Day Trading: Halal or Haram?

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Practical Islamic Finance

Practical Islamic Finance

Күн бұрын

Пікірлер: 605
@practicalislamicfinance
@practicalislamicfinance 2 жыл бұрын
Want to learn how to screen stocks for sharia compliance on your own? Enroll in our course to learn how! practicalislamicfinance.teachable.com/p/the-practical-guide-to-screening-stocks-for-sharia-compliance
@omarahmad681
@omarahmad681 Жыл бұрын
In basic is it Halal or haram brother
@Arhaan-s8i
@Arhaan-s8i 10 ай бұрын
Knowledgeable People Please Respond.... In certain regions of India, a trend has emerged where groups encourage people to invest in trading with a minimum investment of 1 lakh rupees, promising a fixed 10% return each month regardless of profits or losses. Although the group claims to invest in halal stocks, the process lacks transparency, leaving investors uncertain about how the promised returns are generated. The question arises: can this type of trading be considered halal, even though it involves investing in halal stocks?
@sasuketaka5971
@sasuketaka5971 2 ай бұрын
How about if day trading is funded by a securities firm without interest, only incurring transaction fees for each purchase and sale?
@anishelali8217
@anishelali8217 3 жыл бұрын
May Allah save you from all haram and grant you baraka in your life. This video clarified me a lot. Thank you
@letsbefreeletsbefree7183
@letsbefreeletsbefree7183 3 жыл бұрын
Im not muslim but i find many things from religion very good to follow even if i dont call me a muslim
@aboabdulla18
@aboabdulla18 3 жыл бұрын
Hi Letsbefree Are you interested to know more about this beautiful religion ?
@saniyaahmad3153
@saniyaahmad3153 3 жыл бұрын
I will tell you about soul
@letsbefreeletsbefree7183
@letsbefreeletsbefree7183 3 жыл бұрын
@@aboabdulla18 yeah i would like to read the koran in my own language someday :) but i also want to read the bible :)
@blueff781
@blueff781 3 жыл бұрын
@@letsbefreeletsbefree7183 you can read both, and it's quran👍
@omadbekbakhodirov
@omadbekbakhodirov 3 жыл бұрын
i respect you and hope you be a muslim one day, as many muslims don’t know about islam, you have a good heart
@omerozcan2715
@omerozcan2715 4 жыл бұрын
MashAllah, I like how you make explanation videos about tradings based on islamic laws. Stay motivated and may Allah forgive you for your mistakes.
@akilic958
@akilic958 2 жыл бұрын
Salamu Alaykum Omer abi! Sizden Tradingla alakalil biseyler sorabilirmiyim? Australiyadan Ahmet
@omerozcan2715
@omerozcan2715 2 жыл бұрын
@@akilic958 buyur canim
@cagrihantosun6742
@cagrihantosun6742 2 жыл бұрын
Selamun aleyküm, İslamın uygun hisselerin listesi yok mu, bu konuda yardımcı olursanız sevinirim
@raisurrahman7519
@raisurrahman7519 4 жыл бұрын
May Allah Grant barakah in your wealth and efforts
@practicalislamicfinance
@practicalislamicfinance 4 жыл бұрын
Thank you brother, to you as well.
@sayyedahteram8559
@sayyedahteram8559 2 жыл бұрын
@@practicalislamicfinance Sir, In india during day trading brokers allow us to sell the stock first and when day is about to come to an end you must buy it ... During sell money from demat account also deducted... So I want to ask is it permissible to sell the stock and then buy??? Please reply
@zubbusait243
@zubbusait243 3 жыл бұрын
Alhumdulillah brother..I was margin trading ..thanks to you I'm closing my trading account today..m emotional now..par allah have mercy on me .. Ramadan Kareem mubarak ❤️
@jumahcontracting6946
@jumahcontracting6946 3 жыл бұрын
Can i do intraday trade with leverages?? Pls explain bro
@syedhassanshah1681
@syedhassanshah1681 3 жыл бұрын
@@jumahcontracting6946 levrage trade is haram in islam because it involves interest
@letsunbox8977
@letsunbox8977 3 жыл бұрын
Dont close your account bro just try another types of trading which are halal like forex trading etc
@luqmanhisham6093
@luqmanhisham6093 3 жыл бұрын
@@letsunbox8977 i’m sorry brother, but forex trading is indeed haram 😔 all peace and love buddy ✌️
@SuPz3
@SuPz3 3 жыл бұрын
@@luqmanhisham6093 assalamualaikum brother, my question is it halal to trading crypto because I make a lot of research and somehow there's lot of that say it's halal or permissable...and also they say forex also halal now because the things is haram when it's written in holy Qur'an and what was mentioned by Holy Qur'an is gambling and riba they say...
