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@AbdulRahim-uk3tg

4 ай бұрын

Assalaam alaikum I pray you are well. Are you still trading bro?

@AbdulRahim-uk3tg

4 ай бұрын

I have been trying to translate the arabic pdf of the book all day, but it's not been possible. Has anyone successfully translated it.

Assalamualaikum wa rahmatullahi wa barakaat. Thanks Bro, l accept with you. I stop learning fx because of the past understanding but now l have to continue with my learning and trade. Thanks for sharing may Allah guide us all.

Glad you're back.

Assalamualaikum bro did the Yemeni sheikh translated the book or did he just give you an overview of what he thinks of the book after reading it?

welcome back my friend

regarding CFD it is derivatives , means drives from 1 date to another, as i got CFD not permisable , which things you exaplained above it can be fir and justify on FX spot which work on underlying assets

the leverage provided is not a physical exchange of money or a traditional loan. It's based purely on a contractual agreement that allows you to enter into positions much larger than your initial cash outlay (margin). This contract gives you control over an asset without actually owning it upfront. In Islamic finance, transactions that involve excessive uncertainty ("gharar") or gambling ("maysir") are prohibited. Trading in derivatives, like futures, where the ownership of the underlying asset is not transferred at the time of the contract, can be seen as problematic from an Islamic finance perspective. This is because it involves trading in contracts for assets not currently in possession, which some Islamic scholars argue violates the principles of immediate exchange in transactions

Alhamdulillah 😍

Bro, which platform you use for forex trading?

best video!! when u left it i was literally saying that we own the contract.. just like suppose a manager of mac donald owns it ? no he dont have to , simple!!! i pray to Allah those peoples and scholars who are disagree with it may Allah give Hidaya to them and those who are trading like me May Allah bless with success Ameen

@zakariaet4437

5 ай бұрын

Can you pls tell me why those contacts are halal even if they have no physical form you cannot take them as an asset

@annonymousghostdetector8425

2 ай бұрын

you already own the contract bro, you are working as an employe in forex and option trading. and employes dont own the anything physical. its very simple but some peoples/scholars with 0 knowledege or very little knowledge make it controversial ..

@annonymousghostdetector8425

2 ай бұрын

@@dq8006 yes it is halal.

Salam, which sheikh gave you the fatwa? Is there a yt video of the fatwa ?

Thanks for this video brother may Allah bless us

@huzaifakeune9830

2 ай бұрын

Was he left I saw his video in which he is leaving

Hi bro, does Indices trading like uk 100 or nasdaq 100 halal to trade as well on mt5 or mt4?

@viiroy921

4 ай бұрын

For me no, because these includes compagnies that are not with the shariah. I stay away from it personnally, Allah u ahlem

Thank u for this video bro. And may Allah guide us all and and keep us away from all the haram Please brother can u tell me any better broker to use

In Broker platform, we set the stop loose and Take profit, is it permissible? Please reply

Brother as per My Understanding No other instrument is more Halal and less manupulated than the spot forex trading unless you break the sharia rule and most of the scholars have a opinion that forex is derivative but you can search on internet its not and Allah knows best and may Allah guide me and you and all of the Ummah

Prophet Muhammed (SAW) “Leave that which makes you doubt for that which does not make you doubt” This hadith indicates that one should abstain from doubtful things and avoid them, because the pure lawfulness does not cause any doubt or disturbance in the Muslim. On the contrary, it causes calming of the heart.

@EPresidential

Жыл бұрын

Subhan ALLAH. When the sheikh I talked to gave me the fatwa, I became more uneasy than comfortable and at peace. No matter how hard I tried to understand nothing was making sense. Then once I read the fatwa, everything came back to me and I had a moment of realization. I was at peace finally. Never before have I been at such peace with this matter, Alhamdulillah. So, please do your own research. And never stop praying and asking for ALLAH's guidance.

