islamic ruling on currency trading

and trader, which would qualify under the definition of two different parties, and therefore halal. It is a globally decentralized market where businesses, investors, banks, governments and traders come to exchange currencies. It is generally accepted that buying stocks is not haram.

islamic ruling on currency trading

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islamic ruling on currency trading

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It says in Majmoo Fataawa Ibn Baaz (19/171-174 Dealing in currency, buying and selling, is permissible, but that is subject to the condition that the exchange be hand-to-hand if the currencies are different. And Allaah is the source of strength. For example, work from home jobs stay at home mon when you are dealing with the same kind of currency (e.g. On top of that, because each contract must have a winner and loser, this is arguably not halal. However, with forex brokers, they are lending you the money for the sole purpose of taking a commission.

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