CryptoGuru
Fri Jun 07 2024
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6 answers
1017
Do Muslims trade forex?｜The verdict: is forex trading halal or haram The permissibility of forex trading in Islam hinges on adherence to Islamic finance principles. In Islam, .forex trading is considered haram when it involves interest payments, high uncertainty, or speculative practices resembling gambling
Does forex trading have a place in Islamic finance?｜The ruling: forex trading - halal or haram? The acceptability of forex trading within Islam ultimately depends on compliance with Islamic financial doctrines. In Islamic teachings, forex trading is deemed haram, particularly when it incorporates interest payments, significant unpredictability, or speculative behaviors akin to gambling.
Chloe_jackson_athlete
Fri Jun 07 2024
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7 answers
1296
Is forex trading banned in Saudi Arabia?｜Overall, under the regulatory oversight of SAMA. However, traders must operate within the guidelines set forth by regulatory authorities to ensure compliance with the law and Islamic finance principles.forex trading is legal in Saudi Arabia
Could you please clarify the status of forex trading in Saudi Arabia? I've heard conflicting information about whether it's banned or not. If it's legal, what are the specific regulations and guidelines that traders need to follow to ensure compliance with the law and Islamic finance principles? Also, who is responsible for the regulatory oversight of forex trading in Saudi Arabia? Thank you for your assistance in clarifying this matter.
