Today I have finished an online trading course by spending USD 750, and sacrificing one and half month's of my time, 1 hour travelling and studying at nights. However, after watching this video I am convinced that online trading or forex trading with margin or positions is haraam. Brother Almir, Jazak Allah for this video. I have decided that for the sake of Allah, I will not participate in this business which is not permitted. I am so grateful that I watched this video
. Very good proud of you . Start crypto . And trade only halal coins only on spot . Don't do future . It is halal and also the same rule applies on forex also applies for crypto .
My younger brother just finished an online course about forex trading. After watching this i have to advice him otherwise. Jazakallah kheir for the update
I have invested 5 months deep into learning Forex and made some future decisions with Forex business, but somewhere in my head, one thing was really disturbing from the start when I came to know that we are not purchasing or selling anything, which means there is not any value rather than just speculation to earn money. I watched lots of videos but not any single shiekh said That CFD is halal. Alhamdulillah, my concept is clear: my Rizq is not depends on Forex or If I do Forex, then only I will be wealthy, but Allah is raziq. If Allah wants to give me anything, surely Allah will give me any other Halal means!
I use Olympic trade inorder to trade it has an Islamic account which removes any possible companies which do haram like dealing interest is trading still haram?
@@rahimnawab5991 There is nothing wrong in purchasing and selling an asset that is a Shariah Compliant asset whether it is stock, crypto coin or any other asset online offline. The problem comes when you trade derivatives or CFD's in which you are just making a contract with a broker and it does not have any value. Secondly, the problem comes when you use leverage or do the margin trading although in spot trading like stocks or Crypto. When you use margin you have to trade derivatives, you cannot margin trade in spots. I left forex but I didn't leave trading, now shifted towards spot crypto Alhmdolillah with the grace of Allah my knowledge of trade did not get wasted and I am totally satisfied with the spot module.
@@rahimnawab5991 If you are doing Stock trading, which includes no leverage, and stocks are Shariah Compliance,t, then there is nothing wrong. Just Don't go for the future, options, and CFDs in addition to leverage. And make sure of one thing: traditionally, stocks were transferred to you within two days after buying them. Look for a ruling in Islam about transferring an asset after two days, and if your broker is transferring you within a day, how is he doing this?
You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires. I pray that anyone who reads this will be successful in life
For me there is nothing wrong with 1m in retirement as long as halal. At least my balance of money can be inherit to my son/daughter once I close my eyes.
I was really deep in learning this thing but finally Allah just sent this video. I believe this is not coincidence but Allah is using brother Almir Colan to save me. May Allah reward you. Jazakallahu-Kheir.
Search for McCain finance teachable business owners accounting & finance course! This program will literally change your life, especially if you're a business owner!
May Allah bless you bro Almir Colan for this lovely simple knock down the tricks of fake digital money business and show what is HALAL and HARAM in ... Please do more of these short briefing of this sector of business ...
Thanks a lot sir. These days i am taking interest in learning about forign exchange trading etc. but apar from that i had had some doubts about fx trading as if it is not sharia compliant. Sir almir colan has simplified and clarified today mashallah. Sir you are doing a wonderful job and keep it up. Mashallah
@@iyasahd558 As per my understanding if you do it in spot, no future no options & do it properly by learning the technical & fundamental analysis. its good, & HALAL. Lets take an example" if you transfer some money to your friend in foreign country to buy some gold(/silver/platinum/foreign currency) for you as the gold there is pure & price is less(good) & keep that gold in with you in your secure wallet. After some time say a year later the price of gold goes up & you call your friend to sell that gold & give me the margin & let the base amount with you as I will let you know what to buy, silver or any other currency after analyzing the market. So its Halal & we do it for centuries, the modern form is Forex. where your friend is replaced by the broker & transactions are done online with your own will. You hold the currency as much as you want & can sell any time you want. you got the full control.
Allah te nagradio za ovo divno objašnjenje. Niko jednostavnije nije objasnio da je to klađenje i kocka. Allah ti svako dobro podario i nagradio tvoj trud i rad
Sadly many brothers, are promoting this form of “trade” to the youth as way to gain financial freedom, whilst also pushing a scholars opinion, just to sell courses and signals.
Wow. You know her too? I lost a lot of money as a beginner until I saw Mrs Hailey Gassmann on CNBC. She's been managing my portfolio with good returns and I appreciate her sincerity and genuine services
Hailey has been managing my investment. All I do is sit at home and make withdrawals every week without any knowledge of trading. She does everything by herself
Forex is not a bet on a decrease or increase. It’s a percentage math calculation. No matter the down or up, an experienced trader always wins. But there is a lot of truth in this video about brokers.
He is not saying trading as a whole is gambling but some selected times of trading like options, futures and other work similarly like gambling. Shari'a prohibit trading what you don't possess and short term trades that are 100% speculatives. It's simply a way of supporting and engaging in the consumption of peoples wealth in unjustly. (,و لا تأكلو أموالكم بينكم بالباطل)
@@MuheisenServices Thank you very much for your reply. Some brokers' terms are often overstated, with excessive leverage and a cost of hosting. Others are reasonable and allow for calculated earnings.
