Excellent explanation. I watched alot of videos on Forex and was confused on some points but after watching this video Alhumdulillah those cleared now.
Thank you for the information Please allow me to adjust a few things There is a difference between currency trading and margin trading Forex is just trading in currency with 100% own funds Margin trading and drivitaves that is when you leverage your money. A big difference
If you buy 1 lot of EUR/USD with your own money, you are actually buying 1 contract of EUR/USD. You are not purchasing 100,000 Euros or USD. Just a contract. Your money is kept as margin (security deposit) with your broker. After you close the deal, the profit/loss is adjusted on your broker account and your remaining margin (+/-) is released.
The broker i use has no leverage at all, I deposit my moeny however much i need and can trade with lowest as $1, is this halal with nonborrowing money or giving profits/ the percentage i make
9:35 you may not take physical ownership of the currency but you can still keep it as long as you want since you bought it ... Correct me if am wrong..
I kinda agree. "Leverage" here just means "access". Its like having keys to open a door. The key is the leverage. U cant use that key to go buy a house because its just a key used SPECIFICALLY for the purpose of taking a position in a market.
I think its important to distinguish between form and substance here. In form its called "leverage" but in substance its not a typical debt. If u go to a bank and say "leverage" they will give u cash to buy something that u cant afford. Thats leverage in the typical meaning of the word.
Shaykh on that basis that the paper money also falls in the same category. Because the paper money guarantees you a sum vs gold value, which one is never able to withdraw..i.e you wouldn't have true ownership of the underlying value of the paper money.
The whole paper money is illegal as it derives value from nothing. US dollar is backed by nothing. Infact, US dollar gets its strength from oil and the world's imports and exports made in dollars. Dollar does not hold its value in itself
Loan has specific definition in Islam you have it and whatever you want you can with it but leverage it is not a loan because you didn't have it, it's only a tool that enables you to open large positions
On your first point about speculation. Speculation is short term and gambling. There's no guarantee that the price will rise/fall. One is predicting which way the currency price will move with no guarantee. You either win/lose. This is betting/gambling. If you exchange money and keep it long term and hopefully exchange it back for a profit is "investing". Investing is long term whereas trading is short term.
@@ardingocarloente6309 when you make an investment, is your intention to sell that investment in a few minutes , hours or days? If not it is it's not investing rather trading.
so for the hard heads here. you need "OWNERSHIP" to be able to trade forex. however, there are halal brokers out there that allow you to trade without interest, but do they give you 'OWNERSHIP?' no! so stop trading and find other ways.
@@ldnzz It depends on country to country, for example in India, we get full ownership of the currency at the very spot, here brokers does not have rights to store someone else's currency
@@卂卂乇丂匚乃卂尺 yes, we do! But I suggest not to because Forex market is India is pretty illiquid, you may hold a position and sometimes you cannot get out because there are not alot of buyers and sellers like the western countries
Salam, Alhamdullilah, now that we know our stands on FOREX trading in Islam. I have to questions 1. Pls what about synthetic trading ( boom, crash & volatility ) 2. Also pls there are some platforms that you don't need to trade you just invest, some are clear that they use this investment to trade and in turn they are able to pay their investors ROI while some you just invest. So pls I need clarification.
Unfortunately i saw an advertisement in between this video, and it was about a game that involves money, u get money if u win , it's called 'mpl'. U may be not aware of such advertisement coming in your video. Please consider. May allah protect all of us from haram money.
Hello, the advertisement algorithm is based on your past searches. It could be that you typed in some thing related to finances, money etc and those advertisement pops up
@@billhp yes but it mostly depends on type of content more. Like this video is about forex so the ads will be mostly business related. Such as cooking videos will mostly have cooking ads.
@@billhp yeah but they are still shown on his channel, as far as I know if he says that it is haram then the ads are also haram so the scholars technically is benefitting from something haram.
brother , i started buy and sell on forex . but i lose 2000$ . i did not get any profit. i broke the law of islam . kindly advise it will be harm for me. i decided to stop now
Stocks is speculation when you don’t have a proven strategy, if you have a strategy that’s proven to be profitable within a stock you’re guaranteed ..so how would that not be permissible?
