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Is forex currency trading halaal

Updated: 9/19/2023
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Nabrey

Lvl 1
11y ago

Best Answer

By halaal I'm assuming you mean to ask if it complies with the Islamic law.

Some forex brokers have set up Islamic accounts specifically for this purpose. They are know as Islamic or Swap free accounts.

The basic premise of the "islamic-safe" type of forex accounts comes from Shariah law interpretation that muslim cannot receive anything in return for giving. This means no interest can be given or received on any financial account.

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