Forex Riba

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Forex Riba,5 / 5 ( 1votes )

However, "regular" spot Forex trading offered by Forex brokers, with no overnight interest payments or charges, could clear the hurdle of riba..I would like to know about investment in curreny FOREX Market . such as selling one dollar for two dollars, that is not permissible because it is a type of riba..Most of the arguments out there about the permission of Forex in Islam focus only of capital but in addition on what you borrow you will pay interest rates riba ..Accordingly, forex trading must also conform to Islamic finance principles. Forex trading generally involves what Islamic finance terms as rib .

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