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Forex and Islam

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Ruslan H

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Quote from: ariezz on February 10, 2019, 05:13:55 PM
In my opinion there is indeed an Islamic account (no swap account) but as long as the Islamic trader trades the wrong way it will be the same law. The most important thing here is how do we trade whether we have followed the agaama Shari'a correctly or not, the swap issue has been resolved, namely by choosing a swap / Islamic account
It is true even though we have chosen a free swap account, the law is still violated if in our trading only guesses and is actually wrong.
#16 - February 10, 2019, 05:25:38 PM

ariezz

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Quote from: Ruslan H on February 10, 2019, 05:25:38 PM
It is true even though we have chosen a free swap account, the law is still violated if in our trading only guesses and is actually wrong.
That's right, the point is there are only 2 things, first we have to know how to trade in a lawful way and secondly we choose the type of account that is allowed in Islamic sharia, which is a free swap account, simple.
#17 - February 10, 2019, 05:34:48 PM

poer

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Quote from: Noviarini on February 10, 2019, 11:18:05 AM
Many people also believe that Forex is prohibited in Muslim countries. However, this is not entirely true.
Islamic sharia law, namely Islamic law, prohibits giving or receiving flowers of any kind. The reason for this ban is based on the fact that followers of Islam must give only to give and not get something. So, based on that belief, Forex trading is not prohibited but exchange.
Swap is a daily fee or withdrawal of money from a trader's deposit to transfer positions on open trades past midnight.
But in cases like this, there are free swap accounts or Islamic accounts without swaps. All commissions in the form of interest do not exist in Islamic accounts. So sharia law is not violated and Forex can be accessed by everyone.

I agree with this, and what if there are those who disagree and say forex haram ,. it's up to them,
the same as when people say sea urchins are illegitimate. someone said no. because sea urchins are the name of seaweed.;D
#18 - February 10, 2019, 10:43:23 PM

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#19 - Today at 05:49:20 PM

Alfrians

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Quote from: Noviarini on February 10, 2019, 11:18:05 AM
Many people also believe that Forex is prohibited in Muslim countries. However, this is not entirely true.
Islamic sharia law, namely Islamic law, prohibits giving or receiving flowers of any kind. The reason for this ban is based on the fact that followers of Islam must give only to give and not get something. So, based on that belief, Forex trading is not prohibited but exchange.
Swap is a daily fee or withdrawal of money from a trader's deposit to transfer positions on open trades past midnight.
But in cases like this, there are free swap accounts or Islamic accounts without swaps. All commissions in the form of interest do not exist in Islamic accounts. So sharia law is not violated and Forex can be accessed by everyone.
in Islamic forex it is ripple or unclean, it is explained that lending money to the law is haraam, but it depends on our respective opinions on how to use it.
#19 - February 10, 2019, 11:41:08 PM

Agjsltn

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this is still a debate because some say forex is gambling, but in my opinion it is not so because if there is gambling one of the parties is harmed
#20 - February 11, 2019, 01:30:09 AM

Sahal Ma'sum

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I studied Islamic law, and I think, forex is an interesting thing in the discussion, whether it is allowed or not, playing forex in the eyes of Islamic law
#21 - February 11, 2019, 02:57:30 AM

Sahal Ma'sum

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and from my opinion, forex almost resembles gambling, because,. between gambling and forex have something in common, which is the same as speculating,
#22 - February 11, 2019, 02:58:45 AM

rafid

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Quote from: Sahal Ma'sum on February 11, 2019, 02:58:45 AM
and from my opinion, forex almost resembles gambling, because,. between gambling and forex have something in common, which is the same as speculating,
so what the conclusion? I think all businesses have speculation factor, no one can be sure if a bussines can be profitable in future, for example im selling a clothes, but i dont sure about the profits, can i call it as a speculation?
#23 - February 11, 2019, 03:04:56 AM

Jaya hendra

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Quote from: Noviarini on February 10, 2019, 11:18:05 AM
Many people also believe that Forex is prohibited in Muslim countries. However, this is not entirely true.
Islamic sharia law, namely Islamic law, prohibits giving or receiving flowers of any kind. The reason for this ban is based on the fact that followers of Islam must give only to give and not get something. So, based on that belief, Forex trading is not prohibited but exchange.
Swap is a daily fee or withdrawal of money from a trader's deposit to transfer positions on open trades past midnight.
But in cases like this, there are free swap accounts or Islamic accounts without swaps. All commissions in the form of interest do not exist in Islamic accounts. So sharia law is not violated and Forex can be accessed by everyone.

thank you for the explanation bro, from here I understand a little about forex and I will continue this forex business. maybe you can explain the kinds of brokers that are mandatory for Muslims ??
#24 - February 11, 2019, 03:25:50 AM

Sahal Ma'sum

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Quote from: Alim muntolib on February 10, 2019, 12:34:35 PM
really your opinion, between forex and binary at a glance is similar but actually very much different, I strongly agree you say that binary is gambling, and how the transaction is pure gambling.
and gambling is definitely prohibited in Islam
#25 - February 11, 2019, 03:29:06 AM

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#26 - Today at 05:49:20 PM

Sahal Ma'sum

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Quote from: rafid on February 11, 2019, 03:04:56 AM
so what the conclusion? I think all businesses have speculation factor, no one can be sure if a bussines can be profitable in future, for example im selling a clothes, but i dont sure about the profits, can i call it as a speculation?
we cannot equate forex with other types of business, ... very different.
#26 - February 11, 2019, 03:30:38 AM

rafid

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Quote from: Sahal Ma'sum on February 11, 2019, 03:30:38 AM
we cannot equate forex with other types of business, ... very different.
so what the difference? please explain here bro. one of my lecture said forex is a gambling also, but im still confusing with this opinion
#27 - February 11, 2019, 03:34:38 AM

Alim muntolib

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Quote from: rafid on February 11, 2019, 03:34:38 AM
so what the difference? please explain here bro. one of my lecture said forex is a gambling also, but im still confusing with this opinion
the difference in forex business with forex gambling is very clear, if we trade forex without first we do a price analysis first before we enter the name forex business.
#28 - February 11, 2019, 03:43:13 AM

rafid

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Quote from: Alim muntolib on February 11, 2019, 03:43:13 AM
the difference in forex business with forex gambling is very clear, if we trade forex without first we do a price analysis first before we enter the name forex business.
im asking about the difference between forex and real bussines bro, not forex with gambling
#29 - February 11, 2019, 03:44:45 AM

Alim muntolib

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Quote from: rafid on February 11, 2019, 03:44:45 AM
im asking about the difference between forex and real bussines bro, not forex with gambling
This is how bro, if the business is real, the more we often do buying and selling activities. So we will profit more profitably, but in forex, we often enter the market. The chances of loss are greater, if you don't believe, try to practice it for just one year. .
#30 - February 11, 2019, 03:54:07 AM
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