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Đăng bởi: forex_trader_460863
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Islam and Trading
trong
Thông tin chung
Dec 05, 2017 at 08:14
Hi L3CAP,I have done research and have come to the conclusions that I have based on Scholarly articles across the net.I was wondering if any Muslim who disagrees with what I have stated and thinks otherwise.So far, on here (or anywhere else) I have yet to find anyone who does disagree or has evidence to the contrary.It's just all to gather thoughts and proofs.There are many (Muslims) who will not care but am after those who do care.All the best.
Islam and Trading
trong
Thông tin chung
Dec 05, 2017 at 08:13
Hi Vontogr,Well, depends if you have enough good credits to offset the bad ones 😇 😈But I set this up for certain (Muslim) scammers who use the name of God to espouse how honest and good they are but in rel life, were running near scam like activities on here ie. hiding the truth about many blown accounts, trading demo, creating fake accounts to give themselves good reviews etc etc.But hopefully the thread can serves another purpose too - one of information.G
Islam and Trading
trong
Thông tin chung
Dec 03, 2017 at 15:36
Hi BrakeBoy,Thank you for your post.Unfortunately it is not as simple as you state.There are many Muslim (on here) who do trade on margin, who do go short, and who do day trade and they believe there is nothing wrong with it and that it is permissible.The point of this thread is therefore to have a conversation and prove (or not) through established Islamic rules and regulations that the above three points are definitely not allowed (or allowed).All the best.
Islam and Trading
trong
Thông tin chung
Dec 03, 2017 at 15:35
Hi AmDiab,Thank you for your question.Going short is basically selling something you do not currently possess and this is not allowed in Islam.It is covered by the below hadith (sayings/actions of the the Prophet Mohammed (PBUH)It was narrated that Hakeem ibn Hizaam (may Allah be pleased with him) said: I came to the Messenger of Allah (blessings and peace of Allah be upon him) and said: A man may come to me wanting to buy something that I do not possess; should I buy it for him from the marketplace then sell it to him? He said: “Do not sell that which you do not possess.”So before...
Mirror account _ MashAllah
trong
Hệ thống giao dịch
Nov 15, 2017 at 15:56
Dear Charlesalan,As you are following this service, can you post your myfxbook so we can see how a live account looks compared to a demo account which the signal provider uses.This would bring me more comfort and confidence.Thanking you sir.
Islam and Trading
trong
Thông tin chung
Oct 12, 2017 at 14:45
Hi AmDiab,Selling alcohol is also a business but that is not allowed in Islam. Prostitution is a recognized business in some countries, is this allowed in Islam?Just because something is a business, does not mean it is allowed, it has to follow protocol.A pension company or a company that buys stocks for long-term is perfectly acceptable and i have no issues with that. Issued is with below three points which so far, not a single person has been able to refute or find a way around.1 - Trading on Margin (not allowed in Islam)2 - Going Short (not allowed in Islam)3 - Short-term (day) trading (N...
Islam and Trading
trong
Thông tin chung
Oct 12, 2017 at 06:43
BaldoN - I Totally agree with you.From what I can see, Islamic accounts offer a very bad deal compared to non-Islamic trading accounts.However, topic is not about Islamic account, it's about Trading, in particular short-term trading and whether this is allowed in particular the below three points:1 - Trading on Margin (not allowed in Islam)2 - Going Short (not allowed in Islam)3 - Short-term (day) trading (Not considered responsible ownership - no intention to take delivery).
Islam and Trading
trong
Thông tin chung
Oct 12, 2017 at 06:43
Yes but it does not deal with below three points:1 - Trading on Margin (not allowed in Islam)2 - Going Short (not allowed in Islam)3 - Short-term (day) trading (Not considered responsible ownership - no intention to take delivery).So as above three points - How do you deal with those?
Islam and Trading
trong
Thông tin chung
Oct 11, 2017 at 11:21
Hi SAFXEater,An Islamic account takes care of the carry (interest) element, HOWEVER, it does not take in to account the below:1 - Trading on Margin (not allowed in Islam)2 - Going Short (not allowed in Islam)3 - Short-term (day) trading (Not considered responsible ownership - no intention to take delivery).So as above three points - How do you deal with those?
Islam and Trading
trong
Thông tin chung
Oct 08, 2017 at 06:31
Hello Timer3 - Thank you for taking time to reply :-)Responsible ownership is the key and this is what issue is.So when you trade, are you actually looking to take delivery and hold on to the asset?Most futures/currency/day trading contracts that are traded, the holder has zero intention of taking delivery. Also you cannot short something you do not own.When you buy stocks, you are buying into the business (you become a stakeholder). You probably take an interest in the underlying business and you hope it does well. When you simply 'Day Trade', you have zero interest in the underlyi...
Islam and Trading
trong
Thông tin chung
Oct 05, 2017 at 07:10
Timer3 - Thank you for replying :-)However, please read what I wrote carefully in particular:"Islam is about RESPONSIBLE OWNERSHIP and most short-term traders do not care about responsible ownership, they are just worried about short-term price movements."So holding stocks for the LONG-TERM, provided they do not conflict with ethical/moral principles is PERFECTLY ACCEPTABLE. Prince Alwalead is NOT contravening the rules as he is a long-term holder and he is buying in to a real business which is perfectly acceptable within the rules of Islam.I was specifically referring to SHORT-TERM...
Islam and Trading
trong
Thông tin chung
Sep 25, 2017 at 14:46
Islam and trading:Aim here is to discuss the legitmacy of "trading" forex or any other instrument for short-term gain.My understanding is as below:Any form of "trading", where there is zero intention of taking delivery or using the FX proceeds for valid commercial purposes is considered HARAAM.Trading forex where there is a legitimate need for different FX currencies, ie. going on holiday, need to send money abroad, buying items from abroad, all these are valid and legitimate reasons for exchanging one currency for another.Where there is zero intention of taking delivery, w...
Pap Fund Mgmt
trong
Hệ thống giao dịch
Sep 25, 2017 at 14:46
Islam and trading:Any form of "trading", where there is zero intention of taking delivery or using the FX proceeds for valid commercial purposes is considered HARAAM.Trading forex where there is a legitimate need for different FX currencies, ie. going on holiday, need to send money abroad, buying items form abroad, all these are valid and legitimate reasons for trading currencies.Where there is zero intention of taking delivery, where the only objective is to try and guess if a currency will rise/fall, is considered gambling and is strictly forbidden in Islam.This applies to stocks a...
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