What is Islamic law in Forex trading? - الحج و العمره

What is Islamic law in Forex trading?

October 14, 2018
What is Islamic law in Forex trading?


What is Islamic law in Forex trading?
The foreign exchange market or currency market is a global non-central currency market such as the riyal, the dollar, the euro, the pound, the yen, the dinar, etc. If a person who intends to trade currencies feels that the value of a particular currency will rise, he buys it, and when he feels that the value will go down, he sells it, or buys expensive currencies and sells them after a period of profit.

Currency exchange began in ancient times. People who change money, people who help others to change money, get commission or exchange fees, were in antiquity. Currency and exchange were also an important and sensitive element of the world's ancient trade so that people could buy and sell things like food, scum and raw materials. There was an agent appointed for such trades. The agent performs the transaction and the profit or loss is borne by the owner of the capital.

There are no problems with such transactions in Islamic law, because they have all the necessary conditions for proper transactions, without mentioning the fact that they lack any conditions that may conflict with Islamic law. Therefore, it is permitted according to Shariah.

Islamic authorities agree that currency exchange under certain circumstances is considered permissible, there is some disagreement about the circumstances that make it halal. We will examine the topics one by one after looking at the words of the Prophet peace be upon him, in this subject:

"Gold in gold and silver in silver and land on the mainland and barley barley and dates dates and salty salt, for example, like either hand in hand, if these varieties differ, they sell how you like if hand in hand"

Is there any forex trading? Is Forex Halal or haraam?What is Islamic law in Forex trading?
The foreign exchange market or currency market is a global non-central currency market such as the riyal, the dollar, the euro, the pound, the yen, the dinar, etc. If a person who intends to trade currencies feels that the value of a particular currency will rise, he buys it, and when he feels that the value will go down, he sells it, or buys expensive currencies and sells them after a period of profit.

Currency exchange began in ancient times. People who change money, people who help others to change money, get commission or exchange fees, were in antiquity. Currency and exchange were also an important and sensitive element of the world's ancient trade so that people could buy and sell things like food, scum and raw materials. There was an agent appointed for such trades. The agent performs the transaction and the profit or loss is borne by the owner of the capital.

There are no problems with such transactions in Islamic law, because they have all the necessary conditions for proper transactions, without mentioning the fact that they lack any conditions that may conflict with Islamic law. Therefore, it is permitted according to Shariah.

Islamic authorities agree that currency exchange under certain circumstances is considered permissible, there is some disagreement about the circumstances that make it halal. We will examine the topics one by one after looking at the words of the Prophet peace be upon him, in this subject:

"Gold in gold and silver in silver and land on the mainland and barley barley and dates dates and salty salt, for example, like either hand in hand, if these varieties differ, they sell how you like if hand in hand"

Is there any forex trading? Is Forex Halal or haraam?What is Islamic law in Forex trading?
The foreign exchange market or currency market is a global non-central currency market such as the riyal, the dollar, the euro, the pound, the yen, the dinar, etc. If a person who intends to trade currencies feels that the value of a particular currency will rise, he buys it, and when he feels that the value will go down, he sells it, or buys expensive currencies and sells them after a period of profit.

Currency exchange began in ancient times. People who change money, people who help others to change money, get commission or exchange fees, were in antiquity. Currency and exchange were also an important and sensitive element of the world's ancient trade so that people could buy and sell things like food, scum and raw materials. There was an agent appointed for such trades. The agent performs the transaction and the profit or loss is borne by the owner of the capital.

There are no problems with such transactions in Islamic law, because they have all the necessary conditions for proper transactions, without mentioning the fact that they lack any conditions that may conflict with Islamic law. Therefore, it is permitted according to Shariah.

Islamic authorities agree that currency exchange under certain circumstances is considered permissible, there is some disagreement about the circumstances that make it halal. We will examine the topics one by one after looking at the words of the Prophet peace be upon him, in this subject:

"Gold in gold and silver in silver and land on the mainland and barley barley and dates dates and salty salt, for example, like either hand in hand, if these varieties differ, they sell how you like if hand in hand"

Is there any forex trading? Is Forex Halal or haraam?What is Islamic law in Forex trading?
The foreign exchange market or currency market is a global non-central currency market such as the riyal, the dollar, the euro, the pound, the yen, the dinar, etc. If a person who intends to trade currencies feels that the value of a particular currency will rise, he buys it, and when he feels that the value will go down, he sells it, or buys expensive currencies and sells them after a period of profit.

Currency exchange began in ancient times. People who change money, people who help others to change money, get commission or exchange fees, were in antiquity. Currency and exchange were also an important and sensitive element of the world's ancient trade so that people could buy and sell things like food, scum and raw materials. There was an agent appointed for such trades. The agent performs the transaction and the profit or loss is borne by the owner of the capital.

There are no problems with such transactions in Islamic law, because they have all the necessary conditions for proper transactions, without mentioning the fact that they lack any conditions that may conflict with Islamic law. Therefore, it is permitted according to Shariah.

Islamic authorities agree that currency exchange under certain circumstances is considered permissible, there is some disagreement about the circumstances that make it halal. We will examine the topics one by one after looking at the words of the Prophet peace be upon him, in this subject:

"Gold in gold and silver in silver and land on the mainland and barley barley and dates dates and salty salt, for example, like either hand in hand, if these varieties differ, they sell how you like if hand in hand"

Is there any forex trading? Is Forex Halal or haraam?

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