Trading stocks could be speculative when you do not calculate the risk Profit is never guaranteed You have speculative stocks Growth stocks Yeald stocks You have speculative stocks And defensive stocks Of course there are a lot more types of stocks
Shaikh do you know about the devaluation in currency when you get back your loan as the loan is not in the form of Gold or Silver coins nowadays? Please study DEVALUATION in currency.
My failure to understand is that if I do my trading on a platform without any broker using my money and it's still Haram. I don't pay any loan but I lose or gain using my money???
1:1 means no leverage. However, if it is more than 1, then it is leverage, which is not allowed as with leverage you do not get the ownership to the stocks or assets.
Salam, I have a question about my PhD , how can I contact sheikh please , I would like to ask a question about mixed martial arts. It is more of a fiqh question. There is a psychology branch called sports psychology. Psychologists of this branch mostly counsel athletes and help them perform better by improving their mental game/toughness. Mma, as long as I know, is not allowed in Islam. Is counseling the athletes of this field for their better performance permissible? Thanks...
what about limited exchange ? example you make a fix price when to sell web it goes high st the vvalue you think it may go, and a minimum price when you think you want to sell so you dont loose all your money
I have a question, if I have online business / eCommerce and I set up my website on shopify. Then I set up the payments method that I can choose whether it’s debit card only or credit card only or paypal only or whether all of them. the customers purchase the products with their debit card or paypal or credit card. But most of the customers just want to purchase the products with their credit card. Is this permissible to take the money if they purchase products with their credit card? Jazakallah Khayr 🙏🏻
there's islamic accounts used aswell and you can use without leverage and no intrest and as you said cash it whenever you want and you have full control of your money
whoever gives a loan for the sake of Allah. Allah will give him 50% of it as a charity. Alhamduillah! Came here looking for some answers on investments going back with another idea.
In malasiya is illegal to trade forex that is due to the reason given in the videos. Malasiya has the best traders in the entire world Therefore there are shariah complaint accounts which must be used in order for them to trade legally There are shariah complaint trading brokers which should be looked into
@@ggtl304 world wide actually , is called using islamic accounts from vantage or avatrade, ig and so on but be aware that it will be costly as they are removing intrest but charging commission usually more than The average. Like your leverage will not have intrest charges basically like normal accounts do
@@usmanriaz5310 I think the main issue: the timing of exchange. is there any gap time or is it real time?. let say dollar US and yen japan is exchanged. if I spend dollar will I get yen japan in the next second or do we need to wait one hour, two hours or 24 hours? So, what happen when we use shariah trading brokers? could you explain
@@ultiumlabs4899 bro spot forex is the answer execution in live time up to now only found audacity capitol and looking for more brokers who can provide that
@@usmanriaz5310 I see.. So not anyone could join spot forex but only specific broker allowed for that, so we need their service. Ok if that's the case I think it's compliant with shariah rule.
Jazakallah Sheikh, does this also apply to stock market? As we dont owned the ownership of e company and also speculate e stock market. As for laverage, it also applied to stock market. Thanks.
In the stock market, you must get the number of shares in your name. After this, you can sell them. No short selling is allowed. When you use leverage, it is similar to forex as you don't own the stocks and only speculating that the price may go in your favor and you will earn x times the profit. Hence, buying stocks through leverage is also not permissible.
For those of you who are still confuse let me tell them Forex trading is Haram, please see the sahi Muslim Hadith 3845. For those who are confuse I can help them in understanding why its Haram.
@shaykh pls you did mention that it is permissible to exchange currency and keep if one foresee a profit, i would like to know more about that, because in my little thought that should he hoarding and i think that is also Unislamic.
people can hold money. that is the point of you paying zakat. if you hold a certain amount too long then you pay that minimum 2.5% on it and it becomes halal. dont be the haram police on everything.
