we have all seen this surge of forex traders, trying to sell you a course, that may or may not work, but it doesnt change the fact its haram. theres 2 types of people who read this there is person A who will get discouraged from this video think "everything is haram" or "making money is impossible with islam" and person B who will see the opportunities allah has displayed him he's going to think "Alhamdulilah for allah's rulling, now i MUST go after halal wealth" which one do you think will suceed in the long term? if your person B, then i will give you an opportunity... join muslim millionaires, its literally single handily one of the best decisions you can make very supportive community, multiple 6 earners to network with, 20+ courses in ANYTHING so you can start stacking your skills see you inside brother: www.muslimmillionaires.com/
My brother I trade forex and I want to clear this that overnight fees is a brokerage which we have to pay to the brocker for their service. And we don't pay a single dollar for the leverage as interest. And it is not speculative income because we gain knowledge ,read books and do courses to learn it so we are not gambling may be some are doing but I don't.
Bro dont try to justify something which is dicey! I also used to do Forex but left it ! If there is even 1% doubt then leave the reward to Allah ! Period
the leverage provided is not a physical exchange of money or a traditional loan. It's based purely on a contractual agreement that allows you to enter into positions much larger than your initial cash outlay (margin). This contract gives you control over an asset without actually owning it upfront. In Islamic finance, transactions that involve excessive uncertainty ("gharar") or gambling ("maysir") are prohibited. Trading in derivatives, like futures, where the ownership of the underlying asset is not transferred at the time of the contract, can be seen as problematic from an Islamic finance perspective. This is because it involves trading in contracts for assets not currently in possession, which some Islamic scholars argue violates the principles of immediate exchange in transactions.
1. excessively risky if u MAKE IT that way, with the correct strategy, risk management, good trading psychology then what is there to worry about? Especially with funded accounts you avoid any haram matters entirely.
their is riba in forex even in halal accounts. but their are some good videoes i recommend watching them and make your decision. when you push or pull their can be riba in it, so i wouldnt risk it. their are lots of good industries but its your decision.
Funded accounts is all simulated, so interest entirely is not involved. I'm still speculating and researching on swap-free accounts on the other end@@user-zj6iz1rl8d
@@user-zj6iz1rl8d done some research on the matter, and i agree, still too much we don't know so i'm avoiding live accounts, sticking to funded accounts as there is no riba involved at all.
Cfd is not haram brother cfd even why should that be haram only because you don’t own it how does that make sense. It’s getting a rental does rhat mean it’s haram because you actually don’t own the car
Hey Brother, would u consider forex halal if i dont use levarage at all meaning i have my account on 1:1 Leverage making the account only my money and have no margin so would that make it ok for me to trade?
Hello akhi I have a question. -What if I take 10% of what I make in that trade and give it away (to get rid of interest and hidden interest) -I fully understand the market and use 100% sure strategies to avoid gambling -Whenever I make money from a trade I will withdraw it cash (to show ownership) then I'm gonna put some of that money into my trading account to invest more -I make sure to not deal with a haram forex company If I do all of those will it make it halal? jazaka llah khayr
Assalamualaikum Bro…. I want to hear your opinion on trading prop firms. Since its all simulated you are basically demo trading. Is that halal or haram in your POV? Thank you
Look you don't have to right to give fatwah on such things , these sort of things should be sent to scholars or well known high educated students of knowledge. From what I've seen its permissible according to scholars and students of knowledge. Seniors scholars and even Islamic boards have approved forex , on the condition that when you buy its a instant transaction and theirs no leverage. Look i don't think you have the credibility to be saying haram or halal on such matters.
@@WisdomOfAY But the matter of fact is you said its haram which is passing on a ruling which makes it a fatwa. Please refer to scholars not your own opinion. Thank you
Assalam o Alikum. I have an question, if we do spot trading using no leverage and being as less speculative as possible and paying no fees to the broker. (Broker requires no fees, only he wants us to use his platform.) Will it still be considered haram? Please clarify. With detail than you
nope yarimi blocked me on insta after exposing CFDs and how his fatwa doesn't mention CFDs at all. He said he would have a podcast about it coming out with an Ustadh but shortly after the Ustadh changed his decision.
it is actually wild that ur flaming people for selling courses, while selling a course yourself. are you not being hyprocritical akhi? (not talking about the rest of the vid, just that part)