I was about to purchase a $200 course to learn forex trading, and alhamdulilallah god sent this video to my way. I am convinced that forex trading is totally haram. May allah swt bless you brother for sharing this information
Alhamdulillah for grant us Islam. I will take this advice with the full twakoul that, Allah has always a better ways to grant a beneficial wealth for his righteous servant. Thanks brother for well deep details with conclusion.
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high, today I am more than 60% down!
Don't be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you're investing in great companies. kudos to SUSAN OWEN
Thanks for your update I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
@@AlmirColan aselamu alyk werahmetullah Can u tell the opinion of ulemas about the network marketimg business not the pyramid one Just network marketing ?
@@AlmirColanwhat about risk management. where I'm not losing all of my money. If i trade for 100$ if i losing money i can stop in 90$. It is also gambling ⁉️
Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?
VENTURING into the trading world without the help of a profesionals, trading and expecting profit is like turning water into wine you would need a miracle...
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
May Allah bless you, you have explained this topic better than most of the Islamic Scholars. I have worked in forex industry almost 3 years ago and then left for the love of Allah. As you rightly said its pure gambling. May allah bless and reward you here and there.
Thanks alot dear, this is what people what know the difference, such a simplest and kind words to understand, youtube full of two kinds of people 1 who are defending because they are doing it, and Islamic scholars most of the times they also don't know insights of its working that's why it creates ambiguity. But you did a good job Jazacallah khaira Sir
Thank you for this video. Finally, I need some of technical explanation on leverage things. I was about to start again my journey with Forex after a long break. There is no point to be rich from what Allah prohibit. There is a lots of way to earn halal money or extra money.
Wealth is built in both bull or bear market and also wealth transfers from the impatient to the patient. One of the best ways to succeed in crypto is by trading your assets with a good strategy..
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
JazakAllah Brother for providing true Islamic prospective and saving me from Haram Yesterday I lost the investment due to election results and then I found this video which has totally changed my mind. How can we make profits with haram...JazakAllah Khair
Most of the markets are beeing moved with algorithms/ AI. When you study (for few years) it's not betting anymore. World record on Robbins worldcup is more than 11000% in 1 year, so he was not gambling and winning for 12 consecutive months. But like you said most people think it's a get rich quick plan and they are gambling without beeing ready to put in the effort to learn... so they lose.
Before reading the surah Rum we cant distinguish the good and the bad in finance, we've seen the last 1400 years of losing against the riba industry because of traditional way of life.We need to find a way in shariah to overcome the riba industry, let's focus on this....Jazekallahu khayr
Thank you for explanation I learn many things. When my friend said forex is gambling I was arguing with them, I have tried to explain to them is not. But now I understand it.
Respectfully i disagree sir . Most of the people who lose money in forex are greedy people who treat forex as gambling . If you know technical analysis and smart money concept/ ICT , you have better chances of winning as they focus on liquidity and where big banks sell or buy. 2) Secondly, the forex algorithm is the picture of whats happening to currencies in real life . There is a separate community who trade fundamentals. Lets suppose Iran and Usa war starts .. It will impact basket currencies of USD as well as Oil and Gold . So if its artificial, then how come it moves when something big is happening in world .. 3 . If stock market are allowed in islamic world ... Then why people have problem with forex ..
Name 1 fiqh council that has allowed forex trading as halal. Simply put, forex trading is dealing in imaginary items. There is no actual currency exchange taking place. The speculation and shifts in pips is the point of forex and that is clearly not allowed in the syariah
if you know what are you doing the house loose and forex is not haram for me but he cheikh explain today the false promise and the scam broker and the idea of get rich quickly without hard work in this industrie today thanks forex is not casino
Jazakallahu bi khiar, what can you say about Trading propfirm? Where the Risk is only on one side. You only get paid for your performance and even if you fail you only lose the challenge fee
I'm not entirely sure, but I think these days, you can achieve the same results with any basic camera, and most editing software offers similar capabilities.
Speculative behaviour can not be avoided even in normal real trades. So, speculative trading by itself does not make a trade haram. Almir's view, I think, is that forex trading is not taking possession of real goods and that it is purely speculative, gambling and not real like futures and others. This is what makes it haram.
@@BravoMoeez stock unlike what was explained is like owning a share in a company. If the company performs over time you make profit and vice visa. This is why long-term focused spot forex and crypto trading isn't considered haram. Whereas futures, option and derivatives has to do with gaining and lossing for predicting the price of an asset without actually buying them. That is why they use the term long and short and not buy and sell. In Stock and spot you actually buy the asset while in futures options and derivatives you bet on the assets.
