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.

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2023-01-22 03:02:31

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Which game is haram in islam?
Muslim scholars tend to place chess, a skill-based game, in a different category from games of chance, such as dice, but frown upon it if it distracts a person from performing the five daily prayers. Placing bets under any circumstances is forbidden.
2024-02-13 14:35:15

Is it haram to hit someone in islam?
Abu Shaqqa refers to the edict of Hanafi scholar al-Jassas (d. 981) who notes that the reprimand should be "A non-violent blow with siwak [a small stick used to clean the teeth] or similar. This means that to hit with any other means is legally Islamically forbidden."
2024-01-07 11:30:47

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

Is gold loan haram in islam?
Sharia (also spelled Shariah) law considers gold a “Ribawi item.” That means Muslims can't trade it for future value, or for speculation. They can, however, use gold as currency and own it as jewellery and the like.
2023-02-18 21:46:16

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