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Is Forex Trading Halal or Haram?

Creation date: Sep 30, 2024 9:38am     Last modified date: Sep 30, 2024 9:38am   Last visit date: Oct 26, 2024 4:47pm
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Sep 30, 2024  ( 2 posts )  
9/30/2024
9:46am
Rolladgir Rolladgir (rolladgir)

I’ve actually come across this question quite a few times, and the answer really depends on how you approach forex trading. Some say it’s halal if done in a way that avoids interest (riba) and follows Islamic guidelines. Others think it’s too risky or speculative to be considered halal. There's a good breakdown of the debate here on is forex trading halal or haram at the link below https://coinmarketcap.com/community/articles/66b633d459960d601f2cc844/

9/30/2024
9:38am
Malekmelkij Malekmelkij (malekmelkij)

I’ve been reading a lot about forex trading recently, and I’m wondering if it’s considered halal or haram in Islam. There seem to be mixed opinions on this, and I’d love to get some clarity. Has anyone here looked into this or discussed it with an expert?