Brother Almir, this is a very nice and informative video, Mashallah! However, I think it's important to also highlight the real way of trading. Yes, around 80-90% of traders lose money, and that's because many of them approach trading like gambling. They lack a proper understanding of the market, the economics behind price movements, and the correlations between different assets. Many also lack discipline, consistency, and are focused on making quick profits rather than developing a solid, long-term strategy. In fact, people with this mindset would likely lose money in any venture they pursue, even if they opened a small shop right in front of their house. Their lazy nature and lack of commitment to learning and hard work would prevent them from succeeding, no matter the opportunity. Trading, like any business, requires dedication, patience, and discipline to be profitable.
Wa alaikum salam, I have used to with this argumentation difference for a long time, and there some ulamas out there claimed that forex online trading, even crypto trading, is permissible on Islamic sharia law. It is your choice on selecting imams. The most important thing that your action must have an imam/ulama
I have spending alot of dollers for learning and im still learning and i got some benefit in trading but for the trust im in tiers after watching this video may ALLAH forgive us 🤲
Thank you so much Sir, You have explained Forex in a much simplier manner than the rest.. I am in a huge debt because of it. And I still think this is the only way to repay my debts.. But just because of this reason I m going deep in debts.. I certainly don’t know how to come out of this losses because these losses can’t be recovered in a short period of time like how it went !! Lastly, It is so addictive that you won’t be able to leave it easily.. Its better to be far from it at the very beginning !! 😢😢😢
There are no businesses on the face of the earth which is not risky, the business will become safe when the one who does the business knows how to do it and make profit out of it. Forex trading is similar, once you know how to trade, then u will never loss. He will be confident in each trads he does. It matters also the trading platform and brokers you choose. Allah knows best. Jazakallah khair
Salam alaikom. I get your point, but we most recognize the difference between a traders which know WHY a bird is going up or down, instead a pure gamblers which enter buy or sell without knowing what they are doing. If it is about gambling, open a Mini Market on a road is a bet, cause you don’t know if the people will come to your market or prefer other markets. Every business it’s a gamble, even getting a work for a company win stead of another, without knowing if that will live until you reach the retirement.
Barakallah fiikum akhi but you should create another video clarifying more because some Islamic scholars gave us go ahead on forex trading because some of us first consulted before joining it. Thanks
@AlmirColan When you are trading the market prices are the same as that in reality and it keeps on changing over time and brokers are there to connect us to the financial markets. May Allah provide us with halaal jobs yarrab everything seems upside down
@@Zhanyingclips So what is the question here? And no, brokers do not connect you with anything and they don’t buy anything for you. Read the terms of contract for difference.
@@AlmirColan ECN / STP Brokers do connect to the Interbank Liquidity Pool where real trades take place. Plz enlighten, if I'm wrong, I'm open minded to listen & do a course correction. Jazak ALLAH
Well if you don’t know how to trade then it’s a gambling… if you can trade like a pro, then I don’t see any problem…risk management is the key here… Allah knows the best.
Forex CFDs are the same as placing bets in a casino - there's no difference. Both involve no ownership or value, just speculation in a zero-sum game. Placing chips on a number is a contract, and a CFD is a contract. Both generate profit if the guess is correct. No difference.
@@AlmirColan Agreed that FX CFD is prohibhited Islamically but there is a major difference when you compare it with Gambling & Gambling dens since in FX, trades are taken after doing fundamental & technical analysis & other considerations while in Gambling, bets are placed without any proper due-diligience i.e. pure blind bets.
@@AlmirColan sir you said they generated profits if the guess is correct??. But the profit is not on gues... its calculating that how much you buy and how much the price increased.. example.. if you buy 1000 dollars.. for 2000 other currency... if the dollar price go up.. before 1$ = 2 other currency and then go up 1$= 3 other currency.. then ofcourse you should take 3000 for 1000$.. because price goes up... so how its bet and gues profit??
@@AlmirColan Banking system is Haraam because that is based on interest/riba. Interest/riba is a major sin in Islam. AlmirColan Do you have a bank account?
Sir With all Due respect I want to ask some question? How will you define Ownership of an asset? Ownership is simple to have the power to whenever finish your asset or to keep it for as longer as you want. Simple So I think we do have the ownership of the asset. 2nd. Nowadays Even banks are using digital transactions to even pay for the bills and groceries so in your opinion that would not be real money also? Sir Times has changed People are being the owner of multiple things just by paying online without even having that asset or giving cash having each other side.
Bagus betul rasanya sekarang ni bila sedar boleh trading bila2 masa 24/7. Tak perlu tunggu hari yang sesuai. Baru sedar beberapa hari lepas. Mungkin urusan kewangan tu pada hari bekerja sahaja. Ps.. jangan tinggal phone anda merata rata tempat sekarang ni.
After Long time I finally take decision to do forex trading but now this video suddenly infront of me. Alhamdulillah. Allah safe me from haram. But crypto currency trading is halal right?
Exactyl!, most trading is not owning the asset & only speculating. The only halal trading is that of the "Stock" market if you buy stocks with your cash into your wallet and sell them later but all the other types though they multiply money very fast, they are all buying the right to benefit but not the asset and interest-based with lots of haram things
Amir considers Crypto halal since he himself is into crypto (check his website) but since he doesn't do spot forex it's haram. In my opinion crypto is more on the side of Haram as it has no government backing while currencies do.
