Is Forex Trading Halal or Haram?

[@muhammedshefeeque2112]

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

[@Holix6268]

Barakha feeh, insha Allah I will let it go as well 🤗😇

[@haikalarzuan4400]

May allah give you better sustanance

[@muhammedshefeeque2112]

@@Holix6268 May Allah accept our deeds

[@muhammedshefeeque2112]

@@haikalarzuan4400 Aameen. May Allah accept our deeds.

[@ghamizahir8665]

. Very good proud of you . Start crypto . And trade only halal coins only on spot . Don't do future . It is halal and also the same rule applies on forex also applies for crypto .

[@HaroonShah00]

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!

[@rahimnawab5991]

Question) Does this same logic applies on stock trading or fix time trading?

[@rahimnawab5991]

I use Olympic trade inorder to trade it has an Islamic account which removes any possible companies which do haram like dealing interest is trading still haram?

[@HaroonShah00]

@@rahimnawab5991 There is nothing wrong in purchasing and selling an asset that is a Shariah Compliant asset whether it is stock, crypto coin or any other asset online offline. The problem comes when you trade derivatives or CFD's in which you are just making a contract with a broker and it does not have any value. Secondly, the problem comes when you use leverage or do the margin trading although in spot trading like stocks or Crypto. When you use margin you have to trade derivatives, you cannot margin trade in spots. I left forex but I didn't leave trading, now shifted towards spot crypto Alhmdolillah with the grace of Allah my knowledge of trade did not get wasted and I am totally satisfied with the spot module.

[@HaroonShah00]

@@rahimnawab5991 If you are doing Stock trading, which includes no leverage, and stocks are Shariah Compliance,t, then there is nothing wrong. Just Don't go for the future, options, and CFDs in addition to leverage. And make sure of one thing: traditionally, stocks were transferred to you within two days after buying them. Look for a ruling in Islam about transferring an asset after two days, and if your broker is transferring you within a day, how is he doing this?

[@ASAD-q5j]

same here i learn 7 8 months attened some paid webinar and classes of mentor but now i dont want to continue forex

[@KEMLVV]

You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires. I pray that anyone who reads this will be successful in life

[@zerinism4111]

For me there is nothing wrong with 1m in retirement as long as halal. At least my balance of money can be inherit to my son/daughter once I close my eyes.

[@MuhammadZaiimuzzuhdi]

It's more than enough ya akhi. Go retire in sea country. You could even retire, buy a house and live your best life with that money

[@MuhammadDaud-ld6lk]

@@zerinism41111000 millions of words ❤❤❤ may Allah bless you

[@Sportswipes]

Brother ur talking about crypto not forex

[@Skipperfx]

Ameen You can trade without margins I can help guide you on that and spot trading

[@FartunAdan-i7v]

My younger brother just finished an online course about forex trading. After watching this i have to advice him otherwise. Jazakallah kheir for the update

[@salimjuma8877]

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.

[@ZoohiQuiz]

Is this Haram or not I also locking for this video What they told you is this Haram I don't understand English well

[@ZoohiQuiz]

According to this video

[@mishukhann6707]

@@ZoohiQuiz haram

[@asadmahmood7874]

Search for McCain finance teachable business owners accounting & finance course! This program will literally change your life, especially if you're a business owner!

[@rahaa33]

Me too may allah grant us something better

[@elmedintankovic5757]

Allah te nagradio za ovo divno objašnjenje. Niko jednostavnije nije objasnio da je to klađenje i kocka. Allah ti svako dobro podario i nagradio tvoj trud i rad

[@nasrullahkhan1411]

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

[@iyasahd558]

Bro is this halal or haram? Please tell short and sweet

[@Apexforexacademy]

@@iyasahd558 As per my understanding if you do it in spot, no future no options & do it properly by learning the technical & fundamental analysis. its good, & HALAL. Lets take an example" if you transfer some money to your friend in foreign country to buy some gold(/silver/platinum/foreign currency) for you as the gold there is pure & price is less(good) & keep that gold in with you in your secure wallet. After some time say a year later the price of gold goes up & you call your friend to sell that gold & give me the margin & let the base amount with you as I will let you know what to buy, silver or any other currency after analyzing the market. So its Halal & we do it for centuries, the modern form is Forex. where your friend is replaced by the broker & transactions are done online with your own will. You hold the currency as much as you want & can sell any time you want. you got the full control.

