unknown quantity at this point aymena's Avatar
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    Hello
    yes i think so forex is ...halal and now almost evry broker has islamic accounts
    thanks for posting

  5. #254
    Senior Member h2seeb is an unknown quantity at this point h2seeb's Avatar
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    forex is allowed in Islam in this you are not paying any kind of interest and this market has equal chance of profit and losses so it is halal business

  6. #255
    Banned sarwina90 is an unknown quantity at this point sarwina90's Avatar
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    some rules say that forex is a legitimate and lawful business in Islam, but if you do not believe that forex is a business that halal in Islam then you do not need to be a trader.

  7. #256
    Senior Member buntysaha is an unknown quantity at this point buntysaha's Avatar
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    I don't know about Islamic Forex but I do know about Tadawul, there are Big rooms for trading in Saudi Sections on Paltalk where everyone of them take the same trade looool, also whats the difference between Islamic Forex and Regular Forex? The regular Forex doesn't have riba, we have to only cover the cost of the spread which is the fee to trade, I haven't come across any riba. The ruling from www.islam-qa.com says its Halal if it doesn't involve riba and Forex doesn't involve any sort of riba to begin with.

  8. #257
    Senior Member endra is an unknown quantity at this point endra's Avatar
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    I am conjointly confused as a result of I even have conjointly browse completely different fatwas on the web and in some forex is halal and in few others it's haram. I conjointly need to verify it from a reliable mufti of my very own fiqah otherwise it'll stay uncertain to me,,.
    but i think forex is haram if you trade with a gambler,,

  9. #258
    Senior Member SeoHyun is an unknown quantity at this point SeoHyun's Avatar
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    Quote Originally Posted by endra View Post
    I am conjointly confused as a result of I even have conjointly browse completely different fatwas on the web and in some forex is halal and in few others it's haram. I conjointly need to verify it from a reliable mufti of my very own fiqah otherwise it'll stay uncertain to me,,.
    but i think forex is haram if you trade with a gambler,,
    Forex trading is halal in Islam as long as we use free swap option, and instaforex give us free swap menu. I think you must use it so you will be avoid from swap. And one more thing, this is the most important to make forex trading halal in Islam, dont you ever use gambling methods in this bussiness.

  10. #259
    Senior Member atjashim is an unknown quantity at this point atjashim's Avatar
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    If we start exchange no cost consideration one primary situation of halal is loaded. But somebody say that it is betting because of requirement of rumours. Some individuals may say it not halal for Islam. But I like to say that every company has to take a position so I think it may be halal. Though discovered men of Islam can say perfectly.

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  12. #260
    Banned Nazmul is an unknown quantity at this point Nazmul's Avatar
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    I think that the forex trading is allowed (halal) in Islam because when you open a forex trading account then you select swap or no swap so if you are a Muslim you must be select no swap.

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