@@shahnawazaziz7806 I actually don’t support crypto or Bitcoin at all - I don’t consider it something that we as Muslims should be involved in. Bitcoin 101 as a course explores that idea and concluding episode spells this very clearly.
to those who are winning over 50% consistently are traders , but anyone who is losing money consistently are speculating and gamboling and that is how i see it.
@AlmirColan Please does this apply to crypto currency spot trading? Can you kindly make a video on alternative halal trading that's permissible? Thanks.
First, stock markets. Second, futures market "hedging" on intentions of protecting your assets you own or assets you "confirm wanted to own physically in the future" from price volatility.
Wow. You know her too? I lost a lot of money as a beginner until I saw Mrs Alana ringberg She on CNBC. She's been managing my portfolio with good returns and I appreciate her sincerity and genuine services
Today I have finished an online trading course by spending USD 750, and sacrificing one and half month's of my time, 1 hour travelling and studying at nights. However, after watching this video I am convinced that online trading or forex trading with margin or positions is haraam. Brother Almir, Jazak Allah for this video. I have decided that for the sake of Allah, I will not participate in this business which is not permitted. I am so grateful that I watched this video
Barakha feeh, insha Allah I will let it go as well 🤗😇
May allah give you better sustanance
@@salaudeenbairat1031 May Allah accept our deeds
@@haikalarzuan4400 Aameen. May Allah accept our deeds.
.
Very good proud of you .
Start crypto . And trade only halal coins only on spot . Don't do future .
It is halal and also the same rule applies on forex also applies for crypto .
My younger brother just finished an online course about forex trading. After watching this i have to advice him otherwise. Jazakallah kheir for the update
I have invested 5 months deep into learning Forex and made some future decisions with Forex business, but somewhere in my head, one thing was really disturbing from the start when I came to know that we are not purchasing or selling anything, which means there is not any value rather than just speculation to earn money.
I watched lots of videos but not any single shiekh said That CFD is halal.
Alhamdulillah, my concept is clear: my Rizq is not depends on Forex or If I do Forex, then only I will be wealthy, but Allah is raziq. If Allah wants to give me anything, surely Allah will give me any other Halal means!
Question) Does this same logic applies on stock trading or fix time trading?
I use Olympic trade inorder to trade it has an Islamic account which removes any possible companies which do haram like dealing interest is trading still haram?
@@rahimnawab5991 There is nothing wrong in purchasing and selling an asset that is a Shariah Compliant asset whether it is stock, crypto coin or any other asset online offline. The problem comes when you trade derivatives or CFD's in which you are just making a contract with a broker and it does not have any value.
Secondly, the problem comes when you use leverage or do the margin trading although in spot trading like stocks or Crypto. When you use margin you have to trade derivatives, you cannot margin trade in spots. I left forex but I didn't leave trading, now shifted towards spot crypto Alhmdolillah with the grace of Allah my knowledge of trade did not get wasted and I am totally satisfied with the spot module.
@@rahimnawab5991 If you are doing Stock trading, which includes no leverage, and stocks are Shariah Compliance,t, then there is nothing wrong. Just Don't go for the future, options, and CFDs in addition to leverage. And make sure of one thing: traditionally, stocks were transferred to you within two days after buying them.
Look for a ruling in Islam about transferring an asset after two days, and if your broker is transferring you within a day, how is he doing this?
same here i learn 7 8 months attened some paid webinar and classes of mentor but now i dont want to continue forex
You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires.
I pray that anyone who reads this will be successful in life
For me there is nothing wrong with 1m in retirement as long as halal. At least my balance of money can be inherit to my son/daughter once I close my eyes.
MashaAllah This is very beautiful and comprehensive perspective of Forex trading in Islam. Jazak Allah✨
I was really deep in learning this thing but finally Allah just sent this video. I believe this is not coincidence but Allah is using brother Almir Colan to save me.
May Allah reward you. Jazakallahu-Kheir.
Is this Haram or not I also locking for this video What they told you is this Haram I don't understand English well
According to this video
@@ZoohiQuiz haram
Search for McCain finance teachable business owners accounting & finance course! This program will literally change your life, especially if you're a business owner!
Me too may allah grant us something better
May Allah bless you bro Almir Colan for this lovely simple knock down the tricks of fake digital money business and show what is HALAL and HARAM in ... Please do more of these short briefing of this sector of business ...
Thanks a lot sir.
These days i am taking interest in learning about forign exchange trading etc. but apar from that i had had some doubts about fx trading as if it is not sharia compliant. Sir almir colan has simplified and clarified today mashallah.
Sir you are doing a wonderful job and keep it up.
Mashallah
Bro is this halal or haram?
