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Is Forex Trading With Leverage Allowed In Islam
السلام عليكم!
My Question is regarding Forex Trading, that is Forex trading with leverage allowed in Islam? Nowadays, there’s not a single broker available who offers Forex trading without leverage, so could you please let me know your thoughts on this and guide me whether I should start it or not.
I have searched the web many times but couldn’t find any satisfactory answer, please answer this question as soon as humanly possible.
جَزَاكَ ٱللَّٰهُ خَيْراً کثیراً.
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6 Replies
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Is Forex Trading With Leverage Allowed In Islam
updated 1 year, 9 months ago
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Thanks a lot for sharing these discussions, are these answers given by Ghamidi Sahib via the moderators?
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These answers are based on the principles enumerated by Ghamidi Sahab. It is usually a practice of Ghamidi Sahab that in matters involving certain technical complexities, he presents the basic framework in the light of Quran and Sunnah which needs to be followed in all such instances, and leaves the application matters to the professionals or individuals to decide and apply after considering all the facts of a particular case. You can listen to those principles in the following videos and decide the application yourself or you can refer to the comments of Faisal Haroon Sahab shared above where he has explained the application of principles enumerated by Ghamidi Sahab to those specific transactions.
You can also opt the option to ask this question directly to Ghamidi Sahab after registering for the live Q&A session with Ghamidi Sahab at the following link:
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