Loan give back with no extra money no problem and how about spread.? Spread is forex company get profit from it.loan with swap is riba. How about no swap sistem.? And spread is what forex company get profit for sure.
cryptos are different as when you actually purchase crypto on an exchange, the coin (actual asset) is yours and you can take those coins out at your discretion so you own as soon as you pay for it
@@KBani i personally think investing in BNB is not halal because Binance offer futures and leveraged market which are not permissible in Islam. Acquiring BNB is probably halal as a utility token just to consume it on the platform.
@@MV-sy9bz Yes, futures in Binance is considered to be haraam. But what about spot trading in which I can buy BNB and sell the BNB at a later time/date at a higher price? Many thanks for your comment!
cryptos are different as when you actually purchase crypto on an exchange, the coin (actual asset) is yours and you can take those coins out at your discretion so you own as soon as you pay for it
Nope its not because day trading is mere speculation, the stocks should be buy with the niyyah of makingprofit from the companies annual revenue so from my perspective atleast keep the stocks for a single quarter after that u can sell it anytime , because u have participated in a loss or profit from companies performance
Nabeel Hasan on Trading212 app ISA account, if you buy shares from someone like JD Sport says 10 shares for £50 & after a week they have gone to £6 a share & you sell them so you got £60 now - any fees etc is that allowed in your opinion
that is not true. on the spot means you change hands. so as long as you technically get the ownership at the time of payment then it is still spot trading. Can't do futures
@@MV-sy9bz Using credits means that you borrow money of other people to buy it. You get into debt to buy gold and gold is money itself in Islam. You can't buy money with debt. This is prohibited.
That's not the point here. He did mention speculation on the profit and loss (gamble) but also said that he doesn't feel it plays a role in it being haraam since obviously if you really know how to trade then you will make a profit and those that don't know or know little will make a loss (simple business rules). His point here is ownership.
why do we take a loan from others? To do business or make money.we repay the loan when we are able to.leverage isn't real & we don't own it.we don't pay for this leverage, it's not useable in real life.
May be they were made for speculation, but u can never profit from them with speculation, so why is it still haraam? And many brokers offer interest free margin so where is the riba?
Derivative trading by its very nature is a form of gharar. It’s a zero-sum game where you’re “betting” that the value of the underlying security or asset in question will go up or down, while the person on the opposite side of the transaction is betting the opposite. If you profit, by necessity, the person who bought or sold the derivative lost money, and vice versa.
Please reply brother!! If I am working for a firm as a forex trader and I am not risking my money but with the use of proper study of a forex market I am providing good profits to the firm and earning from the profit sharing; is the money which I am getting from working for the firm on their provided fund is haram?
Hello Aisha, yes its Haram. I did Forex for two days and realised its haram. I have reference with hadith as well. I hope I can help you in clearing your confusion
@@shamilkiyas4669 yes tell me please whats your confusion ? Its not the real trading as it should. They aren’t buying or purchasing any item. It doesn’t even exists
As Salamu alaikom. This means that Earning money on currency trading is ok. Forex is not Alhamdulillah. This is important because most people have their money in bank, receiving interest from it. It is much better to trade currency and stocks
I was always looking to find out about Forex and Leverage. Thank you Sheikh, now it is clear as crystal.
So brother is it halal to do forex trading
@@ziabulislam777 no it's haram
@@madaraff2038 why
@@nade143 you are not buying A currency it's gambling
@@madaraff2038you are wrong. Please listen well. The trader is buying at exactly market price online.
I never see anyone who is explain like this.
You really explain in the good way. JazakaAllah
Jazakallah Shaikh. I have been researching for hours and this video satisfied me. Alhamdulillah.
Excellent explanation. I watched alot of videos on Forex and was confused on some points but after watching this video Alhumdulillah those cleared now.
Allahu Akbar, masha Allah may Allah subhanahuwatala'ala reward you abundantly.
