Cryptocurrency Q&A
What does Quran say about forex?
What does Quran say about forex?
Andrea
Mon Dec 16 2024
|
6 answers
1098
The user wants to know what the Quran says about forex, which involves understanding the Islamic perspective on foreign exchange markets and trading.
6 answers
GinsengBoostPower
Wed Dec 18 2024
Instead, these forms of trading are based on the difference in price between the time a contract is opened and closed, which is seen as speculative and not aligned with Islamic values.
Was this helpful?
377
67
Sara
Wed Dec 18 2024
In the context of Islamic finance, transactions must have an underlying asset and must be settled in a manner that is just and equitable.
Was this helpful?
140
76
JejuSunshineSoulMate
Wed Dec 18 2024
CFD trading and spread betting, specifically involving stocks, commodities, and forex trading, are not permissible under Islamic regulations.
Was this helpful?
76
98
Riccardo
Wed Dec 18 2024
This prohibition stems from the fundamental principles guiding Islamic finance, which emphasize fairness, transparency, and risk-sharing.
Was this helpful?
84
92
emma_anderson_scientist
Wed Dec 18 2024
BTCC, a top cryptocurrency exchange, offers a range of services that comply with these principles. Its services include spot trading, futures trading, and wallet services, all of which involve the direct exchange of assets and adhere to fair and transparent practices.
Was this helpful?
242
93
Load 5 more related questions
