Is forex trading haram?

According to Islamic scholars, the permissibility of forex trading depends on the specific circumstances of the trade. In general, forex trading is halal as long as it is conducted within certain guidelines. These guidelines include: No interest-based transactions.

234.7K

684K views
2024-02-02 22:55:42

Show all Q/A Info

Can muslims do forex trading?
In Islamic law, there is a rule of “riba”, which prohibits the use of specific interest or fees. The Qur'an considers interest unjust for the persons paying the riba. That is why to keep your trading halal, you need to use a Forex account without interest.
2024-02-05 15:57:19

Why is day trading haram?
Standard trading accounts are classified as “haram” since they involve the payment of interest. Leverage allows the online broker to earn a profit. For your Islamic trading account to be halal, you must ensure that it does not involve the payment of swap interest rates or interest linked to leverage.
2024-01-18 00:55:11

Is crypto and forex haram?
Proponents of crypto in the Islamic finance marketplace say crypto is Halal as the currencies serve as a transactional medium of exchange for the purposes of purchasing legitimate goods and services.
2023-02-26 18:38:25

Why forex is haram in islam?
In Islamic law, there is a rule of “riba”, which prohibits the use of specific interest or fees. The Qur'an considers interest unjust for the persons paying the riba. That is why to keep your trading halal, you need to use a Forex account without interest.
2023-01-22 03:02:31

Recommended Next Q/A: