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And this is Haram. You just pay transaction fees. But if you start position trading or swing trading, you gonna keep position open for several days. So you will either pay or get paid interest swaps. Some brokers can give their clients islamic accounts. They never charge or pay interest swaps for this kind of accounts, at the cost of increased fixed trasaction fees.

Most of the arguments out there about the permission of Forex in Islam focus only on the resolved conflicts, not the persistent ones. You have just executed a speculative option contract that you expect, for example, EUR to go higher or lower. So in short, you own nothing, you trade the speculation. The leverage is basically a conditional loan, given to you on the bases that you will only be able to use it for trading with the same broker. This is not permissible according to the Hadith:.

Thank you for the A2A. So if i want to answer it,it will be too long to write and maybe more complicated to understand. So i would like to suggest you a link to check out the answer. Ruling on trading in currencies. Need to ask a jurisprudent or faqih. In general trading buying and selling of goods and services is halal and is actually encouraged. Islam generally has a good attitude to business and enterprise. Before I went to Malaysia last time I did a massive research on this topic.

Gambling is haram in Islam and there is a thin line between trading and gambling, we all must admit it. But the good news is that you can avoid being a gambler. If you manage to stay on the positive side of your will, then Forex is Halal in Islam. The above conclusion was made based on real discussion with Islamic Scholars. You can see the complete Islamic Forex research [1] here. Hai guys just a quick question. Some say forex is Halal and some is Haram.

Is is Halal if it is in the same sitting which means you buy or sell the currency on the spot which in forex it means Market Order. So is this Pending Order considered Haram? So, anything that involves speculation or charging or gaining interest is a no no, as in Haram.

You need to choose Islamic broker with no swaps. This page may be out of date. Save your draft before refreshing this page. Submit any pending changes before refreshing this page. Ask New Question Sign In. Quora uses cookies to improve your experience. Is leverage in forex haram? Can all muslim business work forex in market? Is forex halal or haraam? Is trading stocks halal? Is forex trading halal or haraam? I'm a muslim and yes I do trade fx. And I once argued with one of my colleague about it he's an old timer conservative.

Since both of us working abroad, I explained to him that either profit oriented or not, both of us are involved in currency trading.

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