Due to a lot of confusing answers I would request for a clear answer please to my question: Is forex trading halal from an Islamic account which is swap-free? Please clarify your specific problem or add additional details to highlight exactly what you need.
See the How to Ask page for help clarifying this question. If this question can be reworded to fit the rules in the help center , please edit the question. Let see definition of Forex from Wikipedia:. The foreign exchange market forex, FX, or currency market is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. If it's for trading it's permissible for Islam. Generally Muslims see Forex halal supporting with this hadith: I am getting this from islamqa.
If the types are different then sell however you like, so long as it is hand to hand. However, buying stocks from companies which are selling or providing non-Islamic products is not permissible.
Like buying stocks from alcoholic beverage seller:. The one who presses it, the one who has it pressed, its drinker, its carrier, and the one it is carried to, its server, its seller, the consumption of its price, the one who purchases it and the one it was purchased for. Questions Tags Users Badges Unanswered. Islam Stack Exchange is a question and answer site for Muslims, experts in Islam, and those interested in learning more about Islam. Join them; it only takes a minute: Here's how it works: Anybody can ask a question Anybody can answer The best answers are voted up and rise to the top.
Is forex trading halal from an Islamic account? Possible duplicate of Is buying or selling forex, commodities and stock indices halal in Islam? Hello and welcome to Islam.
It would have been best if highlight what is confusing and detailed your findings. Let see definition of Forex from Wikipedia: Like buying stocks from alcoholic beverage seller: Narrated Anas bin Malik: Assalamualaikum, Jazakallah khair for ur quick response. Actually i am totally new to this forex trading industry, i started it online a few days ago with an intention of making some extra income for my family i am a doctor Alhamdulilah. Now, i have started trading and choose permissible products like gold,silver, agriculatural products and currencies mainly usd,euro,.