[@siddiqueahmad6521]

​@@Apexforexacademy ASAK Bro Can you plz enlighten on how to Spot trade Forex ? Through ECN / STP Brokers or how exactly ?

[@Skipperfx]

You can trade without margins I can help guide you on that and spot trading

[@mziqbal]

MashaAllah This is very beautiful and comprehensive perspective of Forex trading in Islam. Jazak Allah✨

[@osamabinstackin3361]

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.

[@miyalia8019]

Special the guy who owns yarimuniversity

[@hapsororenaldy5971]

just don't follow them.

[@Skipperfx]

You can trade without margins I can help guide you on that and spot trading

[@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 ...

[@asiangamers8514]

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

[@badr3628]

correct

[@User3567xo]

So is forex haram? Crypto?

[@MuhammadDaud-ld6lk]

Yes

[@gucu4433]

I'm a Muslim. Last year, I invested $15k in Crypto and made about $426k within a few months-and it’s still growing. I’ve always been a strong advocate for trading because it’s been incredibly rewarding for me. Looking forward to achieving financial freedom soon. And by the way, awesome content, brother!

[@FabianSchindler-c4o]

Congratulations, do you mind sharing how you did it...

[@mariaclarke481]

Sound good, How do you do that?I'm interested, how do I go about getting started?

[@gucu4433]

I trade with the help of an expert trader, he's the backbone behind my success as a trader, his trading strategies are top notch. I’m guided by Alex Gomez

[@AlainMallet-Roy-ky8to]

Trading is the real investment. The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.

[@siskasetiawan7679]

Alex Gomez signals and prediction is awesome actually i was skeptical at first lol, until I decided to try. It's huge returns is awesome! I can't say much.

[@lovestruckng]

This is by far the best video I have watched in so many months. Concise, Truthful and enlightening all in one.

[@Unlocos.]

Wow. Really needed this. JazakAllahu Khairan

[@raheelmirza6616]

bro just concluded all points in the video great work man MASHALLAH

[@Elhabib2025]

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.

[@hadithpost1807]

You need to go back and learn about Islamic ruling on gambling

[@lord4953]

@@hadithpost1807 Brother trading is NOT gambling, please don't start giving your opinion about a field that you have 0 idea about.

[@hadithpost1807]

@lord4953 future trading is gambling

[@MuheisenServices]

He is not saying trading as a whole is gambling but some selected times of trading like options, futures and other work similarly like gambling. Shari'a prohibit trading what you don't possess and short term trades that are 100% speculatives. It's simply a way of supporting and engaging in the consumption of peoples wealth in unjustly. (,و لا تأكلو أموالكم بينكم بالباطل)

[@Elhabib2025]

@@MuheisenServices Thank you very much for your reply. Some brokers' terms are often overstated, with excessive leverage and a cost of hosting. Others are reasonable and allow for calculated earnings.

[@memomanija]

Eselamu Alejkum, hvala na pojašnjavanju ,ovaj video pojašnjava detaljno šta je haram i šta ne trebamo raditi, hvala.

[@yusufmalazada7292]

جزاكم الله خيرا وبارك الله فيكم اخي ❤

[@isahmuhammedliahdi9903]

Jazakallah Khaira for the clarification for this special topic

[@marklisa8186]

This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high, today I am more than 60% down!

[@MeaghanJ.Lawrence]

Don't be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you're investing in great companies. kudos to SUSAN OWEN

[@user-uj1kt1mg4y]

I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading

[@CassideyM.Anderson]

Thanks for your update I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?

[@donaldjessica4185]

This sounds so good and I would like to be a party to it, is there any way I can speak with her?

[@MeaghanJ.Lawrence]

She's recognized as 'Mrs SUSAN OWEN. One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.

[@user-moja_crew]

Jazakallah khir..hope next video about metal or gold silver and oil..asalamualaikom..😊

[@ymian]

Another awesome video. Very clear and concise. Great work Almir. Thank you

[@AlmirColan]

@@ymian thanks brother 👍

[@MustafaKhamiss]

To earn free money on binance is halal or Haram?

[@Hibetellah338]

​@@AlmirColan aselamu alyk werahmetullah Can u tell the opinion of ulemas about the network marketimg business not the pyramid one Just network marketing ?

