Islamic Finance – FOREX Trading: Halal or Haram by Sheikh Hacene Chebbani

Problems in Forex trading from Islamic perspective:

  1. There is a link between financial leverage and misallocation of economic resources
  2. A combination between a loan and a trading in one transaction
  3. The forbidden to sale what you do not own
  4. The charging of interest to the margin account if the trader holds and opens position overnight (this is the only issue that was solved)
  5. No physical delivery.

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