@gerrynaldifakhri1008
@gerrynaldifakhri1008 3 жыл бұрын
Jazakallahu khairan, I finally found a video which explains logically and clears my doubts on minimum amount of share holding time
@SrinivasaReddy-do3us
@SrinivasaReddy-do3us 2 жыл бұрын
Day trading halal or haram? Mention holding time
@mustafaalany8630
@mustafaalany8630 4 жыл бұрын
Leverage is not a lone, if it was, then if I lost my whole account I should pay the loan back, but no one does. The second thing is, brokers do not benefit because of the loan (as you name it) they benefit from the spread between two currencies. Don't expect that they will allow you to use the platform for nothing. Just like if you want to rent soccer hole, you have to pay for it to be able to play soccer. We pay to be able to trade, not because of the leverage.
@user-zj6iz1rl8d
@user-zj6iz1rl8d 5 ай бұрын
brother i think you are talking about forex, their is a sep video on that. the haram part is the riba in leverage becareful
@failedinmaths
@failedinmaths 26 күн бұрын
They benefit from riba.
@JBass-kt3df
@JBass-kt3df 4 жыл бұрын
Brother Salam o alaikom wa rahmatullah Thank you so much for taking your precious time explaining day trading to us! Including myself, there ton of other brothers who exactly want to know what you have just made available. Keep up the good work my dear brother and may Allah SWT reward you for explaining it to us.
@practicalislamicfinance
@practicalislamicfinance 4 жыл бұрын
My pleasure!
@waseem3967
@waseem3967 4 жыл бұрын
@@practicalislamicfinance Salaam brother. Can you please put timestamps if possible???
@hakan8383
@hakan8383 Жыл бұрын
Salam alikom... Its haram or halal
@MQureshi1
@MQureshi1 4 жыл бұрын
I took to comments several times to criticize but every time you answered my critisim already. Good video. Risk and rewards is the key.
@mazinalrashdi869
@mazinalrashdi869 4 жыл бұрын
Just watched the whole vid and read all the comments. Thanks Rakaan for the valuable input.
@Anshej
@Anshej 7 ай бұрын
helal or haram?
@shafihassan1
@shafihassan1 4 жыл бұрын
Forex Day Trading using Auto Trading is giving great results...!! Alhumdulilah. Great message!!
@edisoncavani9274
@edisoncavani9274 4 жыл бұрын
Is forex Auto trading halal ??
@SokratesStudios
@SokratesStudios 4 жыл бұрын
Thank you brother. You have the most clear answers I've always been looking for . MashAllah
@tothemoon1956
@tothemoon1956 2 жыл бұрын
Right ✅
@Sinceresadiq
@Sinceresadiq 2 жыл бұрын
subhanallah, very important video... jazakallah khairan
@eq7316
@eq7316 Жыл бұрын
My Allah bless this brother and ascend home to The Firdous. Awesome explanation
@miniroger7035
@miniroger7035 4 жыл бұрын
Salaam brother, is there a chance of us seeing what companies you have invested in your portfolio? A weekly update on what you bought and sold is another suggestion I would love too see inshaaAllah
@aidahdefilippo948
@aidahdefilippo948 4 жыл бұрын
Rakaan posted this in the video description: m1.finance/tDYnHCZW63WY
@tareqislam1434
@tareqislam1434 4 жыл бұрын
Common stock and live stock 😂
@adunkb8787
@adunkb8787 4 жыл бұрын
Now i get it, took me a while to understand as a noob
@mohamedirshad.10
@mohamedirshad.10 4 жыл бұрын
haahahahahaha
@museowe6532
@museowe6532 3 жыл бұрын
Salaamualekum my brother can we buy or invest on bitcoin.