@amoyzegh

Жыл бұрын

@@EPresidential One day I dreamed what I was doing was haram, even though I was trading with Vantage FX which claimed to be shariah compliant and have a shariah board, I thought the dream was from sheytaan, since trading was my option A, my only way that I thought I would make it, with all the courses I had, I was in a denial... I entered the forex game due to a muslim guy that promoted Vantage FX and said it was halal, but he traded with a non-halal account this is where I thought it was weird. I did a dua, I believe the next day, notification of you popped saying is Forex Halal or Haram, in a April I thought it was an april fool or something like that, once I watch your videos I had so many doubts, I was not feeling good, it was like my dream was crushed... but may Allah reward you on this one, because for you it would be even worse to announce it but you did good to warn us al hamdulillah So with the duas I came accros more and more infos (especially from FinanceGuruForum a mufti made an investigation on that broker), and once I read back that certification and it was clearly saying at the end in little characters something that I don't really remember but it was actually giving them away that they are cheating people, but they just wanted to back themselves up just in case something bad happens so that they could go away. Few months after Vantage FX don't have muslim accounts, they don't even mention them, certificates are gone. This was enough evidences to stop it, may Allah forgive our ignorance, our waswas, and replace it with better things. Give us success a happy life and after life. A pious women with pious children.

@abbamusa6607

Жыл бұрын

@@pirigubta4205 bro you keep saying scholars who have said it’s halal have brought evidence forward yet we haven’t seen any of the scholars yet, can you mention there names or even drop links to direct us to them so that we can also see for ourselves because pretty much all the Islamic scholars, most of them with Islamic finance/banking sharia background since 1990’s all have the same answers, which is forex is haram, and they also state with evidence why it is haram. I understand you have your own understanding on forex and you love it so much but you also have to think about what this sheikh/mufti’s say, this aren’t any type of random sheikhs you ask, this people are actually qualified to know, they know about the finance market, Islamic investing and all that, they have deep knowledge on anything that consigns the halal ways of investing and making money online. As for me i stopped trading forex at the end for 2020, i was profitable, i was so broken and sad because i was actually attached to it, imagine all the efforts and money you put in just to wake up one day and find out it might be haram, i moved to dropshipping and affiliate marketing but I didn’t like the business that much until i found out that stock trading was completely halal, if you don’t mess with the wrong stocks and i could apply technical analysis on it and it works. So now i trade the stock market. Brother you can do more research and follow what ever your mind tells you. Assalam

@adammajid9308

Жыл бұрын

@@pirigubta4205 bro I am also waiting on a response to a question I had asked further down in the comments so that I may see things from your angle. CFD still don’t make sense in how they could be permissible. I am searching all over the internet and the same ruling keep coming up. Stating That the “contracts” don’t actually represent any tangible thing and things that are bought and sold should actually be of value . Can you explain to me, do contracts come from the market and if so how, where the Contracts are bought when I place a trade, who are they sold back to, where are they made. What do you mean when you say it gets turned back into liquidity I am very confused and seeing all you guys say it’s halal and getting back into trading. This gives me motivation and hope that insha allah I will be able to trade again yet on the other hand my heart is filled with doubt and there is a Hadith that states to leave what is in doubt.

@adammajid9308

Жыл бұрын

@@pirigubta4205 jazakullah for your prompt response brother. I am currently at work and will read into your reply more deeper once finished. One last favour/question where did you find this knowledge on cfd about banks selling contracts through brokers to investors as everywhere I search for they all say the same things such as. “ With CFD trading, you don't buy or sell the underlying asset (for example a physical share, currency pair or commodity). Instead, you buy or sell a number of units for a particular financial instrument​, depending on whether you think prices will go up or down. We offer CFDs on a wide range of global markets, covering currency pairs, stock indices, commodities, shares and treasuries. ” Never mentioning where they acquire the contracts from. Is all this information in the book you recommended as I have yet to translate it yet. Forgive me again brother for pestering you with all these questions. I just want to do my own due diligence before I make my mind up. Allah gave me the eyes, logics and means to Acquire this knowledge and I don’t want to be held accountable on the day of judgment when I am to stand in for our lord for not taking matters like this seriously and not researching to the best of my abilities. May Allah have mercy on you and reward you for the help you have given on this channel.

the commission increases as leverage goes up. This is akin to charging interest because it is like a percentage: the more they "loan" to you through leverage, the more you have to pay them a fee. The only way to escape this is to not use any leverage at all, but it's extremely difficult to make any profit without leverage because the profit margins are minuscule. This is the crux of the matter.

@playthegame4403

9 ай бұрын

No its tied to lot size

@harrentoben2351

9 ай бұрын

@@playthegame4403 lot size increases as the leverage (loan they give you) increases, which increases their commission amount,, and thus is counted as interest

Salam , are you going to trading again on binance with leverage? If so can you make a video how to do it. I know there are plenty of videos on youtube but with you I understand better Barak Allah Oufik.

