Michele
Sat Jun 08 2024
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7 answers
1739
Is forex allowed in Islam?｜In Islamic finance, spot forex trading, involving the immediate exchange of currencies, is .generally considered permissible as long as it adheres to the principles of avoiding interest (riba) and ensuring immediate settlement
Could you please elaborate on whether forex trading is permissible in Islam? In Islamic finance, how is spot forex trading generally viewed? Is it considered acceptable as long as it avoids riba and ensures prompt settlement? What are the specific principles that forex trading must adhere to in order to be compliant with Islamic finance?