[@imtiazahammadbhuiyan]

​@@AlmirColanwhat about risk management. where I'm not losing all of my money. If i trade for 100$ if i losing money i can stop in 90$. It is also gambling ⁉️

[@imtiazahammadbhuiyan]

MashaAllah well explained. I though i will do that, Alhamdulillah Allah guided me through you, Jazakallah ❤

[@Meowww12760]

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 ..

[@abdurrahmanbinuman9399]

You are right brother

[@subairthundiyil7641]

You are right...

[@aletha18]

Name 1 fiqh council that has allowed forex trading as halal. Simply put, forex trading is dealing in imaginary items. There is no actual currency exchange taking place. The speculation and shifts in pips is the point of forex and that is clearly not allowed in the syariah

[@ahmadkhairul1181]

Mostly people talk about leverage. Cuz the leverage is the main issue.

[@AliBaba-xe5fq]

@@Meowww12760 Because these people need to update their mind software.

[@SianFoskett]

I'm thinking of getting into investing but feel a bit lost and confused. Any friendly advice or contacts you recommend for guidance?

[@GilesMaynard]

It's a wise idea to seek expert advice when you're setting up an investment portfolio because it can be a bit complicated.

[@HelenRoyal-sf8jb]

Getting advice & guidance from financial experts like Hailey Gassmann to adjust your investment is a wise move.

[@MaryHarry-id7th]

Wow. You know her too? I lost a lot of money as a beginner until I saw Mrs Hailey Gassmann on CNBC. She's been managing my portfolio with good returns and I appreciate her sincerity and genuine services

[@TerryHemsworth]

So you guys also familiar with her? Whoa! She is amazing and the reason my spouse and I possess our own home and car

[@RockElam]

Hailey has been managing my investment. All I do is sit at home and make withdrawals every week without any knowledge of trading. She does everything by herself

[@HashimKhan-ym4bp]

May Allah bless you, you have explained this topic better than most of the Islamic Scholars. I have worked in forex industry almost 3 years ago and then left for the love of Allah. As you rightly said its pure gambling. May allah bless and reward you here and there.

[@TTheWorstOne]

U never actually did forex trading. Whatever profit or loss u had was purely gambling. If u really knew what forex trading is, how it works, then u wouldn't call it gambling cuz it really isn't.

[@mr_abubu]

I was about to purchase a $200 course to learn forex trading, and alhamdulilallah god sent this video to my way. I am convinced that forex trading is totally haram. May allah swt bless you brother for sharing this information

[@Skipperfx]

You can trade without margins I can help guide you on that and spot trading

[@Usman.oladimeji]

Hmm. You need to explain A-book as well, what you've explained about is B-book. Looking forward to hearing about that ..

[@mahbubalislam2475]

Amazing Explanation ! Loved it.

[@aaqibalam4221]

People who do it say it's halal and who don't say its haram

[@naushadtoorab4544]

MashaAllah. very clear and powerful explanation. thank you very much.

[@amandasmith-f3w]

Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What’s your take on this approach?

[@MartinGarcia-vo4ic]

VENTURING into the trading world without the help of a profesionals, trading and expecting profit is like turning water into wine you would need a miracle...

[@JaneHern]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@NicholasWestrick]

I and my brother are favoured financially, Thank you Sonia Dixon. $32,000 weekly profit regardless of how bad it gets on the economy

[@MablePowell-j9u]

I Started with 5,000$ and Withdrew profits 89,000$

[@GreggChandler-bv1qi]

She must be really dedicated and well trusted for people to talk much good about

[@SahamibnHabib]

Assalamu'alaikumu warahmatullahi wabarakatuh! Maashaa Allah subscribed, please keep up the good work, may Allah reward you and your family for this in this world and aakhirah.. aameen summa aameen 😊

[@LibaaxTopG]

Jazakullahu Khayr . Saved me time and money and heartache .

[@subhankhalid8977]

Thanks alot dear, this is what people what know the difference, such a simplest and kind words to understand, youtube full of two kinds of people 1 who are defending because they are doing it, and Islamic scholars most of the times they also don't know insights of its working that's why it creates ambiguity. But you did a good job Jazacallah khaira Sir

[@faheem.ulhaq.siddiqui]

JazakAllah Brother. Thank you for explaining in simplest terms.

[@frettless8456]

Love the title, I suggested it! Yes brother you are right. It's the exact same as going to a casino and losing all your money. The house always wins.

[@AlmirColan]

👍

[@wisdom532]

if you know what are you doing the house loose and forex is not haram for me but he cheikh explain today the false promise and the scam broker and the idea of get rich quickly without hard work in this industrie today thanks forex is not casino

[@diaarraaa]

You absolutely don’t know anything about trading if you say this confidently 💀💀💀

[@FrostBurner]

@@diaarraaa agreed

[@Solutionshome-]

This is one of the best and clear explanation. Jazakallahu kheir.

[@Cristian_M_]

Wealth is built in both bull or bear market and also wealth transfers from the impatient to the patient. One of the best ways to succeed in crypto is by trading your assets with a good strategy..

[@ademusiaka7198]

I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..

[@thylda7877]

imagine investing in Btcoin earlier.... You could have been a multi millionaire precently

[@vickia.weaver7488]

​@@thylda7877 You are right. Been thinking of going into gold and cyptocurrency

[@kiyotofujita2178]

Assets that can make you rich *FX *Btcoin *Stocks *Gold *Real estate

[@Bireshprema]

You’re right but a lot of people remain poor due to ignorance

[@sohailkamran-o3g]

JazaKaAllah Khair brother

[@muhammadisyaku2517]

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 🤲

[@ayoubhr77]

This is also how Perpetual Contracts in crypto work, jazzakaAllahu khairan

[@iahaiambcabudo2648]

jazacallah khaira Brother, from Mozambique 🇲🇿

[@Alfaaze]

Asslamua alaikum how are you India 🇮🇳

[@idreesgul]

One of the best videos on forex I have ever watched. May ALLAH bless you brother ❤

[@padaddadada5417]

Thank you very informative video.

[@muazsah7969]

Before reading the surah Rum we cant distinguish the good and the bad in finance, we've seen the last 1400 years of losing against the riba industry because of traditional way of life.We need to find a way in shariah to overcome the riba industry, let's focus on this....Jazekallahu khayr

[@kompozix]

Most of the markets are beeing moved with algorithms/ AI. When you study (for few years) it's not betting anymore. World record on Robbins worldcup is more than 11000% in 1 year, so he was not gambling and winning for 12 consecutive months. But like you said most people think it's a get rich quick plan and they are gambling without beeing ready to put in the effort to learn... so they lose.

[@sikanderkhan1006]

Good explanation , thumbs up 👍

[@tariqvlogs1385]

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 .

[@MohaDahir-jk8uu]

An absolute explanation brother, Attempting a skill you have no knowledge of is like gambling on the unknown, where the outcome determines whether you'll be rewarded or pay the price later on

[@tariqvlogs1385]

@@MohaDahir-jk8uu 🙏🏼

[@kompozix]

an ICT brother here haha KZbin algorithm is working good🤝

[@TheeAbdi]

couldn't agree more brother thank you

[@MKK98-f8p]

akhi i learned trading backtested it is trading forex prop firms haram or what?

[@hauwaahuoizaabdulmaleek4503]

Jazaakillah khairan for this video. Thank you for the clear explanation. I currently want to partner with some of these forex trading companies/brokers to get clients for their Islamic forex trading account. But with this detailed explanation I can see it is haram and therefore, I won't affiliate with them anymore. I won't be a partner to companies that deals with Haram businesses.

[@lokmanbezaz8887]

Thanks brother ,jazacallah khaira man!

[@abdusomed8240]

Alhamdulillah for grant us Islam. I will take this advice with the full twakoul that, Allah has always a better ways to grant a beneficial wealth for his righteous servant. Thanks brother for well deep details with conclusion.

[@Sangeer-sd2dn]

there's no skill involved in gambling but forex needs skills. Most people are trading spot forex.

[@Yuzerskillz]

What is spot trading ?

[@aletha18]

Once you use leverage, it is no longer halal. You cannot trade with money that you do not own

[@Sangeer-sd2dn]

@@aletha18 scholars love to find haram in everything.

[@aletha18]

@@Sangeer-sd2dn and people of ignorance tend to turn away from the truth. May Allah guide all of us

[@Sangeer-sd2dn]

@@aletha18 people of ignorance tends to create confusion and make life difficult for others...

[@egalabdi985]

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

[@ahomudulla]

Please make a video on crpto trading its halal or haram *what is your oppinion

[@burakdervisoglu]

Thank you for explanation I learn many things. When my friend said forex is gambling I was arguing with them, I have tried to explain to them is not. But now I understand it.