@EPresidential

Жыл бұрын

Walayikum assalam. I have never traded on Binance using leverage. My spot trading videos are however already on the channel you can give them a watch.

@mohammedalhosni7014

8 ай бұрын

@@EPresidential salam, i was searching in this topic and i found your amazing channel!, i have qution, is there any Cryptocurrency that i can trade on without leverage that will give me a good amount of profit with less then 5k account?

@mohammedalhosni7014

8 ай бұрын

@@EPresidential i hope you will replay to me

Honestly bro I thank you for this video because I’m like pretty religious and been Forex trading for years till recently This year i seen scholars had different views on it but it never felt like it was haram exactly the points u made i told myself too and I didn’t agree with them but I feel like at the end Only Allah knows best

Thank you, dear, for sharing your thoughts. I also did forex trading (demo accounts) and passed the FTMO challenge. Based on my research on this topic, online forex is haram. You have to see the bigger picture. The following are the key factors: 1. The core fundamental is that if you do not own the asset and do trading, it is haram. The contract you are referring to is like a betting contract with your broker. Consider this like a professional gambler with good knowledge of teams playing on a field, and based on his experience, he places a legal bet with a betting company (broker). If the price goes up or down, the gambler will make a profit/loss. The concept of CFD is to trade the price differences of an underlying asset without possessing it. Do not consider technical analysis as an excuse to get rid of the gambling part. 2. In gambling, the professional gambler has no interest or feeling with the teams playing on the field. In online forex, the trader has no intention to buy the actual currency and wants the price of the forex pair to move in a certain direction which he anticipated based on his technical analysis. The gambler wishes that his analysis becomes true and he wins the money. 3. CFDs are considered derivatives as we do not buy and sell any underlying asset. The outcome of this contract will result in the loss of one party and the profit of another party. So, how can a transaction be halal when one person is making money at the expense of other? It is a zero-sum game. There is no value addition in forex trading as the value component is separated from the economic outcome (Profit/loss) component. E.g. if I buy physical or virtual Euro by paying dollars via bank or exchange, I can use euros for my use; that is value. But if I do not own any euros, then I cannot use them, and no value is created. Instead, I am betting on the price difference of EURUSD over a certain period of time. Check the definition of derivatives. Do not confuse technical analysis as the basis of removing the gambling part. At the gambling table, those who know the rules do not make their trading halal, and those who do not know the rules make their trading haram. 4. Making a fair trade or business analysis before entering is always recommended in Islam. But, it does not mean that by adopting certain trading strategies, technical analysis and SMC trading with insane risk management, forex comes halal. It is like saying that if we say takbeer on a haram animal, it becomes halal. 5. Even if I am trading with no swap fees and no leverage, online forex is a CFD where I profit from the price difference. I am not buying and selling the actual currency (physical or virtual). 6. Putting TP and SL, or closing the deal at your onus, does not make the entire contract halal, as the primary motive of the CFD contract is precisely similar to betting/gambling, where you anticipate the underlying asset's price may go. You are putting TP/SL to preserve the principal capital or close your positions to minimize the risk of losing money or gaining profits. 7. Haram is haram, irrespective of its quantity or quality. Choosing a lesser haram over a major haram does not make a lesser haram a halal. Mixing haram and halal components and showcasing them as halal is also not allowed. 8. Actually, derivatives are used as a hedge against a real deal where a trader considers that he may makes a loss in future. However, people started trading derivatives standalone as they are more profitable but risky. Being a chartered accountant who knows derivatives, I changed my mind and completely abandoned forex trading. I was serious about forex trading but prayed to Allah to guide me correct path. Please share your thoughts as well.

@BeAsamurai

Жыл бұрын

Thanks

@playthegame4403

Жыл бұрын

@everything presidential what is your opinion

@hasnainbhai5932

Жыл бұрын

Thank you brother your comment made me left Forex trading. JazakAllah ❤️

@staymotivated35

Жыл бұрын

Jazakallah you made a pin point clearence thanks brother

@annonymousghostdetector8425

Жыл бұрын

If forex is haram then stocks is too because both share same method to place trade and share same tools and indicator.

