Discussion in ' Islamic Discussion ' started by Salem , May 17, Log in or Sign up. Is Currency Trading Halal or Haram? Mar 9, Messages: Salem , May 17, Oct 14, Messages: As salamu alaikkum wa rahmathullah Read this fatwa up, inshallah it must help. Looks like it is permissible according to it, my older brother asked this question as well http: Dec 10, Messages: May 21, Messages: Salem , May 21, Also I found some companies in USA and Canada for FOREX they claming they have accounts for Muslims sharia complains no Riba and because I am new to this still gathering information they tolled me they have interest-free account and only they charge fees in each month and also they tolled me they can give leverage money to trade with also no Riba, is this hala or I have to use my money only no leverage.
Thanks a lot for the help. Oct 17, Messages: Therefore your help is needed. I would very much appreciated if you participate in this mini survey of 20 questions.
It will take less than 5 min of your precious time. Mar 11, Messages: Oct 4, Messages: Assalamu Alaykum, I felt compelled to reply to this old thread in the hopes of saving myself and anyone else to the path for the Hellfire.
With Allah's guidance may He save us all. There are clear matters witch are permissible and others which are not. The PBUH said it is better to say away from doubtful things.
FOREX seems to be one of those things. But to clarify a little the trading need to be hand-to-hand: The delay in trading defines itself as riba. For example if I had five dates of high quality and I met a person who was willing to give me 10 dates of a lower quality. On the Internet this transaction could not happen. Alternatively, it may take me days to get the other dates and that same time period my dates may get rotten and decrease in quality.
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