Is Forex Trading Allowed in Islam | Halal or Haram

Is leverage haram? (trading)

Tell me if I am wrong but is riba borrowed money with to pay an additional loan?. If so then is leverage haram? Because yes it borrowed money but you don't pay an additional loan/interest

Edit; https://www.youtube.com/watch?v=v-bcYZxRxCM at 3:25, he says using margin is no interest or fees if day trading, so it's just borrowed money and when you close your trade then the money is back to the brokerage which means you only borrow money, no fees or interest. It is halal then? And this is obviously with trading on non-haram companies.
submitted by ShirazIbrahim to islam [link] [comments]

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This forex trading speculations are to acceptable in the law of Islam. In conclusion, the answer behind the question if forex trading is halal or haram is a difficult one to tell. Various forex trading systems contradict the laws of the Islam while some individuals disagrees with the statement. Ruling on online Forex margin trading Assalaamu alaykum Is online forex margin trading halal or haram My question might be cleared by the following example I trade currency via an online trading platform If I want to buy 100000 USD 1 lot I only need 1000 dollars as margin to make the trade It is called leverage I will get profits or losses regarding to my transaction if I buy then the price Riba arises in forex trading in two ways: First, margin trading, which basically means that you are trading with borrowed money. Is it haram to borrow money and use it in trade? No, it is not. However, it is haram to borrow money with the condition that the money is used to purchase something from the lender. Margin trading is not permissible for a number of reasons. Firstly, because it entails entering into a interest-bearing contract with the broker. “The Messenger of Allah, Allah bless him and give him peace, cursed the one takes interest, the one who gives it, the one who writes [the contract], and those who witnesses it.” (Muslim) I was a Forex trader for some time, and after long rounds of research I became very convinced that it’s Haram and I stopped it. Most of the arguments out there about the permission of Forex in Islam focus only on the resolved conflicts, not the pe...

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Margin Trading: is it halal if they charge 0% interest?

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