Min 4.38: I finally understand what is riba. Shukran
Thank you for the information
Please allow me to adjust a few things
There is a difference between currency trading and margin trading
Forex is just trading in currency with 100% own funds
Margin trading and drivitaves that is when you leverage your money.
A big difference
Sal S 👌
@@sals4492 but leverage is optional
@@sals4492 Leverage has never been compulsory
If you buy 1 lot of EUR/USD with your own money, you are actually buying 1 contract of EUR/USD. You are not purchasing 100,000 Euros or USD. Just a contract. Your money is kept as margin (security deposit) with your broker. After you close the deal, the profit/loss is adjusted on your broker account and your remaining margin (+/-) is released.
The broker i use has no leverage at all, I deposit my moeny however much i need and can trade with lowest as $1, is this halal with nonborrowing money or giving profits/ the percentage i make
9:35 you may not take physical ownership of the currency but you can still keep it as long as you want since you bought it ... Correct me if am wrong..
having a levrage dosent mean its a loan cuz it cannot be use freely or withdraw from it . ithik is part of the process where both side gets benefit
I kinda agree. "Leverage" here just means "access". Its like having keys to open a door. The key is the leverage. U cant use that key to go buy a house because its just a key used SPECIFICALLY for the purpose of taking a position in a market.
I think its important to distinguish between form and substance here. In form its called "leverage" but in substance its not a typical debt. If u go to a bank and say "leverage" they will give u cash to buy something that u cant afford. Thats leverage in the typical meaning of the word.
10:15 Forex not allowed
Sheikh please can you discuss about the evils of zina and why its wrong? People need to learn about this espicually in this day and age
We know why it’s evil
Shlaafu even though it’s not rocket science, some people should be thoroughly informed of how serious it is.
Mail your question in AskYQ@epicmasjid.org
Insha’Allah you will be responded.
Shaykh on that basis that the paper money also falls in the same category. Because the paper money guarantees you a sum vs gold value, which one is never able to withdraw..i.e you wouldn't have true ownership of the underlying value of the paper money.
The whole paper money is illegal as it derives value from nothing. US dollar is backed by nothing. Infact, US dollar gets its strength from oil and the world's imports and exports made in dollars.
Dollar does not hold its value in itself
paper money has no value??????.....
@@sugarnado8468yep... you do not owned the value, the value it put by a economy of the respective currency it self (pepper money) ...,
Loan has specific definition in Islam you have it and whatever you want you can with it but leverage it is not a loan because you didn't have it, it's only a tool that enables you to open large positions
On your first point about speculation. Speculation is short term and gambling. There's no guarantee that the price will rise/fall. One is predicting which way the currency price will move with no guarantee. You either win/lose. This is betting/gambling.
If you exchange money and keep it long term and hopefully exchange it back for a profit is "investing". Investing is long term whereas trading is short term.
Investing is either short term or long term they both can go up or down
@@ardingocarloente6309 when you make an investment, is your intention to sell that investment in a few minutes , hours or days?
If not it is it's not investing rather trading.
JazakAllah Respected Bro to make it very clear
It is halal or haram online trading? Can you tell me
@@hamzaayan3187 halal definitely
@@sultanzamin6310 thanks for reply
@@hamzaayan3187 Crypto can/halal, Forex cannot/haram
@@sultanzamin6310 it's haram
😭😭😭😭thank u
The years of ignorance and haram may allah bless me
It should be margin & leverage free
The trade has to be on the spot(instant)
Hand to hand
Instant with own money
so for the hard heads here. you need "OWNERSHIP" to be able to trade forex. however, there are halal brokers out there that allow you to trade without interest, but do they give you 'OWNERSHIP?' no! so stop trading and find other ways.
How do you not own it? You can deposit the money straight in your bank account. And you can do all of that without leverage.
Are also a trader?
Your broker owns the foreign currency you’re trading with. They ‘leverage’ the amount you put into your trading account. 1:500, 1:400, 1:200 etc.