[@DheseyCilmi-fp6px]

This shike I Don't understand proH.what he say forex halaal or haraam?

[@BravoMoeez]

Stock trading is considered halal by majority of scholars, yet that is also speculative or in your words "gambling".

[@AhmedHassan-yc5fb]

Speculative behaviour can not be avoided even in normal real trades. So, speculative trading by itself does not make a trade haram. Almir's view, I think, is that forex trading is not taking possession of real goods and that it is purely speculative, gambling and not real like futures and others. This is what makes it haram.

[@BravoMoeez]

@@AhmedHassan-yc5fb In stocks also there is nothing physical that one takes possession of, yet it is halal.

[@MuheisenServices]

@@BravoMoeez stock unlike what was explained is like owning a share in a company. If the company performs over time you make profit and vice visa. This is why long-term focused spot forex and crypto trading isn't considered haram. Whereas futures, option and derivatives has to do with gaining and lossing for predicting the price of an asset without actually buying them. That is why they use the term long and short and not buy and sell. In Stock and spot you actually buy the asset while in futures options and derivatives you bet on the assets.

[@mucafasaran6951]

Alhamdulillah, thank you for your education video.

[@naqiabbas8584]

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.

[@aletha18]

@@naqiabbas8584 forex is definitely not considered halal by the majority. That is clearly false. No fiqh council in the world has allowed forex trading.

[@Sarif294]

the problem is not the concept from Scholars that consider it Haram the problem is Brokers they give leverage to make money and they charge fees, which is basically in simple term loan with interest!

[@naqiabbas8584]

@@Sarif294 well brokers i know have fixed fees. And funded accounts have a 20% fixed fee on Profits. Meaning if u don't make nothing, u don't pay anything. Looking at interest, these aren't the same. Different brokers have different options.

[@MeOpnot]

Can you name the scholars that say forex is halal

[@Sarif294]

@@naqiabbas8584 If I may ask would you mind sharing some names so I can do my research cuz I'm in the U.S and i'm not aware of any brokers or funded account that do this. جزاك الله خيرا

[@isahahmadsadiqtv]

Masha allah This is the bitter truth

[@mtukur018]

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

[@ahmednjidda6182]

Thanks for this clarification, very clear. This is just speculation on the movements of price trends.

[@Sh4zaib]

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

[@zerinism4111]

Thank you for this video. Finally, I need some of technical explanation on leverage things. I was about to start again my journey with Forex after a long break. There is no point to be rich from what Allah prohibit. There is a lots of way to earn halal money or extra money.

[@muslimtraveller1]

Barak Allah fik brother! Can I kindly ask you which type of camera do you use? And which editing program? Your videos are awesome allahumma barik

[@AlmirColan]

I'm not entirely sure, but I think these days, you can achieve the same results with any basic camera, and most editing software offers similar capabilities.

[@kunu112]

​@@AlmirColan please about infinity power trade identify halal or haram

[@crmd908]

Jazakal Allahu Khair

[@yuhihe]

Very informative. Please also talk about investing in stock market and sukuk.

[@AbdulFatahShieryar]

Thank you for such a informative content. جزاک الله خیرا

[@day4deen]