@ehsankhorasani_
@ehsankhorasani_ 2 жыл бұрын
@@museowe6532 yes you can
@kinganime4955
@kinganime4955 2 жыл бұрын
@@ehsankhorasani_ brother i have a question which is bothering me alot For ex: in binance i buy dogecoin (in spot trading) for a cheap price and after hours/ a day the price increases and then i sell it for profit , then after a day i re-buy it again So is this halal? Yes or no only plz
@ishrafhossain2577
@ishrafhossain2577 4 жыл бұрын
Thanks a ton for this well researched explanation. Helps to focus my trading more on the basis of Islamic morality and guidance, and reject trading methods that are not in line with the deen. Cheers and salaam to you.
@sayyedahteram8559
@sayyedahteram8559 2 жыл бұрын
Sir, In india during day trading brokers allow us to sell the stock first and when day is about to come to an end you must buy it ... During sell money from demat account also deducted... So I want to ask is it permissible to sell the stock and then buy??? Please reply
@BU-MAK
@BU-MAK 2 жыл бұрын
Brother, what is the marketplace for this day trading? Is it on forex ?
@youssefhafsi5384
@youssefhafsi5384 2 жыл бұрын
@@sayyedahteram8559 thats short selling and is haram. Because u sell what dont own + u pay interest on those shares u borrowed
@zinvafarzeen3329
@zinvafarzeen3329 Жыл бұрын
If we do trading with cash account and all analysis, neither scalping nor riba is included is forex permissible then ???
@mohammadhindi4892
@mohammadhindi4892 4 жыл бұрын
Dude mashallah man!!! I love your video's Keep it up!!!
@mohamedafham1576
@mohamedafham1576 Жыл бұрын
This is a very informative video and clears my confusion on the islamic perspective of cash and margin accounts. May Allah SWT bless you and us with his guidance throughout.
@alzahidsayed7980
@alzahidsayed7980 Жыл бұрын
JAZAKALLAH brother. May ALLAH bless you ❤
@sikanderamin6096
@sikanderamin6096 3 жыл бұрын
I bought the course of Zed Monopoly, an Irish guy. I studied it and I was wondering about all these questions. I see most of them getting answered on your channel. Thank you.
@sajidanwarr
@sajidanwarr 3 жыл бұрын
Which course?
@dreamredline68
@dreamredline68 3 жыл бұрын
Guys i didnt understand well so is it haram or halal to day trade
@goldeneagle3638
@goldeneagle3638 2 жыл бұрын
How did u do so far? I wanted to buy the course too
@MYKhanFromThe90s
@MYKhanFromThe90s 4 жыл бұрын
Amazing stuff! I wish this was available to me a few months or even years ago, but either way, I am happy I stumbled upon your channel now 😂 Thank you so much, and Walaikum Assalam 😁
@AhmadIbrahim-z8u
@AhmadIbrahim-z8u 5 ай бұрын
jazak Allah khair brother, the video was really helpful
@mohamedbarghouth2675
@mohamedbarghouth2675 4 жыл бұрын
From investopedia :"As an example of how settlement dates work, let's say that an investor buys shares of Amazon (AMZN) on Monday, Jan. 28, 2019. The broker will debit the investor's account for the total cost of the order immediately after its filled, but the status as a shareholder of Amazon will not be settled in the company's record books for the investor until Wednesday, Jan. 30. At that time, the investor would become a shareholder of record."
@Dhabaryare
@Dhabaryare 4 жыл бұрын
Don't trade Amazon it is haram Use Zoya app to distinguish what stocks is haram or halal! Good luck
@mohamedbarghouth2675
@mohamedbarghouth2675 4 жыл бұрын
@@Dhabaryare thank you very much brother may Allah bless you It eas just an example from investopedia my self i never trade stocks as many scholars sayed they are not for trading but only holding I only trade platinum and palladinum Etf s
@hafeez_kkdv
@hafeez_kkdv 3 жыл бұрын
You know the practical aspects very well , so your evidences on physical & digiral possession is great.
@aslamshaikh3822
@aslamshaikh3822 2 жыл бұрын
Alhamdulillah Brother.. You Explain Very Well ❤️👌.
@mohammadjunaid1002
@mohammadjunaid1002 3 жыл бұрын
Broker here in HK. Cash is available as soon as shares sold and we dont have to buy on margin. That's ok then.