We trade coffee which is a commodity however v don't hold physical but contract basis, however what I admire online trading is the amount of education it offers to be profitable, and without profit no business exist however digital currency is the future it might be might not be but if we don't understand the online digital currency then there might be a chance v might become or pushed to slavery in the form of bonded labour if not accept digital currency if it is haram.

@EPresidential

Жыл бұрын

Exactly. It is CFDs that allow us to trade the underlying asset without actually having to buy it. A Saudi sheikh was recently asked to give a ruling against crypto currency, and he refused to do so. He said, in the coming years everything might become digital, including currency, and so I don’t want to give a ruling against it because in the future I might be asked to give a ruling in it’s favor.

@mzosama

Жыл бұрын

@@EPresidential This one of the biggest fitna the this and next generations and may witness. Today's world economy is based on dollars and some other powerful currencies. Right? However, these currencies are based on nothing. Dollar does not hold any value within it. As dollar and other reserve currencies are required to settle imports/exports, hence such currencies derive their values from such trades and demand in real terms. Today such currencies are in our pocket, we use them, so it means that this is haram. To a larger context yes, but we cannot control them hence many ulma say that those things which are not in our control does not make our actions haram. However, trading forex is our choice, it is in our control. Therefore, better to stay away from haram as much as possible. Can you transfer your open trades or CFDs outside broker's account. Can you buy your groceries or pay bills via using CFDs. No, such CFDs remain with the broker. A mere access to trade such CFDs does not mean that you own it. Be clear, do not lower down your guards to accept the haram as halal. I have seen your previous video, where you decided to quit forex and share your POV. You were absolutely right. Now you reverted back to forex because it is adopted at large. This is what shaitan makes us believe that you are doing the right thing.

There are many brokers that provide you with Swap Free accounts So u don't have to pay any fees

Assalamualaikum brother and forex I use my own money CAD to fund my MT4 and I buy or sell currency with my money then is it halal

Bro a very important question regarding the risk factor, I did read about this its called maysir meaning that when its has risk and no value which makes it haram and there is hadith about this. please let me know what you think regarding this, i still trade forex but this issue has concerned me for real. the issue is that eveything has risk all the businesses so am fine with that but forex does not have value or does not provide it so what would you say regarding that. this is i guess the last question and issue i have with forex other than that ia m fully convinced its halal.

@hussainmohammad4398

Жыл бұрын

are you active bro

@saifulhuqmohammed1433

Жыл бұрын

Bro tho you use your own money to trade right and you use technical analysis to predict the market then what bro 😊

@TradingwithRizz

10 ай бұрын

R u convinced tht forex is halal

@creepytube2224

9 ай бұрын

I can only say from forex perspective and not overall in islam perspective do not take my word for anything else and do your research. If you still think its haram then maybe its sign that its not for you and you will get something better. If you trade and you say its only risk and no value how come pro traders who execute their trading plans are making money years. Not saying they never loss tgey need to loss to make money so if its risk with no value how can they make a living from it think about it if its only risk you cant make living only from a risk if its only risk without containing some value

Assalamualaikum brother, what about "SELLING" a currency . I mean ( as per forex education ) you borrow from the broker right ?? How can you trade that which is not in our possession , which we don't own ??

@playthegame4403

Жыл бұрын

@@pirigubta4205 Brother , how about indices like us30?? Really hope for an answer you seem very knowledgeable on the topic.

@wallstreetswiper6645

Жыл бұрын

@@playthegame4403 Assalamualaikum brother, Since US30 is a combination of companies. I believe you will have to do research on all the companies that make up this exchange to see if they engage in halal or haram activities. I am a newfound Muslim. But, I have been a forex trader for almost 3 years now. This topic is very important to me because I have dedicated a lot of time and funds to be successful at trading. But, nothing is more important then following the laws Allah has given us brother. If I am wrong, may Allah forgive me. It isn’t my goal to be misled or to mislead.

@sarmadkhan3625

Жыл бұрын

@@wallstreetswiper6645 from your Perspective is forex halal or not?

