Category Archives: forex in islam

forex in islam

Is it permissible to deal in currencies in the foreign exchange market (forex) over the Internet? What is your opinion regarding the issue of tabiyeet (stipulating interest for not using the deal at the same day)? What is also your opinion about the clearing process which is to delay submitting one to two days after the contract ends.

Posted on March 11, 2012 by admin

Is it permissible to deal in currencies in the foreign exchange market (forex) over the Internet? What is your opinion regarding the issue of tabiyeet (stipulating interest for not using the deal at the same day)? What is also your … Continue reading →

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Ruling on dealing in currencies in the FOREX system and paying fees for delaying the deal

Posted on February 21, 2012 by admin

Ruling on dealing in currencies in the FOREX system and paying fees for delaying the deal Is it permissible to deal in currencies in the foreign exchange market (forex) over the Internet? What is your opinion regarding the issue of … Continue reading →

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Salaams. Can i trade Forex? (ie) buying and selling currencies. The trading is during a period of a single day. Is it halaal to trade these currencies?

Posted on November 16, 2011 by admin

We are busy researching forex and are having discussions with their administration on the matter. and Allah Ta’ala Knows Best Mufti Ebrahim Desai FATWA DEPT.  

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