@SaeedAhmed-nx1md
@SaeedAhmed-nx1md 3 жыл бұрын
Great video, with best knowledge and very well explained, now I have no confusion about halal and haram thank you so much
@BU-MAK
@BU-MAK 2 жыл бұрын
Salam, What is the market place for this day trading? Is day reading being discussed here possible on forex ? If yes , how ? Will it be halal?
@Dan210_prod73ct
@Dan210_prod73ct 3 жыл бұрын
Thanks a lot for lesson, it is short but to the point, barakallah 😊
@sulemanomar
@sulemanomar 3 жыл бұрын
Alhamdulillah you covered everything thank you
@mauritube6416
@mauritube6416 2 жыл бұрын
Thank you for the explanation. I was looking for this. Jazaka'Allahu khayran.
@abdul-basit-sohail-phd
@abdul-basit-sohail-phd 4 жыл бұрын
Nice efforts May Allah bless you.
@muhammadabahraq5386
@muhammadabahraq5386 3 жыл бұрын
JazakAllahu khair Brother 👍
@Allsortsmarket1
@Allsortsmarket1 4 жыл бұрын
the question was simple, the answer should have just been straight yes or no. if you did need to say anything extra it should have to been 'To get to a level of being able to make living off day trading you must learn and practise. dont quite your job until you are comfortable with the way you trade. until you fully understand your risk management. finally make a plan.'
@MosestheMuslim
@MosestheMuslim 3 жыл бұрын
If swing trading is halal, then there's no reason for day trading to be Haram. It's the same thing on a different time frame. Both requires technical analysis and money management. Without the two, you can win a lot or lose it all in both.
@asadags3
@asadags3 3 жыл бұрын
@@MosestheMuslim bro yes I understand and agree with you. I just don't understand why poeple make pointless videos and go off topic.
@Tofaeal
@Tofaeal 3 жыл бұрын
13:45 for quick answer
@kevinsjones9493
@kevinsjones9493 3 жыл бұрын
Hero
@fi9884
@fi9884 3 жыл бұрын
Thanks for that!
@HarisAhsan
@HarisAhsan 3 жыл бұрын
Rightly Explained Bro. God Bless.
@Mohammed-o1g3x
@Mohammed-o1g3x 2 ай бұрын
Margin is not a loan, it's a tool to magnify your purchasing power
@osamakhangermany
@osamakhangermany 10 ай бұрын
Thanks for the video! While talking about the margin account, you mention that there are only two types of loans in Islam, charitable and Ribawi loans. And then you make the assertion that the only type of loan that the lender is giving is a Ribawi loan, since there is some benefit that the lender is getting out of it. You mention interest as only one possible benefit, but not the only one. But you didn't specify what other benefits the lender is getting from lendingapart from interest. Could you elaborate on that?
@tru35kill
@tru35kill 4 жыл бұрын
So key take away from this is you can't re-invest the money you make from a sale until the amount has settled, but you can buy and then sell a stock on the same day.
@alphajalloh8602
@alphajalloh8602 4 жыл бұрын
What you mean cash to settle..... if you sell as soon as the sell is executed sometime it takes only minutes or depend on where you put your limit sell it will be executed right away and you will have the money available in your account
@nazimkabiri
@nazimkabiri 2 жыл бұрын
Your channel is the best. Thanks for the efforts and hard work. Jazakallahu Khairan
@practicalislamicfinance
@practicalislamicfinance 2 жыл бұрын
Wayyakum Nazim thank you!
@mhmod551
@mhmod551 4 жыл бұрын
Mashallah Will done barak allah feaak yiy explain very will May Allah reward you
@Mercdad320
@Mercdad320 3 жыл бұрын
When I close a sell trade, the cash is immediately credited into my account. I'm able to use that cash straight away to either buy more stocks or withdraw cash. I'm in the UK
@sophiacara7032
@sophiacara7032 3 жыл бұрын
What trading platform do you use?
@ashkhan2501
@ashkhan2501 3 жыл бұрын
Which trading plate form
@nqtrader
@nqtrader 4 жыл бұрын
MashaAllah Very nice presentation very helpful thank you so much
@damianwilliamson9015
@damianwilliamson9015 6 ай бұрын
the settle time changed to next day settling, so makes day trading easy
@AliAhmed63708
@AliAhmed63708 4 жыл бұрын
What about the speculation aspect ? Is speculation based on TECHNICAL ANALYSIS halal ?