Please tell short and sweet
@@iyasahd558 As per my understanding if you do it in spot, no future no options & do it properly by learning the technical & fundamental analysis. its good, & HALAL. Lets take an example" if you transfer some money to your friend in foreign country to buy some gold(/silver/platinum/foreign currency) for you as the gold there is pure & price is less(good) & keep that gold in with you in your secure wallet. After some time say a year later the price of gold goes up & you call your friend to sell that gold & give me the margin & let the base amount with you as I will let you know what to buy, silver or any other currency after analyzing the market. So its Halal & we do it for centuries, the modern form is Forex. where your friend is replaced by the broker & transactions are done online with your own will. You hold the currency as much as you want & can sell any time you want. you got the full control.
@@Apexforexacademy
ASAK Bro
Can you plz enlighten on how to Spot trade Forex ? Through ECN / STP Brokers or how exactly ?
Allah te nagradio za ovo divno objašnjenje. Niko jednostavnije nije objasnio da je to klađenje i kocka. Allah ti svako dobro podario i nagradio tvoj trud i rad
Eselamu Alejkum, hvala na pojašnjavanju ,ovaj video pojašnjava detaljno šta je haram i šta ne trebamo raditi, hvala.
Sadly many brothers, are promoting this form of “trade” to the youth as way to gain financial freedom, whilst also pushing a scholars opinion, just to sell courses and signals.
Special the guy who owns yarimuniversity
just don't follow them.
MashaAllah well explained. I though i will do that, Alhamdulillah Allah guided me through you, Jazakallah ❤
I'm thinking of getting into investing but feel a bit lost and confused. Any friendly advice or contacts you recommend for guidance?
It's a wise idea to seek expert advice when you're setting up an investment portfolio because it can be a bit complicated.
Getting advice & guidance from financial experts like Hailey Gassmann to adjust your investment is a wise move.
Wow. You know her too? I lost a lot of money as a beginner until I saw Mrs Hailey Gassmann on CNBC. She's been managing my portfolio with good returns and I appreciate her sincerity and genuine services
So you guys also familiar with her? Whoa! She is amazing and the reason my spouse and I possess our own home and car
Hailey has been managing my investment. All I do is sit at home and make withdrawals every week without any knowledge of trading. She does everything by herself
Forex is not a bet on a decrease or increase. It’s a percentage math calculation. No matter the down or up, an experienced trader always wins. But there is a lot of truth in this video about brokers.
You need to go back and learn about Islamic ruling on gambling
@@hadithpost1807 Brother trading is NOT gambling, please don't start giving your opinion about a field that you have 0 idea about.
@lord4953 future trading is gambling
He is not saying trading as a whole is gambling but some selected times of trading like options, futures and other work similarly like gambling. Shari'a prohibit trading what you don't possess and short term trades that are 100% speculatives. It's simply a way of supporting and engaging in the consumption of peoples wealth in unjustly. (,و لا تأكلو أموالكم بينكم بالباطل)
@@MuheisenServices Thank you very much for your reply.
Some brokers' terms are often overstated, with excessive leverage and a cost of hosting. Others are reasonable and allow for calculated earnings.
Wow. Really needed this. JazakAllahu Khairan
jazacallah khaira Brother, from Mozambique 🇲🇿
Asslamua alaikum how are you India 🇮🇳
Thank you, brother . just finished creating an account with exnes. Fortunately, I came across your video
What is your Next plan for Forex
جزاكم الله خيرا وبارك الله فيكم اخي ❤
I was about to purchase a $200 course to learn forex trading, and alhamdulilallah god sent this video to my way. I am convinced that forex trading is totally haram. May allah swt bless you brother for sharing this information
Jazakallah Khaira for the clarification for this special topic
Alhamdulillah for grant us Islam. I will take this advice with the full twakoul that, Allah has always a better ways to grant a beneficial wealth for his righteous servant. Thanks brother for well deep details with conclusion.
Jazakallah khir..hope next video about metal or gold silver and oil..asalamualaikom..😊
Jazakullahu Khayr . Saved me time and money and heartache .
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high, today I am more than 60% down!
Don't be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you're investing in great companies. kudos to SUSAN OWEN
I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading
Thanks for your update I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
This sounds so good and I would like to be a party to it, is there any way I can speak with her?
She's recognized as 'Mrs SUSAN OWEN. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
Another awesome video. Very clear and concise. Great work Almir. Thank you
@@ymian thanks brother 👍
To earn free money on binance is halal or Haram?
@@AlmirColan aselamu alyk werahmetullah
Can u tell the opinion of ulemas about the network marketimg business not the pyramid one
Just network marketing ?
@@AlmirColanwhat about risk management. where I'm not losing all of my money. If i trade for 100$ if i losing money i can stop in 90$. It is also gambling ⁉️
Haram is haram... When we died, we have to answer. About our wealth.
correct
So is forex haram? Crypto?
Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?
VENTURING into the trading world without the help of a profesionals, trading and expecting profit is like turning water into wine you would need a miracle...
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I and my brother are favoured financially, Thank you Sonia Dixon. $32,000 weekly profit regardless of how bad it gets on the economy
I Started with 5,000$ and Withdrew profits
89,000$
She must be really dedicated and well trusted for people to talk much good about
May Allah bless you, you have explained this topic better than most of the Islamic Scholars. I have worked in forex industry almost 3 years ago and then left for the love of Allah. As you rightly said its pure gambling. May allah bless and reward you here and there.
