Is Forex Trading Haram or Halal? | An Insider View
Prior to IslamicFinanceGuru I worked as a corporate lawyer (Ashurst LLP as well as Debevoise & Plimpton LLP) as well as advised some of the largest forex brokers in the world on their regulatory issues.
Through this I got a really under-the-skin insight on what this business model actually is, if its truly haram or halal, as well as if it is actually something you should invest in.
In this video I wanted to share some of my insights into whether online forex trading is haram or halal as well as whether it is commercially a good idea for the average investor.
I would love to hear your thoughts in the comments below!
——
We have previously written extensively on this topic. See here:
https://forum.islamicfinanceguru.com/t/fatwa-is-forex-haram-or-halal-a-comprehensive-fatwa-compilation/18
as well as here:
https://www.islamicfinanceguru.com/islamic-finance/forex-a-fresh-look-with-more-industry-perspective/
—–
? Sign up to our email newsletter – https://www.islamicfinanceguru.com/subscribe
? Our website – https://www.islamicfinanceguru.com
To get ? Islamic Wills in the UK – http://wills.islamicfinanceguru.com/
??? Our Investing Courses – https://www.islamicfinanceguru.com/courses/
??♂️ Our IFG Angel Investing Syndicate – http://ifg.vc/
TIMESTAMPS
00:00 – Introduction
00:47 – What is Forex?
02:04 – What is leverage as well as is it haram or halal?
03:37 – But Forex doesn’t involve a loan or 2 transactions
05:56 – Islamic Forex accounts
06:51 – How many people actually win in forex?
08:46 – Conclusions
Who are we:
We are two Oxford grads who have studied Islamic finance both at uni as well as classically for over 6 years. We quit our corporate law jobs to go full-time on IFG in 2020. We are on a mission to help 25% of the world’s population with their personal finances.
Islamic Finance Guru (IFG) is an Islamic finance comparison as well as analysis site that helps people with their investment, personal finance as well as entrepreneurial journeys.
We do this for one reason: to make our community better-off. We want to take Muslims from being among the poorest in society to the richest. We think that this is the most effective way to deal with problems like discrimination, under-representation as well as poverty. For more about the team visit: https://www.islamicfinanceguru.com/about-us
? Our website / web log – https://www.islamicfinanceguru.com
Our most popular videos:
– Why an Islamic Will Can Save you £9700 – https://www.youtube.com/watch?reload=9&v=A_12zVW2GjQ
– Investing like the 1% – https://www.youtube.com/watch?v=_pCz4UbXN7c
Get in Touch:
If you’d like to talk or have any questions or requests, we’d love to hear from you. Tweeting @IFguru directly will be the quickest way to get a response, but if your question is more complex, feel free to email us at https://www.islamicfinanceguru.com/contact-us/ – we try our respond to everyone!
?Our weekly podcast – https://www.islamicfinanceguru.com/podcast/
? Linkedin: https://www.linkedin.com/company/islamicfinanceguru
? Twitter – https://twitter.com/ifguru
? Facebook – https://en-gb.facebook.com/islamicfinanceguru
? Instagram – https://www.instagram.com/islamicfinanceguru
#forex #forextrading #forexfatwa #Islamicforex #halalforex #investment #startup #investing#shariacompliant #halalinvesting #halalinvestment #islamicfinance #ifg