@damianwilliamson9015
@damianwilliamson9015 6 ай бұрын
every trade or investment is speculation. the real concern is volatility and managing risk
@zico352
@zico352 3 жыл бұрын
Baaraka Allahu fiik
@niloyahmed4462
@niloyahmed4462 7 ай бұрын
Robinhood and many other trading platforms do not charge interest for trading with unsettled fund
@drisrarahmadbayanulquran5964
@drisrarahmadbayanulquran5964 4 жыл бұрын
Jazakallah ❤️ ALLAHU AKBAR
@siputlajuselalu
@siputlajuselalu 3 жыл бұрын
Assalamualaikum brother. I have a few questions. 1. Can I apply day trading to crypto? 2. How many days or the shortest period should I consider holding my trade position so it's compliance with sharia law.
@digitalconsultinguz4360
@digitalconsultinguz4360 3 жыл бұрын
Assalamu alaykum brother, I have the same question. Did you find out if crypto day time trading is acceptable in Islam?
@MohammedTwaha179
@MohammedTwaha179 3 жыл бұрын
@@digitalconsultinguz4360 did you get answer for it?
@umairjamali6490
@umairjamali6490 3 жыл бұрын
Same question?
@slimshady7625
@slimshady7625 3 жыл бұрын
Hello is short term trading halal can I buy today and sell in a week for profit?
@mdjawed6628
@mdjawed6628 3 жыл бұрын
If you're living in those country where crypto is legal to trade then you can do trade intraday in same ways according to this video.
@Hvmoudi
@Hvmoudi 2 жыл бұрын
but what if the broker does not have commission costs? What is your opinion on using leverage? because the broker doesn't really benefit on the trade except on spreads but spreads is calculated in the trade regardless if you use leverage or not. And the loan actually benefits the two parties because some assets you can't trade because they are just too expensive and your broker wants you to trade that is how they make money.
@ishaksdt6852
@ishaksdt6852 Жыл бұрын
Thank you so much for clearing this matter to us. May god reward you
@practicalislamicfinance
@practicalislamicfinance Жыл бұрын
Same to you, I'm glad it was helpful!
@jalilsadat4430
@jalilsadat4430 4 жыл бұрын
May Allah reward you brother! I was really concern about validity of making day trades but you made it very clear. With due respect, since it's a very crucial matter, I was just wondering if you have Islamic credintials to make such comments?
@MrXlee1967
@MrXlee1967 Жыл бұрын
What happens if I don't wait in a cash account for the money to be there, and I buy another stock? Am I borrowing money which has interest or no interest will be accrued, or does the account show I'm getting the funds soon so I can use it, resulting in no interest? I'm basically use my pending money, money that is on its way to me to buy more stock to sell again. Please help me to see why this is wrong. (I do agree any interest of any kind/amount is wrong.)
@uniqbuy
@uniqbuy 3 жыл бұрын
This is great. Always wondered if there was any issue day trading crypto. Margin trading obvs interest involved so not allowed
@furqanmirza7829
@furqanmirza7829 8 ай бұрын
4:04
@asmaanjum9218
@asmaanjum9218 4 жыл бұрын
We are using trading 212, the moment we sell the share money is immediately available to buy other shares .is this a loan extended by the broker or it's a cash money? quite confused!
@practicalislamicfinance
@practicalislamicfinance 4 жыл бұрын
Check the settlement time for your broker
@motazinenglish8190
@motazinenglish8190 4 жыл бұрын
@@practicalislamicfinance salam alikom Rakaan. Great work. I use Trading 212 too and to be honest couldn't really understand how it works. All the buying/selling happen immediately and you can use the money mtiple times as you wish. However their T&Cs explain settlement takes t+2 or t+3.. also mentions they may settle transactions on a "delivery versus payment basis" but I have jo idea what it means. I use their ISA invest account (NON CFD account, non margin). All trades happen (over the counter).. is this halal? Is this similar to what you describe in the video or completely different? If you could shed some light on this I would be grateful as a lot of us in UK/EU use this app and other 0 commission apps. Thanks Motaz
@MrYas18
@MrYas18 4 жыл бұрын
@@motazinenglish8190 would love an answer on this, many of us are in a similar position, if we have no intention of cashing the money out once we sell a share it is available to us immediately so we can re invest as cashing it out and then putting it back in to invest does not make sense to me
@MuslimEventUK
@MuslimEventUK 4 жыл бұрын
This is a good question. I would like to provide an answer to this based on my research. Firstly Trading212 is a Cash Account NOT a Margin Account. So as per this video it falls into the first category which Rakaan explained. It does not provide a Margin or any Interest type payment for you to buy stocks on sale of your stock. The way you get your money instantly on sale of your stocks is by a process called Delivery versus payment. The process involves the simultaneous delivery of all documents necessary to give effect to a transfer of securities in exchange for the receipt of the stipulated payment amount. So before the actual settlement takes places which is T+2 or T+3, you get your money. It is like you giving your car documents to the buyer of the car and taking all the money from the seller but telling the seller you can collect the car in T+2 or T+3 days. In this was the buyer is happy that he got the full money and the seller has the car documents to prove that the car is his now. I don't see anything wrong in this type of transaction. Rest Allah knows best.