Thanks alot dear,
this is what people what know the difference, such a simplest and kind words to understand, youtube full of two kinds of people 1 who are defending because they are doing it, and Islamic scholars most of the times they also don't know insights of its working that's why it creates ambiguity. But you did a good job
Jazacallah khaira Sir
This is also how Perpetual Contracts in crypto work, jazzakaAllahu khairan
JazakAllah Brother. Thank you for explaining in simplest terms.
Thanks brother ,jazacallah khaira man!
MashaAllah. very clear and powerful explanation. thank you very much.
Thank you for this video. Finally, I need some of technical explanation on leverage things. I was about to start again my journey with Forex after a long break.
There is no point to be rich from what Allah prohibit.
There is a lots of way to earn halal money or extra money.
Wealth is built in both bull or bear market and also wealth transfers from the impatient to the patient. One of the best ways to succeed in crypto is by trading your assets with a good strategy..
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
imagine investing in Btcoin earlier.... You could have been a multi millionaire precently
@@thylda7877 You are right. Been thinking of going into gold and cyptocurrency
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
JazaKaAllah Khair brother
Jazakallahu khayr u saved me from falling into it
JazakAllah Brother for providing true Islamic prospective and saving me from Haram
Yesterday I lost the investment due to election results and then I found this video which has totally changed my mind. How can we make profits with haram...JazakAllah Khair
Most of the markets are beeing moved with algorithms/ AI. When you study (for few years) it's not betting anymore. World record on Robbins worldcup is more than 11000% in 1 year, so he was not gambling and winning for 12 consecutive months. But like you said most people think it's a get rich quick plan and they are gambling without beeing ready to put in the effort to learn... so they lose.
Masha allah
This is the bitter truth
Before reading the surah Rum we cant distinguish the good and the bad in finance, we've seen the last 1400 years of losing against the riba industry because of traditional way of life.We need to find a way in shariah to overcome the riba industry, let's focus on this....Jazekallahu khayr
Thank you for explanation I learn many things. When my friend said forex is gambling I was arguing with them, I have tried to explain to them is not. But now I understand it.
This shike I Don't understand proH.what he say forex halaal or haraam?
Respectfully i disagree sir . Most of the people who lose money in forex are greedy people who treat forex as gambling . If you know technical analysis and smart money concept/ ICT , you have better chances of winning as they focus on liquidity and where big banks sell or buy.
2) Secondly, the forex algorithm is the picture of whats happening to currencies in real life . There is a separate community who trade fundamentals. Lets suppose Iran and Usa war starts .. It will impact basket currencies of USD as well as Oil and Gold . So if its artificial, then how come it moves when something big is happening in world ..
3 . If stock market are allowed in islamic world ... Then why people have problem with forex ..
You are right brother
You are right...
Name 1 fiqh council that has allowed forex trading as halal.
Simply put, forex trading is dealing in imaginary items. There is no actual currency exchange taking place. The speculation and shifts in pips is the point of forex and that is clearly not allowed in the syariah
Mostly people talk about leverage. Cuz the leverage is the main issue.
@@Meowww12760 Because these people need to update their mind software.
May Allah bless you brother Almir. I wanted to start this course
Thanks for this clarification, very clear. This is just speculation on the movements of price trends.
Love the title, I suggested it! Yes brother you are right. It's the exact same as going to a casino and losing all your money. The house always wins.
👍
if you know what are you doing the house loose and forex is not haram for me but he cheikh explain today the false promise and the scam broker and the idea of get rich quickly without hard work in this industrie today thanks forex is not casino
You absolutely don’t know anything about trading if you say this confidently 💀💀💀
@@diaarraaa agreed
Jazza Akallah, really educative.
Jazakallahu bi khiar, what can you say about Trading propfirm? Where the Risk is only on one side. You only get paid for your performance and even if you fail you only lose the challenge fee
Barak Allah fik brother! Can I kindly ask you which type of camera do you use? And which editing program? Your videos are awesome allahumma barik
I'm not entirely sure, but I think these days, you can achieve the same results with any basic camera, and most editing software offers similar capabilities.
@@AlmirColan please about infinity power trade identify halal or haram
Very clear and powerful explanation. Thank you
Stock trading is considered halal by majority of scholars, yet that is also speculative or in your words "gambling".
Speculative behaviour can not be avoided even in normal real trades.
So, speculative trading by itself does not make a trade haram.
Almir's view, I think, is that forex trading is not taking possession of real goods and that it is purely speculative, gambling and not real like futures and others.
This is what makes it haram.
@@AhmedHassan-yc5fb In stocks also there is nothing physical that one takes possession of, yet it is halal.
@@BravoMoeez stock unlike what was explained is like owning a share in a company. If the company performs over time you make profit and vice visa. This is why long-term focused spot forex and crypto trading isn't considered haram. Whereas futures, option and derivatives has to do with gaining and lossing for predicting the price of an asset without actually buying them. That is why they use the term long and short and not buy and sell. In Stock and spot you actually buy the asset while in futures options and derivatives you bet on the assets.
