Garret Posted October 4 Report Share Posted October 4 (edited) Hello, everyone. I came to Pakistan from USA on business not so long ago and will probably stay here for a long time. I would like to learn more about forex trading in this Islamic Republic. I understand they don't have this activity here so I don't know who to ask advice from so I decided to ask advice online. Please share who trades Forex, is this activity legal for Muslims and what is it even? Edited October 4 by Garret Quote Link to post Share on other sites
Tyler Posted October 4 Report Share Posted October 4 If we talk about Muslims, Forex trading is legal for them, but partially. That is, in order to start engaging in this activity, you need to study very carefully the information about what is Forex trading, whether it is halal or haram and things like that, in order to understand how you can start it so as not to violate any Shariah norms. You can find more information here https://coinmarketcap.com/community/articles/66b633d459960d601f2cc844/. Quote Link to post Share on other sites
linkerok Posted October 16 Report Share Posted October 16 Hey there. I found a broker that has a wide range of advantages. This versatility allows me to create diversified investment portfolios that meet individual goals and preferences. In addition, dagangan forex includes advanced trading platforms such as https://finex.co.id/ , which contain robust analytical tools and optimized trade execution designed to meet the specific needs of traders in the region. Quote Link to post Share on other sites
Liam Connr Posted October 20 Report Share Posted October 20 Forex trading can be tricky due to Islamic laws, but many use Islamic accounts to comply. Quote Link to post Share on other sites
PitSterw Posted October 24 Report Share Posted October 24 (edited) The main thing is using an Islamic forex account, which avoids interest (riba), since that's a no-go in Islam. So, you can trade, but you need to make sure you're doing it in a way that aligns with Shariah. If you're thinking of getting into it, there are plenty of brokers offering Islamic accounts. And if you're also looking at futures trading, I’ve been using Apex Trader Funding. They’ve been pretty good, and there’s an Apex trader funding coupon that can save you some cash when you start out. Edited October 29 by PitSterw Quote Link to post Share on other sites
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