@@ldnzz It depends on country to country, for example in India, we get full ownership of the currency at the very spot, here brokers does not have rights to store someone else's currency
@@卂卂乇丂匚乃卂尺 yes, we do! But I suggest not to because Forex market is India is pretty illiquid, you may hold a position and sometimes you cannot get out because there are not alot of buyers and sellers like the western countries
10:15 Forex not allowed.
Salam,
Alhamdullilah, now that we know our stands on FOREX trading in Islam. I have to questions
1. Pls what about synthetic trading ( boom, crash & volatility )
2. Also pls there are some platforms that you don't need to trade you just invest, some are clear that they use this investment to trade and in turn they are able to pay their investors ROI while some you just invest. So pls I need clarification.
Kindly reach out to him directly on his WhatsApp for guidance👇
+. 4. 4. 7. 4. 4. 0. 1. 1. 0. 1. 5. 8
Please share the answer you got on this
I'm a Moslem investing in a platform... Comfortably waiting for ROI.
@@ItzFahd name of the platform
Masha Allah ❤
Unfortunately i saw an advertisement in between this video, and it was about a game that involves money, u get money if u win , it's called 'mpl'. U may be not aware of such advertisement coming in your video. Please consider.
May allah protect all of us from haram money.
Hello, the advertisement algorithm is based on your past searches. It could be that you typed in some thing related to finances, money etc and those advertisement pops up
Bilal Noor exactly! Jazaaka Allahoe khayran
@@billhp yes but it mostly depends on type of content more. Like this video is about forex so the ads will be mostly business related. Such as cooking videos will mostly have cooking ads.
@@billhp even, making profit of haram advertisement is halal or haram?
@@billhp yeah but they are still shown on his channel, as far as I know if he says that it is haram then the ads are also haram so the scholars technically is benefitting from something haram.
Assalamualaikum, please enlighten us investing in cryptocurrencies.
Salam yasir qadhi please could you do a talk about the journey of the soul and about the angels that come at the time of death thank you.
He has already done that in his th-cam.com/video/kXX5MPMd_mc/w-d-xo.html
Oooooohhhh thx just watched it nice
what about islamic Accounts that provide 0 % interest fees on leverage
Thank you 😊
Jazakallah khair..
brother , i started buy and sell on forex . but i lose 2000$ . i did not get any profit. i broke the law of islam . kindly advise it will be harm for me. i decided to stop now
Stocks is speculation when you don’t have a proven strategy, if you have a strategy that’s proven to be profitable within a stock you’re guaranteed ..so how would that not be permissible?
Trading stocks could be speculative when you do not calculate the risk
Profit is never guaranteed
You have speculative stocks
Growth stocks
Yeald stocks
You have speculative stocks
And defensive stocks
Of course there are a lot more types of stocks
Nasr Nasr Yeah true
Very useful channel th-cam.com/channels/grsr-hW1F7UmH320z3q-1Q.html
Why would I trade 20 g rice for 20 g rice 🤔. How does that even make sense
Righttt that did not even make sense😔
Different types of rice for example.
But normally nobody trading 20gr.
It depends on time and rate
In a similarly way fx work but you can't say it haram
Why would you invest $5000 in forex and end up getting nothing
20 gm rice in exchange of that exact value of money (for e.g 20 gm rice = 2₹)
Salam guys is ftmo halal it’s a prop firm that gives money to you and you trade with it but you don’t pay them back but you share the profit ?
As Salam Alaikum Sheikh. What about stock exchange? Is it permissible in Islam and what are the rulings?
Waslm... Stock is permissible as long as it is in halal companies
Shaikh do you know about the devaluation in currency when you get back your loan as the loan is not in the form of Gold or Silver coins nowadays? Please study DEVALUATION in currency.
Thanks a lot br yasir
My failure to understand is that if I do my trading on a platform without any broker using my money and it's still Haram. I don't pay any loan but I lose or gain using my money???
