Forex trading is permissible as far as it involves permissible trading and avoid Haraam dealings e.g. companies dealing with alcohol, gambling, usury, weapons to kill innocents, cheating etc.
You can easily contact the offices of any Marja' of Taqleed via email and seek their advice directly.
Forex trading is permissible as far as it involves permissible trading and avoid Haraam dealings e.g. companies dealing with alcohol, gambling, usury, weapons to kill innocents, cheating etc.
You can easily contact the offices of any Marja' of Taqleed via email and seek their advice directly.
Physical possession is must in selling according to Shariah. Forex Spot and CFD trading do not have possession so it is not a proper selling and buying according to Shariah, but it looks like commitment to buy or sell based on studying the market. Such commitment is permissible despite it is not a sale transaction in Shariah, nor gambling but just commitment to buy or sell under certain conditions after studying the market's movement.
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