Discussion of Forex Trading and Currency Trading

are usuary and forex linked?

i asked the members here whether investing in forex is allowed in islam,they said as far the usuary(interest) area is considered its not ……..but there is nothing like interest in forex is it….
am i mistaken……..i wud be thankfull if u correct me………thanx in advance

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One Response to “are usuary and forex linked?”

  1. here is one forex site which adhere to the Islamic law (Sharia), that is, in Islamic trading accounts, when traders extend their Day-Trading deals to the next day, no rolling fee is charged. Accordingly, the maximum duration offered for Day-Trading deals is limited (usually 1 week but it can also be shorter or longer depending on the currency pair traded). all the best.

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