@fayistk1155
@fayistk1155 4 жыл бұрын
In india, same here in zerodha app... money is available immediately after sale... eventhough actual settlement take pkace after t+2 days. But the brocker doesnt charge interest for this amount available... is it haram.?
@emjay4320
@emjay4320 2 жыл бұрын
Salam bro. Thanks for all you do. My question is: if it's a crypto currency like BTC instead of stock, is it halal to day trade it (since the funds settles same day)?
@tanaruz
@tanaruz 2 жыл бұрын
No issue if spot trading
@realabzhussain
@realabzhussain 3 жыл бұрын
Jazakallah khair
@eytarik8792
@eytarik8792 3 жыл бұрын
What about Volume Trading
@NisarShezad
@NisarShezad Жыл бұрын
I found your video on short selling JazakAllah
@practicalislamicfinance
@practicalislamicfinance Жыл бұрын
Great wayyakum
@mateen1447
@mateen1447 6 ай бұрын
Does the same thing applies to day trading of cryptocurrencies
@Do_not_assume
@Do_not_assume 3 жыл бұрын
Day trading is speculating on the price to move in the way you predict it to. Speculation is betting.
@mustafaalany8630
@mustafaalany8630 4 жыл бұрын
I suggest you start a playlist of who to start trading stocks from A to Z, if you say it is Halal. Because as I know stocks also uses leverage. Will be waiting for your response brother.@parctical Islamic Finance
@binhooakhi2600
@binhooakhi2600 2 ай бұрын
As salamu alaykum , So what‘s the difference between a perpetual future trade and a trade with a cash broker as you described? I remember you considered perpetual futures as prohibited. Jazak Allahu khayran
@shaikhraihan28
@shaikhraihan28 4 жыл бұрын
Assalamualaikum..great video . questions what about after selling stock we have instant settlement on Robinhood can we use that money which we invested not the profit to buy another stock?? With the original money ... please let me know
@Nouveau0
@Nouveau0 4 жыл бұрын
Hope he replies soon, am in the same boat
@grizzlyman329
@grizzlyman329 3 жыл бұрын
If you sell stocks it takes two days for your funds to settle, in Robinhood you have instant buying power because it's a margin account and they are letting you use their money wile your money settles even though their not giving you anything extra.
@Nouveau0
@Nouveau0 3 жыл бұрын
@@grizzlyman329 So what's the status in this case? Halal or haram?
@peledood999
@peledood999 3 жыл бұрын
Asselamualikum. Great explanation. But why do I have to depend on cash that I just made profit to buy another stock. Instead, can't I use the remaining cash in my account that I didn't use for my initial trade to make another purchase?
@Nouveau0
@Nouveau0 3 жыл бұрын
@@peledood999 Sure you can. Except sometimes we don't have spare cash in our account.
@nomiji22
@nomiji22 3 жыл бұрын
13:18 - I still have some confusion - I can see the transaction in a completely different way where I transferred the ownership of my stock to the broker and in return they credit amount in my account. Whether they are acting as a middle man or selling it to another member its in their hand. Rest is the business process time for making the amount available to cash out. In any business you buy/sell the inventory on credit. Similarly, if this is the case then using credit card will be termed as haram too as they also give us loan and definitely not as Qarz e Hasanat. Apologies! If it is very simple and I am not getting it.