I overall disagree with your opinion on trading. I think most if not all the points you made about trading being haram may be inaccurate or incorrect. Your first reason of this being haram is the fact that there is no buying or selling the currencies you are trading. And yes you are correct, but trading isn’t about buying the actual currencies, it’s about buying contracts that are the value of certain currencies at the time of purchase, and attempting to make a profit off of the constant fluctuations of currency values. With regards to the ownership of these contracts, yes you do own them. When a trade is opened, a contract is bought, and is present within your account that you have with whichever platform until the contract is sold for a profit/loss. Just because the contract is not a physical thing doesn’t mean that it’s haram. That would bring a lot of other things into question, such as bank accounts or shares in a company. None of these are physical things but they are still halal to own/purchase. With regards to the point of owning these contracts being purely a “game of chance”, this is also incorrect. There are traders that open trades randomly without any reasons other than chance for entering those positions, and to those traders I say yes, that is gambling. To properly approach this point we have to understand the definition of gambling. Gambling is the wagering of something of value on a RANDOM EVENT with the intent of winning something else of value, WHERE INSTANCES OF STRATEGY ARE DISCOUNTED. With experienced and professional traders, this is not the case. No trades are placed randomly, there is a bias that is found with whichever market is being traded. A combination of different analyses provide a trader with a bias, therefore having a strategy when attempting to trade the market they have a bias on. It is not gambling, merely an educated guess. With regards to your point on a trader trading against the broker vs against other traders, I will also disagree with this. Brokers make money on every trade you make via commission. This amount can vary depending on multiple things like position size, volatility, market conditions etc. When a trade is closed, a certain amount is deducted from your overall balance, regardless of whether that position was profitable or not. That amount is still deducted and taken by the broker. With regards to price action being speculative and not actually happening, that is also incorrect. Prices and values of different currencies change every second. There are online charts that show all these movements by the second. These fluctuations are caused by supply and demand for these currencies, and there is always supply and demand for any currency. If there is no supply or demand of a certain currency then it would be worthless and therefore not be a valid currency. With regards to who actually makes money in the trading industry, yes brokers make money off of trades you make which was discussed previously and yes, there are people who sell courses, signals, crown investing etc. But this is not an accurate representation of the trading industry as a whole. Most of these “gurus” are just trying to make money off of sales and not trading itself, but it is definitely possible to make money off of trading, and that’s what the trading industry is all about, and this is how it should be represented. For what it actually is, rather than what popular gurus are doing. And to address the final point, just because this profession has a high failure rate, doesn’t mean it’s haram. There are plenty of other professions with high failure rates, yet it is still halal such as medicine and sports. Jazakallahu Khairan for the video, I look forward to your response. Assalaamu Alaikum wa Rahmatullaahi wa Barakaatu

[@AlmirColan]

You're mixing up a few concepts here. First of all, shares and CFDs (Contracts for Difference) are fundamentally different. When you buy shares, you're purchasing ownership in the equity of a company - you actually own a piece of that company. If CFDs were similar, you'd own the underlying asset you're speculating on, but that's not the case. A CFD is called a "contract" because it's an agreement between two parties, typically you and a broker, to speculate on whether the price of an asset (like a currency) will go up or down. However, you don't own the asset itself. The contract simply states that one party (the broker) will compensate the other (you) if your prediction about the price movement is correct. If you're wrong, you compensate the broker. This is what is the essence of betting or gambling. You're speculating on the price movement without actually owning the asset, much like how people bet on horse races or sports outcomes. Even if your speculation is informed by real-world events, it remains a form of gambling because you're still predicting an outcome with no direct stake in the actual asset. As for brokers, they make money through various fees and spreads on the transactions, regardless of whether you win or lose your bet. Think of it this way: you could have the same type of CFD on horse races with a broker, where whoever predicts the winner gets the money. Would you say that this horse racing contract is an asset, and because you study the horses and their fitness levels, that you're not actually betting? We all know the answer to that rhetorical question.

[@bogajacksonn]

Just letting you know, if you’re doing forex. You’re not trading on the real market. Therefore you’re trading a derivative.

[@AlmirColan]

@@bogajacksonn 100%

[@thetactispro]

you are 100% right.most of those who claim are financial expect actually arent. we have to be very careful discussing sensitive issues like tis

[@bogajacksonn]

@@thetactispro from every fatwa I’ve seen, they don’t discuss the ins and outs of the markets. As someone who was in forex and was under mentors who had partners with these brokers. I can say; those which explained to me the internal workings behind forex. I can say for certain you’re not even making a trade. I believe the discussion is this, whether it’s a derivative or whether it’s a game that makes you money. If you guys want my notes on all the research I’ve gathered on forex permissibility, I can send them. Even recommend me a teacher who says it’s permissible and I’ll explain the inner workings behind the industry. I spent a lot of time fighting the truth,

[@healthofficial]

JazakaAllahu Khairan

[@salmanthegreat115]

actually there are types of forex trading, like futures option etc. Yes they all are derivatives and haram, but spot forex is not a derivative. and also i want to ask is that what if we remove the element of leverage but having large capital through prop firms and then trade? plus he mentioned at 4:43 that forex has nothing to do with exchanging money or currencies. but actually if you search any where the definition of forex, it is actually buying and selling of currencies. and PLZ IF I AM WRONG PLZ CORRECT ME ANYONE

[@Tinnin44]

Barak Allahu feek ustadh

[@nailachou1174]

What about trading futures and cryptocurrency or bitcoin

[@tanaruz]

Only spot is permissionable

[@SYEDZARFIENE]

@@tanaruz Are you a Mufti ??