The main concern here is leverage... What happens when I trade with a Leverage of 1:1????
1:1 means no leverage. However, if it is more than 1, then it is leverage, which is not allowed as with leverage you do not get the ownership to the stocks or assets.
No one trades forex 1:1 though because it’s a waste of time
@@leun6768 depends on your capital
Could you please do a program on stock trading? Jazzak Allah Khair.
Salaams, i have found information resource on islamic finance guru website ifg.com (uk based)
No one talk about spread. Maybe next 10 year.
what about it ?
Spread mean the percentage on aloan right? He already mentioned it! Its Riba which is Haram
what is the Islamic view on digital marketing agency?
Salam, I have a question about my PhD , how can I contact sheikh please ,
I would like to ask a question about mixed martial arts. It is more of a fiqh question. There is a psychology branch called sports psychology. Psychologists of this branch mostly counsel athletes and help them perform better by improving their mental game/toughness. Mma, as long as I know, is not allowed in Islam. Is counseling the athletes of this field for their better performance permissible? Thanks...
I think his official email is yqadhi@gmail.com
what about limited exchange ?
example you make a fix price when to sell web it goes high st the vvalue you think it may go,
and a minimum price when you think you want to sell so you dont loose all your money
I have a question, if I have online business / eCommerce and I set up my website on shopify. Then I set up the payments method that I can choose whether it’s debit card only or credit card only or paypal only or whether all of them.
the customers purchase the products with their debit card or paypal or credit card. But most of the customers just want to purchase the products with their credit card. Is this permissible to take the money if they purchase products with their credit card?
Jazakallah Khayr 🙏🏻
are you dropshipping brother? 😄
Selling something you don't own, haram
@@faheemiqbal2425 halal
It can be happen without loan, it depends on owners wish. After transaction owner can cash it right way. This condition what will be the ans.
there's islamic accounts used aswell and you can use without leverage and no intrest and as you said cash it whenever you want and you have full control of your money
what about exchange Gold to Us dollar (XAUUSD)
How do i fine the councils/ the works of the counsils them self. Just cuirious to read the work it self
Can the link to the Fatwa ref by the Shaykh towards the end of the vid, be shared here please?
The dar ul ifta one, Egypt
wa aleikum as salam wa rahmatuLlahi wa barakatuh
whoever gives a loan for the sake of Allah. Allah will give him 50% of it as a charity. Alhamduillah!
Came here looking for some answers on investments going back with another idea.
Assalamualaikum, is there any university in US specialized in Islamic Finance?
Thank uh 💕
Assalamualikom Shaykh. Would you kindly give one lecture for women salat. ie how they should do their sijda. Thanks lot.
Why?
Masha Allah
So in short forex is halal or haram according to this scholar???
Haram
if thats the case is invoice also haram? since many people pay invoice not right away, they get billed later on
Sir,
The price of dates differ each other
How it possible same quantity?
In malasiya is illegal to trade forex that is due to the reason given in the videos.
Malasiya has the best traders in the entire world
Therefore there are shariah complaint accounts which must be used in order for them to trade legally
There are shariah complaint trading brokers which should be looked into
so there is a halal way of trading fx in maleysia ?
@@ggtl304 world wide actually , is called using islamic accounts from vantage or avatrade, ig and so on but be aware that it will be costly as they are removing intrest but charging commission usually more than The average. Like your leverage will not have intrest charges basically like normal accounts do
@@usmanriaz5310 I think the main issue: the timing of exchange. is there any gap time or is it real time?. let say dollar US and yen japan is exchanged. if I spend dollar will I get yen japan in the next second or do we need to wait one hour, two hours or 24 hours? So, what happen when we use shariah trading brokers? could you explain
@@ultiumlabs4899 bro spot forex is the answer execution in live time up to now only found audacity capitol and looking for more brokers who can provide that
@@usmanriaz5310 I see.. So not anyone could join spot forex but only specific broker allowed for that, so we need their service. Ok if that's the case I think it's compliant with shariah rule.