@Hameedtrades
@Hameedtrades 3 жыл бұрын
Bro credit card is haram because when we make a credit card we already agree for payment of interest on the papers etc if due date is gone on a transaction payment, we are humans and can never guarantee that we will always pay on time
@kouhat
@kouhat 3 жыл бұрын
Is daily trading in cryptocurrency Halal? since it's done immediately in spot ( binance) so i can pay and sell many times a day ?
@_muscle_madness_1248
@_muscle_madness_1248 3 жыл бұрын
I think its halal
@kouhat
@kouhat 3 жыл бұрын
i don't feel comfortable about it. and couldn't find trusted fatwa about it. any help?
@HidayahSourceTV
@HidayahSourceTV 4 жыл бұрын
Clear speech and well explained مَا شَاءَ ٱللَّهُ‎
@hdidanee
@hdidanee 3 жыл бұрын
Can u please explain to me what he said is day trading halal or haram my English is not good
@zakirfaizi6186
@zakirfaizi6186 3 жыл бұрын
thank you brother may allah reward you .
@husainzafar5707
@husainzafar5707 3 жыл бұрын
Thank you, I just switched from Robinhood Margin account which is default to Robinhood cash account. This will prevent me from using the unsettled amount before the processing days. Margin account by default violates the halal requirements
@nadimakram2130
@nadimakram2130 3 жыл бұрын
Shukran thank you
@abdulbasitkhan2790
@abdulbasitkhan2790 2 жыл бұрын
Video starts at 4:00
@fayizpk9392
@fayizpk9392 7 ай бұрын
Very clear explanation
@semihsahiner38
@semihsahiner38 6 ай бұрын
Kardeşim ben türküm ve videodaki dili anlamıyorum bana yorumlarda anlatır MSI’ın mısın
@abduds6838
@abduds6838 4 жыл бұрын
I have cash account with three different brokers for day trading & always wait until my cash settle before the next purchase. Margin account is so risky & haram too.Thank you brother for your great advice.
@mars4981
@mars4981 4 жыл бұрын
Can you explain it in more detail?
@mars4981
@mars4981 4 жыл бұрын
What cash settlement?
@abduds6838
@abduds6838 4 жыл бұрын
For most stock trades, settlement occurs two business days after the day the order executes. For example, if you were to execute an order on Monday, it would typically settle on Wednesday. Day-trading with unsettled funds and debit balances are prohibited in cash accounts. ... You must have all the cash in your account prior to entering an order. A cash account will be put on 90-Day Restriction, if a security is bought and sold without being fully paid for.
@ali2009tube
@ali2009tube 4 жыл бұрын
perfectly explained
@practicalislamicfinance
@practicalislamicfinance 4 жыл бұрын
Thanks brother Ali!
@sasuketaka5971
@sasuketaka5971 2 ай бұрын
How about if day trading is funded by a securities firm without interest, only incurring transaction fees for each purchase and sale?
@AnwarKhan-qj8sk
@AnwarKhan-qj8sk 4 жыл бұрын
Thank you so much for your ELI5 type explanation
@MajidKhan-um9nn
@MajidKhan-um9nn 3 жыл бұрын
Thanks for such Valuable Information ...
@MosestheMuslim
@MosestheMuslim 4 жыл бұрын
Just because Margin account allows you to short sell and has riba, doesn't mean you have to use it. I day trade on a margin account but I never short sell or use the money I don't have. Also, I'm not sure what you mean by recieving money in 2-3 days because I always get my money the second I click sell, just like most brokers do these days. Great indepth video though.
@abbamusa6607
@abbamusa6607 4 жыл бұрын
Lol, trading with margin itself is Haram🤷🏽‍♂️😏
@MosestheMuslim
@MosestheMuslim 4 жыл бұрын
@@abbamusa6607 hmm...I'm not so sure about that. That's like saying you can't eat halal food on a dinner table where there's pork. If I can confirm your statement, I will try to find an alternative.
@waheedolanipekun8326
@waheedolanipekun8326 2 жыл бұрын
You're doing a great job...saving lives! Many thanks.
@practicalislamicfinance
@practicalislamicfinance 2 жыл бұрын
Thank you! Glad you enjoyed it
@cricket_updates355
@cricket_updates355 Жыл бұрын
​@@practicalislamicfinance intraday trade in haram or halal?
