answersLogoWhite

0

Forex trade when it is done physically on the spot is Halal and permissible. Any profit earned from such trade is also permissible. Online forex exchange where people buy and sell different currencies online without actually acquiring physical possession is not allowed according to many scholars.There are many brokers out there such as instaforex,Greenvault FX,yadix, etc.. who are offering islamic swap free account to islamic traders.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

Is forex currency trading halaal?

By halaal I'm assuming you mean to ask if it complies with the Islamic law. Some forex brokers have set up Islamic accounts specifically for this purpose. They are know as Islamic or Swap free accounts. The basic premise of the "islamic-safe" type of forex accounts comes from Shariah law interpretation that muslim cannot receive anything in return for giving. This means no interest can be given or received on any financial account.


Forex trading For Beginners Online?

Forex trading For Beginners Online


Forex Trading Companies In India?

Forex Trading Companies In India


What is the managed forex?

"The Managed Forex has to do with trading.


What companies produce Forex trading guides?

The companies that produce Forex trading guides are Oanda, FXCM, and Investopedia. Forex trading guides help an individual with beginner trading strategies.


Top Forex Trading Companies In India?

Top Forex Trading Companies In India


Best Forex Trading Platforms In India?

Best Forex Trading Platforms In India


Best Forex Trading Platforms India?

Best Forex Trading Platforms India


Where can a person find the latest Forex trading news online?

The latest Forex trading news can be found online from many specialized sources. One example is Forex-Experts, which provides regular updates on Forex trading.


What is one Forex trading company?

One Forex Trading company is a company that offers world wide trading. It offers online trading and mobile trading. Forex also offers many charting packages.


When did ACM begin trading in Forex?

ACM began trading in Forex, or foreign exchange, in 2004. Forex is trading currencies from different foreign countries against each other. There are many benefits to Forex trading, such as the 24 hour market and low transaction costs.


Are mentoring Forex Trading Signals programs worth it?

When you are selecting a forex advisor for trading, you should select that advisory company who has a good reputation in the market. And also Forex trading depends on the efficiency and analysis of your forex signal advisor.