Is Forex Trading Halal or Haram?

Is Forex halal, and what is the Islamic perspective on trading currencies? While currency exchange occurs in various forms, such as spot transactions for institutions or personal use when traveling, we focus on the most prevalent method today: Forex trading through contracts for difference (CFDs).

If you've seen ads by popular platforms or influencers inviting you to their "get rich quick" courses on learning how to trade Forex, this is the way they are doing it-via contracts for difference. Additionally, you might have noticed that these same platforms often offer Islamic forex trading options that supposedly avoid interest. But the question is: what really happens when you engage in forex trading on these platforms, and are you actually buying anything at all?

Tune in to understand the nuances and Shariah considerations when it comes to forex trading and whether Islamic options are any better than conventional ones.

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[muhammedshefeeque]

Today I have finished an online trading course by spending USD 750, and sacrificing one and half month's of my time, 1 hour travelling and studying at nights. However, after watching this video I am convinced that online trading or forex trading with margin or positions is haraam. Brother Almir, Jazak Allah for this video. I have decided that for the sake of Allah, I will not participate in this business which is not permitted. I am so grateful that I watched this video

[osamabinstackin]

Sadly many brothers, are promoting this form of “trade” to the youth as way to gain financial freedom, whilst also pushing a scholars opinion, just to sell courses and signals.

[Meowww]

Respectfully i disagree sir . Most of the people who lose money in forex are greedy people who treat forex as gambling . If you know technical analysis and smart money concept/ ICT, you have better chances of winning as they focus on liquidity and where big banks sell or buy.

2) Secondly, the forex algorithm is the picture of whats happening to currencies in real life . There is a separate community who trade fundamentals. Lets suppose Iran and Usa war starts .. It will impact basket currencies of USD as well as Oil and Gold . So if its artificial, then how come it moves when something big is happening in world ..

3 . If stock market are allowed in islamic world ... Then why people have problem with forex ..

[asiangamers]

Haram is haram... When we died, we have to answer. About our wealth.

[nasrullahkhan]

Thanks a lot sir.

These days i am taking interest in learning about forign exchange trading etc. but apar from that i had had some doubts about fx trading as if it is not sharia compliant. Sir almir colan has simplified and clarified today mashallah.

Sir you are doing a wonderful job and keep it up.

Mashallah

[salimjuma]

I was really deep in learning this thing but finally Allah just sent this video. I believe this is not coincidence but Allah is using brother Almir Colan to save me.
May Allah reward you. Jazakallahu-Kheir.

[ahmedalshalchi]

May Allah bless you bro Almir Colan for this lovely simple knock down the tricks of fake digital money business and show what is HALAL and HARAM in ... Please do more of these short briefing of this sector of business ...

[tariqvlogs]

4:46 some people enter forex trading as if it’s a casino and gambling like buying a slave some sort off, and some they analyze the markets brother they put hard work into the craft, don’t put a wrong image of trading for the new people, you must know ( fvg, bias, Bos, liquidity sweep, fvg2, ICT SMC ICC ZO and the triangle strat and sometimes fvg 3 might accure ) if you don’t know any of these then you might went gambling too sir respectfully, are you saying all of these examples of gambling I asked so many sheiks before I start my journey and all of them approved with happiness how come you say it’s gambling ? I disagree with you, example if someone is not a professional doctor he doesn’t know his work and entered a open heart surgery then he’s playing and gambling with the human life’s, but if he’s professional the success rate of the surgery will be higher .

[muhammadisyaku]

I have spending alot of dollers for learning and im still learning and i got some benefit in trading but for the trust im in tiers after watching this video may ALLAH forgive us 🤲

[HaroonShah]

I have invested 5 months deep into learning Forex and made some future decisions with Forex business, but somewhere in my head, one thing was really disturbing from the start when I came to know that we are not purchasing or selling anything, which means there is not any value rather than just speculation to earn money.
I watched lots of videos but not any single shiekh said That CFD is halal.
Alhamdulillah, my concept is clear: my Rizq is not depends on Forex or If I do Forex, then only I will be wealthy, but Allah is raziq. If Allah wants to give me anything, surely Allah will give me any other Halal means!

[egalabdi]

May Allah bless you brother Almir. I wanted to start this course

[naqiabbas]

No hating, just wanna say that one shouldn't follow a different scholar on every opinion, if you follow a certain scholar, follow their every judgment. And secondly forex is smth considered halal by the majority since it is not betting or gambling and definitely not even close to a get rich quick scheme. Always do your research on smth and so it of you are certain with yourself. If you doubt smth, don't do it, make sure you sre certain. May Allah guide us all and help us in our efforts to earn money in Halal ways and use it to support our religion. Salamualikum.

[Uthman_Muhammad]

Waaleikum salam warhmatullahi wabarakatu ma shaa Allah Allahumma barik. 😊

[TraderSD]

with due respect sir every business module has their Halal way and the Haram way of doing it, but you are sharing here just the haram way of doing forex, and declaring whole business module as a Haram Business. I would be looking forward for you to also share the Halal way of Trading forex. Jazaakallahukhaira

[Elhabib]

Forex is not a bet on a decrease or increase. It’s a percentage math calculation. No matter the down or up, an experienced trader always wins. But there is a lot of truth in this video about brokers.

[CreativeArtistz]

Sir With all Due respect I want to ask some question?
How will you define Ownership of an asset?

Ownership is simple to have the power to whenever finish your asset or to keep it for as longer as you want. Simple
So I think we do have the ownership of the asset.

2nd. Nowadays Even banks are using digital transactions to even pay for the bills and groceries so in your opinion that would not be real money also?

Sir Times has changed
People are being the owner of multiple things just by paying online without even having that asset or giving cash having each other side.

[loftyparagon]

More debt = less demand = slow economy/recession.

[AlmirColan]

Is Forex (CFD) Trading with Strategy Halal?

[shahnawazaziz]

Amir considers Crypto halal since he himself is into crypto (check his website) but since he doesn't do spot forex it's haram. In my opinion crypto is more on the side of Haram as it has no government backing while currencies do.

[mtukur]

Jazakallahu bi khiar, what can you say about Trading propfirm? Where the Risk is only on one side. You only get paid for your performance and even if you fail you only lose the challenge fee