Forex from 6:00
Is forex like gambling
Jazakallah Sheikh, does this also apply to stock market? As we dont owned the ownership of e company and also speculate e stock market. As for laverage, it also applied to stock market. Thanks.
In the stock market, you must get the number of shares in your name.
After this, you can sell them. No short selling is allowed.
When you use leverage, it is similar to forex as you don't own the stocks and only speculating that the price may go in your favor and you will earn x times the profit. Hence, buying stocks through leverage is also not permissible.
Thanks so much this is super good
What about Options trading - like Calls and Puts?
Haram
Is working as moneychanger halal? Moneychanger sells at different rate and buys at different rate. Is this ok?
What i undestand here is u can trade forex without leverage as the syekh says. Dont use money you dont have.
So forex trading daily (gbd,eur...) is haram ?
Is it allow to purchase the gold or investment in gold for men?
what about bitcoin and the fact that you have brokers that make islamic accounts possible?
For those of you who are still confuse let me tell them Forex trading is Haram, please see the sahi Muslim Hadith 3845. For those who are confuse I can help them in understanding why its Haram.
can you explain me why please
Pls. Do that
@shaykh pls you did mention that it is permissible to exchange currency and keep if one foresee a profit, i would like to know more about that, because in my little thought that should he hoarding and i think that is also Unislamic.
people can hold money. that is the point of you paying zakat. if you hold a certain amount too long then you pay that minimum 2.5% on it and it becomes halal. dont be the haram police on everything.
Loan give back with no extra money no problem and how about spread.? Spread is forex company get profit from it.loan with swap is riba. How about no swap sistem.? And spread is what forex company get profit for sure.
So it is permissible or not? Is not clear.
I'm wondering if Crypto Currency (Digital Currency) is treated as same as normal currency??
some of them are even better than fiat
cryptos are different as when you actually purchase crypto on an exchange, the coin (actual asset) is yours and you can take those coins out at your discretion so you own as soon as you pay for it
@@MV-sy9bz So is BNB trading halaal?
@@KBani i personally think investing in BNB is not halal because Binance offer futures and leveraged market which are not permissible in Islam. Acquiring BNB is probably halal as a utility token just to consume it on the platform.
@@MV-sy9bz Yes, futures in Binance is considered to be haraam. But what about spot trading in which I can buy BNB and sell the BNB at a later time/date at a higher price? Many thanks for your comment!
So that means mortgages are not allowed?
Hell no
shaykh I ave made a quite large of money from forex is that mean my money is haram
Is this the same as crypto currency?
cryptos are different as when you actually purchase crypto on an exchange, the coin (actual asset) is yours and you can take those coins out at your discretion so you own as soon as you pay for it
Assalamalaikum
What about the housing loans. What’s the ruling on the regular loan vs Islamic loan?
Islamic loan without interest is what's permissible. And Allah knows best.
Housing loans at normal banks with no Sharia law are haraam, however housing loans at sharia compliant institutions are halaal
Never give a loan to anyone, 99% you wont get it back.
depends on the person u are giving it to. pple are not the same :)
I love this analysis 😂😂🙏
I dont understand this, please someone tell me forex trading is haram or halal ??
It’s not permissible
Haram
sheikh i would like to ask about the gramfree project on cryptocurrency, if its halal or haram
you mean to say OneGram backed by Gold?
They have said it's not permissible not Haram.
What is difference?
Lol 🤣
but sir here in forex trading we are using leverage, bur we are not giving any kind of riba or interest??
Is day trading halal? If not, how many days in between do you need to consider it halal.
Nope its not because day trading is mere speculation, the stocks should be buy with the niyyah of makingprofit from the companies annual revenue so from my perspective atleast keep the stocks for a single quarter after that u can sell it anytime , because u have participated in a loss or profit from companies performance
Nabeel Hasan on Trading212 app ISA account, if you buy shares from someone like JD Sport says 10 shares for £50 & after a week they have gone to £6 a share & you sell them so you got £60 now - any fees etc is that allowed in your opinion
@@nabeelhasan6593 don’t speak when you are not a scholar
OK
What about Islamic Accounts offered?
