Forex Trading (Forex Trading) Shariah Rules 3235449786

We have already quoted from the information you have provided and what we have learned about the Forex trading system from the link. So that it is easy to say Shariah Hukum based on that subject. At the same time, the matter became clear to everyone. What is Forex Trading? Forex is an international foreign exchange market. The name comes from a combination of the words FOReign and Exchange, which means foreign exchange activities. Forex is one of the newest financial markets: it has been operating since the 60's of the last century. However, it is the largest market in terms of size and rapid growth. The daily trading volume on Forex is about US ৪ 4 trillion, which is more than 30 times the combined volume of all US stock exchange markets. Like any market, Forex trades certain products. In the foreign exchange market, this product is the currency of different countries. Currency rates change through government individuals as well as commercial companies, who convert currency earned through the export of goods or services into domestic currency. Although it accounts for only 5% of foreign exchange market transactions. The remaining 95% of transactions take place through speculators who want to make some profit by exchanging foreign currency. A significant feature of the foreign exchange market is its stability. In a financial market it is well known that the worst thing is the meltdown or fall of the stock index. However, the forex market is protected by its specific component currency which is different from other stock and commodity markets. If the stock depreciates, it is called a financial collapse. But if the U.S. dollar falls, the other currency is stronger; So it speeds up the market. So, it is a good opportunity for a trader to get extra profit. Mentioned features that the Forex line has excellent stagnation are: Currency is the most liquid and reliable trading element. Brokers are usually interested in the most common (most liquid) currencies which are called bases. At the moment, more than 75% of traders are trading in USD (USD), Japanese Yen (JPY), Euro (EUR), British Pound (GBP), Switch Franc (CHF), Canadian Dollar (CAD) and Australian Dollar (AUD). Trades in basic currencies. Forex is readily available around you. By accessing the Internet, you can transact with customers in other parts of the world. As mentioned earlier, foreign exchange transactions always give you the opportunity to make a profit because the currency fluctuates several times in a day. Thus, currency fluctuations, your clear goals and new technologies give you the opportunity to do high-profit business. The above statement has been taken from https://www.instaforex.com/bd/what_is_forex.php. What we understand is to open an account to do online business. Then the currencies of different countries are bought and sold one by one. The middle profit remains with the individual. This is the point of Forex trading. What will be the Shariah ruling as this? It is quoted below. Shari'ah Rulings If we want to know the Shari'ah ruling on this subject, we have to look at two things. Namely- 1 It is permissible to trade more or less in exchange for which currency? 2 Is it permissible to buy and sell in that way of Forex trading? Once we know the Shari'ah point of view on these two issues, the Shari'ah provisions on the issue will become clear, InshaAllah. Is currency trading legal? In this case, there are two issues. For example, is it legal to buy and sell the currency of one country in exchange for the currency of another country? 2 Is it permissible to buy and sell the currency of the same country? Transactions of currencies of different countries It is permissible to sell the currencies of one country for less than the currencies of another. However, in this case, at least one side of the meeting has to seize the money. If one does not acquire their exchanged currency, the purchase and sale will not be permissible. For example, Bangladeshis are selling money for dollars. In this case, the person who bought the dollar will acquire the dollar at the buying and selling meeting. Or the one who bought the money will get the money in that meeting. If both of them acquire the currency they purchased, then so be it. But at least one of the conditions to be acquired. And if neither of them acquires, but the whole remains, then the purchase and sale is not permissible. Mutual transactions in the currencies of one country Equality must be maintained in the transactions of the currencies of the same country. If you sell more or less, the purchase and sale will not be permissible. For example, if the American dollar sells for the US dollar, then it will not be permissible to sell more or less. It will be permissible if it is equal. That means you can sell for only ten dollars for ten dollars. Buying and selling less than this will not be permissible. In Al-Hidayat-ul-Filsin Ba'iyanma, on the other hand, Abi Hanifa said, / 85, طبع رحمانية) فى المستدرك للحاكم- عن ابن عمر رضي الله عنهما, أن النبي صلى الله عليه وسلم «نهى عن بيع الكالئ بالكالئ» (مستدرك على الصحيحين -2 / 65-66, رقم -2342, شرح معانى الآثار, رقم -5554, Sunan al-Darqatani, No. 3060 The Shari'ah Rule of Forex Trading Methods It has become clear from the above discussion that if there is no Shari'ah prohibited subject in the forex trading, then it is permissible to buy and sell at a lower price if the currency of the two countries is traded. It has to be acquired at the meeting of purchase and sale. If the said condition is complied with, then buying and selling the currency of different countries will be more or less permissible. So the profit earned from it will also be permissible. No problem. But if the condition is not met, i.e. no one acquires their traded currency, then the purchase and sale will not be permissible. As such, the profit earned by it will not be justified. And it will be permissible to buy and sell one domestic currency with the same currency. It will not be permissible to sell more or less. Another thing: After one buys the currency of a country and sells it to another before acquiring it, the purchase and sale will not be valid. Rather it must be acquired first. Then have to sell. If it sells before the acquisition, then the purchase and sale will be haraam. So the buyer has to acquire the currency himself, or acquire it through his representative, then sell it to others a second time. This issue should also be noted in the middle of the trading. It would not be permissible to trade in this way if it was sold before it was acquired. On the authority of Ibn 'Abbas, he said: "But not the Messenger of God, may God bless him and grant him peace." Ibn 'Abbas said: There is no reckoning for everything except an example. (Musnad al-Shafi'i, Hadith No. 1403, Sahih Al-Bukhari, Hadith No. 2135, 2028, Explanation of Problems, Hadith No. 5642) Note: The forex trading command above is only the command of the surah quoted under the heading "We have understood". That means opening an account to do business, then the currency of one country is sold in exchange for the currency of another country. It is traded in the hope of making a profit in the middle of it. If there are any other problems which have not been clarified to us, then this provision cannot be applied in those cases. 8687535885