@wallstreetswiper6645

Жыл бұрын

@@sarmadkhan3625 Hey, I’m still doing my research. I haven’t engaged in the market at all due to this. I guess the issue I’m having is there really isn’t another side of this argument available. Which is a beauty in itself because our scholars often stand in unison on key points of Shariah. I would like to hear a strong opposing view on it being halal vs. haram. Most viewpoints on it are haram. But, I kind of feel like the people who discuss this aren’t knowledgeable of how trading works. Forex is a market place unique to itself. It has some elements that can make it a legitimate industry and some gray areas as well. The gray areas are our concern. Forex involves: . Leverage ❌= Haram . Interest (Swap Rates) which can be avoided by intra-day trading. . It involves some elements which would considering opening “trades” to be loan like in nature. . There is an element of chance that is involved that makes it similar in nature to gambling. I often feel Allah (SWT) has given us conscience to be able to detect right and wrong. If it feels wrong it most likely is wrong. May Allah (SWT) have mercy on us for in which we engage in good faith.

Sir Allahumdullah but sir can we take short position or short selling

@EPresidential

Жыл бұрын

Brother its contracts you are buying and selling. Not the real asset or currency itself. So if its a contract you are trading, how can shorting or selling not be possible? I hope this clears it out for you.

Many thanks mate. Actually most of scholars are not literate as to how Forex system works & the role of broker

@badrhamdaoui655

6 ай бұрын

haraam @@dq8006

@SgtBuzzsaw3820

4 ай бұрын

​@@dq8006 Halal if here is no swap fee payed by you

What is haram is obvious to me. Swaps, naked contracts, short spreads, spread betting. As for speculation then everything revolves around speculation. I enter a position through reason and logic and then rely on God. Relying on God after you enter a position psychologically helps you to hold onto monster positions before swaps.

Where I can buy that book? Can I get a pdf link??

But that would mean that I could play Casino if I got a profitable strategy because I own or buy also a ticket what is like a contract for me with the casino that I am allowed to play and they pay me if I win and I pay them if I loose. Isn’t it exactly the same then with CFD? If yes, how can we consider it to be halal ? Correct me if I missed the understanding, Jezaakom Allahu kheiran

@kaunainabbas7944

4 ай бұрын

But theres nothing technical about casino, you are playing a game and making money, but here in forex, we have technical analysis, reading charts looking into fundamentals dealing with buy and sell, unlike casino where you just bet and lose or win

@b4rkai

3 ай бұрын

@@kaunainabbas7944 but then you can bet on sports games and horse races. If you do research your good

Why do some brokers say that you're trading real stocks, and real crypto and some brokers say that you're trading CFDs stocks and crypto? That means I can trade future in binance rather than spot trading because I'm a scalper? And if you can show us what we can do, what we could trade because I'm a little bit confused with future trading and leverage in general

@EPresidential

Жыл бұрын

When you trade crypto, stocks, commodities etc using MetaTrader, you are trading CFDs. When you trade crypto by buying the actual coin in said quantity, through a crypto platform then you are buying the actual currency. Same goes for stocks. When you buy the actual stocks or shares from a platform that actually sells you the actual stocks or shares, you are buying the actual stocks and shares. It is MetaTrader that allows you to trade CFDs.

@b.mohameddjassem7078

Жыл бұрын

but you didn't answer my question, about trading crypto with leverage because it seems to me that this is better than trading CFDs because I'm buying the real product with leverage, my problem is only with CFDs why it's halal, just an answer and what the difference with trade real stock, real crypto? I hope that you understand my question

@b.mohameddjassem7078

Жыл бұрын

@@pirigubta4205 ok, thanks for your answer, and that means binance future and forex with leverage and future stocks are allowed in Islam in your POV? And I hope everything presidential answers me

@b.mohameddjassem7078

Жыл бұрын

@@pirigubta4205 thanks bro God bless you

@abbamusa6607

Жыл бұрын

@@pirigubta4205 I think options are more more halal than forex. You can’t just say it’s haram because you prefer forex, check out what sheikh joe bradford had to say on options. Check him on KZread

Selam alejkum brothers and sisters I just wanna ask 1 think. Brokers make money of spreads and they lend you money so they are actually making money with thems money and thats riba or am i just wrrong on that?

@MdRizwan-sm4kc

2 ай бұрын

Actually yeah it's true that broker charges interest or swap on overnight position holding it you are using leverage but there are tons of brokers that provides Islamic account so they do not charge interest on leverage on overnight position.

Salam brother, I will not consider Forex as haram, and a biiiiig thank you for your présidential vidéos you’r thé best … keep going bro !

@amoyzegh

Жыл бұрын

Wa aleykum salam wa rahmatuh Allah wa barakatuh, why will you not consider this haram?