JazakaAllahu Khairan
i don't know,,,, some people say Forex is halal, and some say haram...
Brother Almir, this is a very nice and informative video, Mashallah! However, I think it's important to also highlight the real way of trading. Yes, around 80-90% of traders lose money, and that's because many of them approach trading like gambling. They lack a proper understanding of the market, the economics behind price movements, and the correlations between different assets. Many also lack discipline, consistency, and are focused on making quick profits rather than developing a solid, long-term strategy.
In fact, people with this mindset would likely lose money in any venture they pursue, even if they opened a small shop right in front of their house. Their lazy nature and lack of commitment to learning and hard work would prevent them from succeeding, no matter the opportunity. Trading, like any business, requires dedication, patience, and discipline to be profitable.
Please are you an fx trader?
Please are you an fx trader?
Really helpful
love from Bangladesh...❤
jazakallah. Allah bless us with the truth
Waaleikum salam warhmatullahi wabarakatu ma shaa Allah Allahumma barik. 😊
Wa alaikum salam, I have used to with this argumentation difference for a long time, and there some ulamas out there claimed that forex online trading, even crypto trading, is permissible on Islamic sharia law.
It is your choice on selecting imams. The most important thing that your action must have an imam/ulama
Please make a video on crpto trading its halal or haram
*what is your oppinion
I have spending alot of dollers for learning and im still learning and i got some benefit in trading but for the trust im in tiers after watching this video may ALLAH forgive us 🤲
Thank you very informative video.
Thank you for such a informative content. جزاک الله خیرا
Jazakal Allahu Khair
Thank you so much Sir, You have explained Forex in a much simplier manner than the rest.. I am in a huge debt because of it. And I still think this is the only way to repay my debts.. But just because of this reason I m going deep in debts.. I certainly don’t know how to come out of this losses because these losses can’t be recovered in a short period of time like how it went !! Lastly, It is so addictive that you won’t be able to leave it easily.. Its better to be far from it at the very beginning !! 😢😢😢
There are no businesses on the face of the earth which is not risky, the business will become safe when the one who does the business knows how to do it and make profit out of it. Forex trading is similar, once you know how to trade, then u will never loss. He will be confident in each trads he does. It matters also the trading platform and brokers you choose. Allah knows best. Jazakallah khair
Salam alaikom. I get your point, but we most recognize the difference between a traders which know WHY a bird is going up or down, instead a pure gamblers which enter buy or sell without knowing what they are doing. If it is about gambling, open a Mini Market on a road is a bet, cause you don’t know if the people will come to your market or prefer other markets. Every business it’s a gamble, even getting a work for a company win stead of another, without knowing if that will live until you reach the retirement.
@@fitnesschannel6275 difference is that in gamble you make money from guessing and not engaging in real business activity.
I want to begin investing but require some help. Do you have any advice or suggestions for assistance please?
You truly require someone like Warren Buffett. a dependable trader, to achieve it.
Barakallah fiikum akhi but you should create another video clarifying more because some Islamic scholars gave us go ahead on forex trading because some of us first consulted before joining it. Thanks
What is unclear or disputed here in your opinion? Provide me with specific point and I will try to address it insha'Allah
@AlmirColan When you are trading the market prices are the same as that in reality and it keeps on changing over time and brokers are there to connect us to the financial markets. May Allah provide us with halaal jobs yarrab everything seems upside down
@@Zhanyingclips So what is the question here? And no, brokers do not connect you with anything and they don’t buy anything for you. Read the terms of contract for difference.
@@AlmirColan
ECN / STP Brokers do connect to the Interbank Liquidity Pool where real trades take place.
Plz enlighten, if I'm wrong, I'm open minded to listen & do a course correction.
Jazak ALLAH
Selam zemljace jako poucan video
Well if you don’t know how to trade then it’s a gambling… if you can trade like a pro, then I don’t see any problem…risk management is the key here… Allah knows the best.
Funny, basically you are saying if you can play roulette and poker etc like a pro and not lose than it is not gambling.
There is no gambling in forex except for those who don't know accurately how the charter goes, Allah knows the best.
Thank you for the information, Just i have question, Is the paper money is Halal. Is there any concept of paper money in Islam?
i have so many time indecisive for this topic..
This shike I Don't understand proH.what he say forex halaal or haraam?
@DheseyCilmi-fp6px hai dhesey.. i thinks that is vital topic
The only problem in forex trading is cfd. Gambling word is not correct for specialy forex trading expert. For a beginner, it can be possible
Forex CFDs are the same as placing bets in a casino - there's no difference. Both involve no ownership or value, just speculation in a zero-sum game. Placing chips on a number is a contract, and a CFD is a contract. Both generate profit if the guess is correct. No difference.
@@AlmirColan Agreed that FX CFD is prohibhited Islamically but there is a major difference when you compare it with Gambling & Gambling dens since in FX, trades are taken after doing fundamental & technical analysis & other considerations while in Gambling, bets are placed without any proper due-diligience i.e. pure blind bets.