[@hkicgh7277]

​@@tanaruzYeah answer, are you a Mufti?

[@AhmedHassan-yc5fb]

Watch the video till the end and watch his video series about cryptocurrency.

[@saleemk.m2771]

Masha Allah... Thabaarakallah..

[@MatiullahRahimi-y4e]

hi bro can you explain me what he said plz?

[@hussainahmed8125]

What is money? Halal or haram? please make a video on that

[@waseedakram]

The majority of currency in circulation (around 95-97%) is created through credit mechanisms, which are built on interest and usury. While some may argue that holding or using this currency is haram due to its connection to interest based transactions our specific situation is different since we are not engaging in interest based activities ourselves. Therefore, we can consider it halal for our purposes. However its important to acknowledge that the origin of this currency is rooted in credit creation, which remains a topic of debate. Nonetheless it's clear that the vast majority of circulating currency is generated through this process.

[@madripurn123]

@@waseedakram "Bank notes" aren't real gold, it's upon a contract with you and the government that you having to trade off of item (buying) so do the online payments/card payment, u hold onto a token, not a direct contract with a gold.. So with this logic, it'd also be haram buying stuff with these notes/tokens or whatever.

[@yousefyousef2635]

Well if you don’t know how to trade then it’s a gambling… if you can trade like a pro, then I don’t see any problem…risk management is the key here… Allah knows the best.

[@ahmadkidwai3141]

Funny, basically you are saying if you can play roulette and poker etc like a pro and not lose than it is not gambling.

[@abba.markawi]

There is no gambling in forex except for those who don't know accurately how the charter goes, Allah knows the best.

[@KucikiAdul]

Actually you are only calculating probability even you pro player. Like a poker player.

[@Uthman_Muhammad]

Waaleikum salam warhmatullahi wabarakatu ma shaa Allah Allahumma barik. 😊

[@hkicgh7277]

Thank you my brother in Islam. However, you didn't discuss about SPOT TRADING, where there's an actual buying and selling of currencies, with the broker just acting as the trader's representative to buy or sell currency pairs. I've made my own research about it but I would love to hear your take on this. May Allah bless you. Jazakallah brother.

[@MustafaKhamiss]

To earn free money on binance is halal or Haram ?

[@akhgriz980]

I have yet to find a broker who will facilitate spot trading without any form of ribah (overnight fees, interest on trades, etc.) So even if spot trading is permissible (trading through actual buying/ownership of a currency and then exchanging it for another, either through buying or selling, based on technical & fundamental analysis), it's not something we can partake in because of the actual contract between us (retail traders) and the broker. (Even if you do your utmost best to avoid these fees, by scalp trading or intraday trading, in order to not hold trades overnight, or for long, it is still Haraam as the contract between you & the broker states ribah [like overnight fees, etc]. So that contract itself is Haraam. Just thought I'd mention as some Muslims use this as an excuse thinking they're clever. Don't be like the yahud!)

[@hkicgh7277]

@@akhgriz980 you sound like you actually know something about trading, so perhaps I'll benefit from you, but one issue at a time brother. I know about overnight fees (also called swap fees, which is of course an interest), but please what's 'interest on trades' and the ect. (Please tell me all Other fees the broker charges).

[@Ahmed-Hosam-Elrefai]

That's what I was exactly thinking about

[@truthseeker4625]

@@akhgriz980 There are brokers that facilitate spot trading and do not charge interest for holding overnight positions nor give you interest. Also,the brokers or liquidity providers give or take interest for opened overnight positions. If you scalp or restrict to intraday there is no agreement to any interest. Yet going for the swap-free or Islamic account is better. These scenarios I have mentioned here if backed by knowledge cannot be haram to the best of my knowledge if you trade spot market on an STP of ECN brokerage platform. Allaah knows best.

[@keihansafi190]

So my money in the bank is also contract. I dont have physical ownership of it. It is just a contract between me and bank that i can withdraw my money anytime. So if forex trading is a contract and haram then bank account is also haram.

[@mohdyunusansari4751]

Indeed it is

[@madripurn123]

well said, by far their logic, the "Bank Notes" must also be haram as we're not holding any physical gold in our hand but just a term of it, a token a contract between people and the government/Banks.. So do the online payments/Card payments.. it'd be haram buying anything with it, applying their logic..

[@madripurn123]

@@mohdyunusansari4751 you're also eating haram then.

