Cryptocurrency Q&A
Why is forex haram?
Why is forex haram?
Bianca
Sun Dec 15 2024
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5 answers
1078
I've heard that forex trading is considered haram in some cultures and religions. I want to understand the reasons behind this belief. Is it because of the risks involved, the potential for gambling, or some other religious or ethical considerations?
5 answers
Tommaso
Mon Dec 16 2024
Speculative practices that closely resemble gambling are also considered unacceptable in the context of forex trading according to Islamic principles.
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CryptoVanguard
Mon Dec 16 2024
The acceptability of forex trading within the Islamic faith depends significantly on compliance with Islamic finance guidelines.
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EthereumLegend
Mon Dec 16 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services that comply with various financial regulations and may cater to different religious and ethical considerations.
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Elena
Mon Dec 16 2024
According to Islamic teachings, engaging in forex trading can be deemed haram, which translates to forbidden, if it entails the payment or receipt of interest.
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Riccardo
Mon Dec 16 2024
Another factor that can Render forex trading haram in Islam is the presence of high uncertainty or risk levels that are deemed excessive.
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