@furqansid07
@furqansid07 3 жыл бұрын
Aslamaualaikum I want to know that Settel in which accounts dmate accounts or our bank account ? Answers me plzz
@juanvaldes3891
@juanvaldes3891 3 жыл бұрын
Salam, what are your thoughts on Prosperitrade they only do halal stocks. Prosperitrade they did DD on EXAS with an oncologist as a special guest.
@complexboy7301
@complexboy7301 3 жыл бұрын
Sir.....crypto spot trading like buy and sell at same day or hour is halal?
@kinganime4955
@kinganime4955 2 жыл бұрын
Yh i have the same question
@kinganime4955
@kinganime4955 2 жыл бұрын
Did u get the answer yet
@complexboy7301
@complexboy7301 2 жыл бұрын
No....i didn’t get this answer yet.
@WaqasKhan-kw2bx
@WaqasKhan-kw2bx 4 жыл бұрын
Brother can you please explain futures trading on bitcoin and altcoins
@ariqkamil571
@ariqkamil571 3 жыл бұрын
6:48 what does "sale to settle" really means? when i sell xyz stock for a $1000,then i had cash on that platform $1000 and I'm not allowed to buy stock unless i withdraw to my local bank and i buy stock and paid it using my local bank???
@MajidWhy
@MajidWhy Жыл бұрын
Salaam, why would you compare day trading returns on Warren Buffet/any investor returns? Warren buffet or people looking for annual returns on their investments are not day traders so this would be a false comparison? Successful day trading would require making small profit percentage trades against your losses, and is therefore a completely different percentage return analysis?
@Monturdamand
@Monturdamand 2 жыл бұрын
Day trading is halal. Many scholars give fatwa without even knowing how it works or having any experience in the stock market. How is it gambling when you have a stop loss and know how much you will lose at most?
@adnanvokshi1127
@adnanvokshi1127 Жыл бұрын
you convinced me bro, thanks.
@ard35311
@ard35311 Жыл бұрын
Thank you for this pure information. I want to ask if you execute a trade and the broker takes commision is that halal?
@jiituubiyyaa7131
@jiituubiyyaa7131 2 жыл бұрын
Mashaa allaah
@juanvaldes3891
@juanvaldes3891 3 жыл бұрын
Great DD on Halal stock
@DrZaidable
@DrZaidable 3 жыл бұрын
1. Is Day Trading/Buying/Investing in coins like BNB where in the company-Binance- which owns BNB deals indulges in Crypto Loans and giving and taking interests? 2. Could you make a video on DeFi and specific COINS which are Halal or Haram based on the Tokenomics or source of income or idea behind the project.
@therahman3293
@therahman3293 3 ай бұрын
Can i use the same 1000 or less amount to purchase another stock on the same day after profit.
@mohamedcalooley4175
@mohamedcalooley4175 8 ай бұрын
Thanks brother helpful video
@semihsahiner38
@semihsahiner38 6 ай бұрын
Kardeşim ben türküm ve videodaki dili anlamıyorum bana yorumlarda anlatır MSI’ın mısın
@semihsahiner38
@semihsahiner38 6 ай бұрын
Kardeşim ben türküm ve videodaki dili anlamıyorum bana yorumlarda anlatır mısın
@syedazhar3053
@syedazhar3053 4 жыл бұрын
Does this mean there is no margin given for CNC (cash and carry) trades ?? (Specific to Indian traders) Found this on the margin policy page of zerodha At Zerodha we provide no leverage when you are executing delivery trades which mean that you if you want to buy Rs 1lk of stock as CNC, you will need this Rs 1lk in your trading account and similarly if you want to sell Rs 1lk of shares with product type as CNC, you will need these shares in your demat account mapped to your trading account.
@abushah1
@abushah1 3 жыл бұрын
Does day trading of cryptocurrency is halaal ..?
@ShahzadAhmed-qm9zo
@ShahzadAhmed-qm9zo 3 жыл бұрын
Assalamualaikum Is cryptocurrency halal or haraam .If i buy a coin and sell the same coin on the same day as the coin prize has raised is it permissible? please answer this question sir.
@edrismuzemil3967
@edrismuzemil3967 3 жыл бұрын
It's halal
@veganvengeance9271
@veganvengeance9271 4 жыл бұрын
So trade twice a week or so. Moderation is great
@mohamedlouati7261
@mohamedlouati7261 Жыл бұрын
is interactive broker do an immidiate cash settlement after sellling the stoke?
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