16/02/ · Kuala Lumpur: Malaysia's National Fatwa Council has ruled that foreign exchange trading is forbidden or 'haram' for Muslims as it was against the Islamic Sharia law. "A study by the committee Estimated Reading Time: 1 min 04/05/ · The fatwa about forex trading in Malaysia depends on how traders involve themselves in their investments. Forex trading, according to Islam, is halal. Traders need to use the swap-free trading accounts for all their activities. The use of these accounts makes forex Malaysia's National Fatwa Council has ruled that foreign exchange trading is forbidden or 'haram' for Muslims as it was against the Islamic Sharia law. "A study by the committee found that such trading involves currency speculation, which contradicts Islamic law
Forex trading is 'haram', says Malaysia's Fatwa Council
Malaysia's National Fatwa Council has ruled that foreign exchange trading is forbidden or forex trading scheme fatwa malaysia for Muslims as it was against the Islamic Sharia law, forex trading scheme fatwa malaysia.
For that reason, the National Fatwa Council has decided that it is haram for Muslims to participate in such trading," Council chairman Dr Abdul Shukor Husin was quoted as saying by the Star newspaper.
He said Muslims should not participate in forex trading as there were many doubts about it, given that it involved individuals using the Internet with uncertain outcomes. Husin said the meeting also decided that it was permissible for Muslims to invest or save under the Premium Saving Certificate scheme by a local bank here. He said the committee was satisfied with the briefing given by the country's central banks Shariah panel regarding the scheme's implementation.
Husin added that the committee also agreed to formulate guidelines on Muslim couples having their wedding ceremony in a mosque to allay doubts that the ceremony purportedly follows Christian practices, the report said. Deccan Chronicle Andhrabhoomi Financial Chronicle Deccan Chargers. Horoscope Select your sign Aquarius Aries Cancer Gemini Leo Libra Pisces Sagittarius Scorpio Taurus Virgo capricorn. Home » International. Forex trading is 'haram', says Malaysia's Fatwa Council Feb 16, PTI Kuala Lumpur.
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FOREX and Currency Trading - Ask Shaykh YQ #64
, time: 16:50Forex Trading Fatwa in Malaysia: The Malaysian Forex Trading Status
16/02/ · Kuala Lumpur: Malaysia's National Fatwa Council has ruled that foreign exchange trading is forbidden or 'haram' for Muslims as it was against the Islamic Sharia law. "A study by the committee Estimated Reading Time: 1 min Malaysia's National Fatwa Council has ruled that foreign exchange trading is forbidden or 'haram' for Muslims as it was against the Islamic Sharia law. "A study by the committee found that such trading involves currency speculation, which contradicts Islamic law 16/02/ · Forex trading is haram: Malaysia’s Fatwa Council. PTI Kuala Lumpur | Updated on February 16, Malaysia’s National Fatwa Council has ruled that foreign exchange trading is forbidden or Estimated Reading Time: 2 mins
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