grey area in the matter. Elsa Febiola Aryanti explains. In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently. In the end, Allah (SWT) knows best. Hence, not only do forward transactions involve riba, they also treat currencies or money as commodities. This would mean that trades must involve either some element of fundamental analysis or technical analysis which the trader actually has a firm reason to believe. For example, when you are dealing with the same kind of currency (e.g.
Ruling on online Forex margin trading - Islam web - English
Forex trading via the Internet - Islam web - English
In a spot transaction, one party promises to pay for a certain amount of currency from a second party within the same day or the next two days. The term foreign exchange generally refers to the exchange of one currency for another. As you have read earlier, both are against the Sharias principles. One example might be trend following trends that have an academically established track record as a profitable trading method in liquid financial markets, and trading these trends using.