Im not 100% sure, but i think its halal
Buying gold on the spot means that you can't buy gold with your credit card.
that is not true. on the spot means you change hands. so as long as you technically get the ownership at the time of payment then it is still spot trading. Can't do futures
if the agrreed upon contract says the asset will be transfer in future then the buyer should receive the asset of equivalent value as of present time.
@@MV-sy9bz Using credits means that you borrow money of other people to buy it. You get into debt to buy gold and gold is money itself in Islam. You can't buy money with debt. This is prohibited.
I know to analyse the market and trade without risk is it still haram ?
That's not the point here. He did mention speculation on the profit and loss (gamble) but also said that he doesn't feel it plays a role in it being haraam since obviously if you really know how to trade then you will make a profit and those that don't know or know little will make a loss (simple business rules). His point here is ownership.
@@munawarjamal4104 True. Trading is not a piece of a cake. So brother, can online trading be considered as halaal income?
so is it halal now? or?
The sheikh said it haram
Forex islamic acount halal? Please
Asalaam aleikum
Which surah and verse is that at the intro.??
Surah Nahl Ayah 43
how to ask question in this forum?
The first Hadith is a bit confusing
What the fun of exchanging equal amounts of commodities?
Like I give you 10 g gold and take 10g from you🤣
A loan is a form charity in Islam, with the benefits coming from THE ALMIGHTY ALLAH (SWT) ! A loan is not a business transaction in Islam !
why do we take a loan from others? To do business or make money.we repay the loan when we are able to.leverage isn't real & we don't own it.we don't pay for this leverage, it's not useable in real life.
plz tel me forex trading haram or halal
Haram he said that in the video, majority of views say it’s haram
I’m confused. So forex trading is haram basically and it should be a hard to hand trading to be halal?
Its halal, it is just that you should not for example sell 10 USD for 11 USD. It has to be between different currencies like USD and EUR
@@dgeg1000 watch from 10:00 he mentions its haram.
As-Salihin Productions but it’s speculation
@@ynsspot3199 i find it rediculous that when they say it is stock market is halal which both have the same factor
Forex trading haram
Is forex halal?
No
6:00
How can you trade a forex without a broker
You can’t
Is derivative trading halal?
No, OTC products are made purely for the purpose of Financial speculation
May be they were made for speculation, but u can never profit from them with speculation, so why is it still haraam? And many brokers offer interest free margin so where is the riba?
Derivative trading by its very nature is a form of gharar. It’s a zero-sum game where you’re “betting” that the value of the underlying security or asset in question will go up or down, while the person on the opposite side of the transaction is betting the opposite. If you profit, by necessity, the person who bought or sold the derivative lost money, and vice versa.
So forex trading is haram right ?
Yes
Please reply brother!! If I am working for a firm as a forex trader and I am not risking my money but with the use of proper study of a forex market I am providing good profits to the firm and earning from the profit sharing; is the money which I am getting from working for the firm on their provided fund is haram?
Hello Aisha, yes its Haram. I did Forex for two days and realised its haram. I have reference with hadith as well. I hope I can help you in clearing your confusion
Maths with Muneer can you contact me at my email javedusman0007@gmail.com i need clarification about this topic
@@MathswithMuneer please can you explain me how it's haram,
Jezakallah
@@shamilkiyas4669 yes tell me please whats your confusion ? Its not the real trading as it should. They aren’t buying or purchasing any item. It doesn’t even exists
@@javedusman2403 please contact me via me via my email
As Salamu alaikom. This means that Earning money on currency trading is ok. Forex is not Alhamdulillah. This is important because most people have their money in bank, receiving interest from it. It is much better to trade currency and stocks
@@someonenoone4u i edited. I didnt see the difference between forex and currency
I have a doubt