[@akeemovic]

@@madripurn123 This is a foolish way of justifying Haram. With Forex, you put some money expecting more money without selling any product or service (kinda like traditional gambling), on the other hand, you take money (money you already own) to banks so they can keep it for you (with a contract or collecting it back). *Non interest based banks. Using your debit card for an online transaction is just you collecting and buying things with your money through an easier means. The fact that you think online transaction (with your own money) is equivalent Forex trading gives you away as a joker. Stop justifying Haram.

[@Polster-lx5ph]

​@akeemovic These people will remain until the day of judgement. If only they realized that honor is only with Allah, it would not have been long before Allah would've provided a source of income for them. But the people were quick to that which angered Allah and they are left to it and left to justify it. May Allah guide them

[@abdulrahmanmadbouly2567]

Very clear and powerful explanation. Thank you

[@Footballgamer1589]

In a simple way ‘forex trading in spot is halal’ but any other form is margins and future which are haram

[@coretoshicrypto]

tell me where is the option of spot trading in forex it is in crypto trading if forex gives spot where is it? explain 😂

[@Footballgamer1589]

@@coretoshicrypto you need to go to school bro! Technology needs “Know-How”

[@nzcreations9735]

Yes on forex there no spot feature only time frame bases ​@@coretoshicrypto

[@siddiqueahmad6521]

​@@coretoshicrypto ECN / STP Brokers ?

[@siddiqueahmad6521]

​@@nzcreations9735 ECN / STP Brokers ?

[@badr3628]

jazakAllahu kheyr brother

[@User3567xo]

Is it haram then?

[@Drzakirnaikinsights-b2l]

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.

[@adanabdulahi8219]

Jazza Akallah, really educative.

[@ubeydruff]

Haram.

[@salmanthegreat115]

actually there are types of forex trading, like futures option etc. Yes they all are derivatives and haram, but spot forex is not a derivative.

[@abatauqeer1]

Forex is not a gambling, It's need lots of education to understand technical and fundamental knowledge. It's takes years to learn the forex. If someone doing it without knowledge he will be a looser. Driving a car without learning will end up in a serious accident.

[@halyeygabadhisa410]

thank you so much sheikh you just save me from a big sin

[@smart4x-xs8jn]

Forex is not Haram

[@azadkazi8471]

please explain

[@ismailbuhari2502]

This is where the problem start, you just make a statement without any thing to back it up.

[@EthenHunt0079]

JazakAllah Brother for providing true Islamic prospective and saving me from Haram Yesterday I lost the investment due to election results and then I found this video which has totally changed my mind. How can we make profits with haram...JazakAllah Khair

[@BFX237]

Sheik i suggest you meet a successful trader with years of experience and take a conversation with him before having a conclusion...forex is not gambling and to do it. You need more years of experience if not you will be losing money

[@SeidaAbdulkadir]

Jazakallahu khayr u saved me from falling into it

[@Shumuliyah]

😂😂, immediately I heard the word gambling to describe forex, I stopped watching. This guy obviously doesn't know what he is talking about. Forex trading is halal.

[@NOf_x_x]

Only when you trading spot

[@zainarshad1091]

no spot in forex

[@zainarshad1091]

can you give your reason

[@CryptoStudioBN]

That's haram for sure

[@AliBaba-xe5fq]

Is interest halal in Islam? The entire banking system in the world is running on interest. Do you guys not have a bank accounts? And the person or organisation that deals in usury, what has Islam decreed about it and how will they be treated on the Day of Judgment?

[@code_wizard.]

Jazakumullahu khayra, I'm glad watching this video it made me clearly understand the difference between Spot and Futures/Derivatives. Although I've stopped learning forex and trading derivatives since I've heard it haram but I can still trade on Spot right? cos I'm planning on trading spot on crypto since it's made clear it halal.

[@AlmirColan]

Is Forex (CFD) Trading with Strategy Halal? kzbin.infoeAiyR2Dd71g?feature=share

[@TIITAFX_SOMALI]

Withoud cfd brokers work learn more my teacher 👍

[@halaltube1469]

Really helpful love from Bangladesh...❤

[@orcinuso]

Salaam u alaikum I Just subscribed after watching this video!

[@yulioakhmad187]

this nice explanation makes me agree,

[@Dhikrdua]

Thank you brother.

[@ShaikhaInk]

Thank you, and KZbin money is haram, the ads have music and women