@amoyzegh

Жыл бұрын

Wa aleykum salam, It's haram brother and I think the comment is really from him, I believe he got hacked..

@kykosha1

Жыл бұрын

@@amoyzegh salam bro, inchallah we will see that at our creator if its hram or not. And yeah i saw that i think he stole his photo profile only

@amoyzegh

Жыл бұрын

@@kykosha1 Wa aleykum salam, brother No scholars say it's halal for forex and cfd, do your salat istkhara, I got a dream it was haram bro. Ribba is involved which is one of the worse things you can do. Allah yesterna

@kykosha1

Жыл бұрын

@@amoyzegh Amin allah yester, bro, again when i see Why is haram and what we do actualy is totaly diffrnt. Because when you place an ordre you dont buy virtual monney that you dont own but you buy a contract, and the point is that, since you buy something with your monney is become trading, then bro the trading is halal

Which halal broker should we use ?

How about trading cryptocurrency derivatives like perpetual future, option, and inverse perpetual? @Everything Presidential

Thank you dear brother

Ameen

many people are telling me forex is a zero sum game

Can we trade us30 ? Is it halal ?

Brother prop firm trading like ftmo,mff etc if we do trading thorough ftmo and prop firm is it halal or not?

@EPresidential

Жыл бұрын

Please do your research on profit splitting in Islam. Since that is one of the major factors here. The trading must also be done the right way. But the main factor is the profit splitting.

@lucifer5998

Жыл бұрын

@@EPresidential bro You are answer was So Complicated Tell me Is It halal Or not And If you don't know The answer Then tell me

@EPresidential

Жыл бұрын

@@lucifer5998 May ALLAH guide us.

Short position is haram cz we don't win money for négative situation

Assalamualaikum brother I see this video so some people buy or sell without a strategy right so it’s a part of gambling tho it went in their correct direction but brother I know how to predict I use SMC too so that’s not gambling cus I have my hard work 😓 and I have my prayers for it right then it halal right and brother is MT4 good to trade is it halal I use Hugo’s way broker account 😊

Forex trading is based on CFDs. Which is not permissible.

Bro can you explain about option trading.😢😢😢

I love lilah bro!

So it's Halal or haram

Forex halal or haram?

Is Iq option halal or not Please reply for me

@abdifatahm5958

5 ай бұрын

it is GAMBLING

Have anyone a Single Fatwa from the whole world that Forex trading is halaal? if no then don,t say it some scholars says yes and some say no to forex

Brother please can u drop the book pdf here I really need 🙏

Halal or haram??

@annonymousghostdetector8425

Жыл бұрын

halal

Bro is it some new shaikh you spoke to? Many others online have said it is haram. You held steady all this time. Think it through . You have the skills to make money without dabbling in it.

@EPresidential

Жыл бұрын

Yes he is a new sheikh. The problem is the fatwas are given about something else. Online forex trading is something else. I have spent a year and a half thinking and researching. There are also sheikhs which prove it is halal. They are the ones who have researched about it and studied the topic thoroughly. ALLAH knows best.

@fishmorecatchmore2787

Жыл бұрын

@@EPresidentialThere is another brother who dove deep into into it. He is on KZread under a halal investing channel. He came to the conclusion that it was haram. 100 percent Allah knows best. May Allah forgive all of us for our shortcomings. Ameen.

@EPresidential

Жыл бұрын

@@fishmorecatchmore2787 I would suggest researching everything you want to invest your money in yourself. Understand everything or atleast try to understand it yourself. ALLAH will guide you through your conscious. Ameen ya rab.

@fishmorecatchmore2787

Жыл бұрын

@@EPresidential I have many shortcomings brother too many to name. Always trying to avoid an extra one and slowly trying to relieve myself of the ones I have. You are correct about doing research ourselves plus our deen is being molested by many looking for fame or a buck even our knowledge holders. I guess we can try and keep our intentions halal and try to avoid as much as possible and repent for the stuff we are not so clear about. You are a talented guy I rate it MashaAllah. Keep grinding bro and sharing your knowledge like you have been doing. Especially on the crypto and what not. InshaAllah it benefits those that need it most.