T@@AlmirColanthere's no skill involved in gambling but forex needs skills. Most people are trading spot forex.
@@AlmirColan sir you said they generated profits if the guess is correct??. But the profit is not on gues... its calculating that how much you buy and how much the price increased.. example.. if you buy 1000 dollars.. for 2000 other currency... if the dollar price go up.. before 1$ = 2 other currency and then go up 1$= 3 other currency.. then ofcourse you should take 3000 for 1000$.. because price goes up... so how its bet and gues profit??
@@AlmirColan Banking system is Haraam because that is based on interest/riba. Interest/riba is a major sin in Islam. AlmirColan Do you have a bank account?
Sir With all Due respect I want to ask some question?
How will you define Ownership of an asset?
Ownership is simple to have the power to whenever finish your asset or to keep it for as longer as you want. Simple
So I think we do have the ownership of the asset.
2nd. Nowadays Even banks are using digital transactions to even pay for the bills and groceries so in your opinion that would not be real money also?
Sir Times has changed
People are being the owner of multiple things just by paying online without even having that asset or giving cash having each other side.
Bagus betul rasanya sekarang ni bila sedar boleh trading bila2 masa 24/7. Tak perlu tunggu hari yang sesuai. Baru sedar beberapa hari lepas. Mungkin urusan kewangan tu pada hari bekerja sahaja. Ps.. jangan tinggal phone anda merata rata tempat sekarang ni.
jazakAllahu kheyr brother
Is it haram then?
Good explanation my brother
Jazaakumullah khairaa
❤❤❤may Allah bless you and all Muslims all over the world ameen
But, the question is still there. Many people do spot trading on forex using funded accounts without using leverage. It is halal !?!
Funded accounts offer 1:2 leverage also , then how its form of Spot Trading?
Very informative. Please also talk about investing in stock market and sukuk.
After Long time I finally take decision to do forex trading but now this video suddenly infront of me. Alhamdulillah. Allah safe me from haram. But crypto currency trading is halal right?
Thank you sheikh what of crypto trading??
Salaam u alaikum I Just subscribed after watching this video!
Exactyl!, most trading is not owning the asset & only speculating. The only halal trading is that of the "Stock" market if you buy stocks with your cash into your wallet and sell them later but all the other types though they multiply money very fast, they are all buying the right to benefit but not the asset and interest-based with lots of haram things
there's no skill involved in gambling but forex needs skills. Most people are trading spot forex.
What is spot trading ?
Once you use leverage, it is no longer halal. You cannot trade with money that you do not own
@@aletha18 scholars love to find haram in everything.
@@Sangeer-sd2dn and people of ignorance tend to turn away from the truth. May Allah guide all of us
@@aletha18 people of ignorance tends to create confusion and make life difficult for others...
Thank you, and TH-cam money is haram, the ads have music and women
What about the cheque And demand draft which we use in out day to day life...? Even these are the contracts between me and bank.
ٱلسَّلَامُ عَلَيْكُمْ what about buying into a stock without leverage ?,
Amir considers Crypto halal since he himself is into crypto (check his website) but since he doesn't do spot forex it's haram. In my opinion crypto is more on the side of Haram as it has no government backing while currencies do.
@@shahnawazaziz7806 I actually don’t support crypto or Bitcoin at all - I don’t consider it something that we as Muslims should be involved in. Bitcoin 101 as a course explores that idea and concluding episode spells this very clearly.
Thank you brother.
All speculation, trying to predict where you can loose money or make money or are charged interest fees it's always haram.
Exactly
Barak allahu feek.
It's about bid and ask spread!
to those who are winning over 50% consistently are traders , but anyone who is losing money consistently are speculating and gamboling and that is how i see it.
What about trading commodities with currency? I.e. gold with USD.. is it consider haram? Appreciate your explanation? Thanks
its Haram unless you have the possession in hand of gold .
@AlmirColan
Please does this apply to crypto currency spot trading? Can you kindly make a video on alternative halal trading that's permissible? Thanks.
First, stock markets. Second, futures market "hedging" on intentions of protecting your assets you own or assets you "confirm wanted to own physically in the future" from price volatility.
Jazakallah sir
I'm thinking of getting into investing but feel a bit lost and confused. Any friendly advice or contacts you recommend for guidance?
It's a wise idea to seek expert advice when you're setting up an investment portfolio because it can be a bit complicated.
Getting advice & guidance from financial experts like Alana ringberg to adjust your investment is a wise move.
Wow. You know her too? I lost a lot of money as a beginner until I saw Mrs Alana ringberg She on CNBC. She's been managing my portfolio with good returns and I appreciate her sincerity and genuine services
So you guys also familiar with her? Whoa! She is amazing and the reason my spouse and I possess our own home and car
I was so skeptical when I saw testimonies about Alana but I gave her a try. She has been making good returns for me since I started trading with her
Us who have participated we need to do repentance 😢😢
Do asap