Comments on: Is Forex Trading Prohibited in Islam?

By: jeffnschmidt@att.net

jeffnschmidt@att.net — Tue, 30 Nov 1999 00:00:00 +0000

In general I don’t think it is good investment theory or practice to consult with religious texts before making a trade, but good luck with that.

By: Pawan

Pawan — Tue, 30 Nov 1999 00:00:00 +0000

you can trade in forex,as no trading is banned,except accruing intersts and gambling,any futures trading is gambling according to sharia law

By: Sandy

Sandy — Tue, 30 Nov 1999 00:00:00 +0000

hi
it is not banned.you can trade.if you able to study the news up to date deeply then only you can success in trading but i know it is hard ! There is a way i found know as "automated trading".some highly qualified forex professionals from broker company trade your financial assets.it worked me well ..! all you just have to sit and watch!. I made good money.check this http://www.bestforextradingplatforms.com

By: Sela M

Sela M — Tue, 30 Nov 1999 00:00:00 +0000

no. forex trading in Islam is perfectly legal. in fact you may refer to this site. it will lead you to a legitimate, leading forex broker that offers trading accounts which adhere to the Islamic law (Sharia). with 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). once you open an account as a trader, you can get a detailed information from your personal Account Service Manager or your Personal Dealer on how Islamic trading accounts work. all the best.