@EPresidential

Жыл бұрын

@@fishmorecatchmore2787 May ALLAH help you and all of us as we are all in need of His guidance more than ever. We are very undereducated my brother. It is saddening. Once enlightened with the knowledge of deen and dunya both, we can't help but realize we are drowning in haram more and more every day. For example, the paper currency we use today, it is released by the banks and the banks cannot run without interest. So if our regulating bodies themselves are starting with haram, we can only imagine what us normal people are being a part of, even unintentionally. So all we can do is pray, and hope for ALLAH does not abandon His slaves.

Forex is haram. Full stop.

@faruki.tradez

7 ай бұрын

That's your Opinion not the reality

@annonymousghostdetector8425

3 ай бұрын

That's ur opinion bro. fullstop.

Thank you for taking your time on this one ! Clear explanation on every single point. But I have a question concerning the CFD, a large majority of people say CDF in it self is Haram because of speculation and the fact that you actually buy “nothing”, so how is it an counter argument for the halal pov, I did not really get it ? (Appart from being the counter argument to people saying you need to own currency)

@EPresidential

Жыл бұрын

You are actually buying a contract brother. We are buying and selling the contracts, this is what CFDs are. Online trading is buying and selling these contracts not the actual underlying assets. This is what you have to understand. You are however speculating on the price of the underlying asset, which in our case is currencies. Now speculating is halal or haram, I can’t say that. I have an understanding of the markets. How the currencies perform, technical analysis, fundamentals, all of these go into the trading of these CFDs. So does that still make it haram? I believe if I follow the way I have explained in the video then I should be good. May ALLAH forgive me if I’m wrong and guide me to the right path. Ameen.

@MrLeGamer92YTB

Жыл бұрын

@@EPresidential I see, so if I'm buying a contract than the ruling of "Bay al-Sarf" here doesn't apply anymore right ? No need to buy on spot, hand to hand, gold limitation, ect.. because we are not trading the commodity itself, and we can't call it speculation because we have an analysis . Did i get it right ?

@MrLeGamer92YTB

Жыл бұрын

@@EPresidential And also what about the "combination of a loan and sell/condition" ? Because the borker, even if no additional fees are charged, is lending the money on the condition of you using their broekrage services and wouldn't lend you that money if it wasn't the case. So this is considered Riba as it is an excess, a confition the lender lends his money, "a combination of a loan and a sell" prohibited by the prophet peace be upon him. So what would be the counter argument to that ?

@EPresidential

Жыл бұрын

@@MrLeGamer92YTB It is a spot transaction brother the only difference is it is happening digitally. And yes it is not just “speculation” if you trade using a proper trading method. ALLAH knows best.

@EPresidential

Жыл бұрын

@@MrLeGamer92YTB I have already answered this in the video. Use 1:1 leverage and you will have to trade using a bigger capital if you want to trade bigger lots. Don’t use 1:50 or 1:500 and so you’re not using the loan to open up bigger lots.

Pls can you share the book with us??

@EPresidential

Жыл бұрын

You can search for it on the internet its easily accessible.

@abbamusa6607

Жыл бұрын

@@EPresidential name of the book pls

@EPresidential

Жыл бұрын

@@abbamusa6607 تجارة الهامش - دكتور محمد القري

@adammajid9308

Жыл бұрын

@@EPresidential hey bro I’m assuming that you have translated the pdf can I possibly buy a copy of you. Everyone on fiver and upwork is charging $150+

Stop decieving yourself. It's haram. If its been so complicated for you to decide, its CLEAR. HARAM.

@EPresidential

Жыл бұрын

It’s clear to me that you commented on here without watching the full video. Anyways, jazak ALLAH for your concern.

@abbamusa6607

Жыл бұрын

I swear i can understand the complication, he knows that forex is a no go area but i think he’s to attached to it, imagine the money and effort you put into learning something you love just for you to wake up one day and find out it’s haram, that will break your heart. That’s exactly what happened to me. When I found out it was haram I tried every possible means to look for a scholar who says it’s halal or just something that can make it halal, there was no way sadly. There are just so many factors that makes it haram wallahi, assuming it was margin/leverage trading on crypto without the use of cfd’s that would have been a better topic to talk about.

@EPresidential

Жыл бұрын

@@abbamusa6607 Salam alayikum. Brother I’m very sorry to say but I swear this comment of yours hurt me more than all the other comments on my channel. But maybe you said and assumed all the things about me out of misunderstanding. You mentioned a couple of things but I only want to respond to one since that is the only one I care about. You said, “I think he is too attached to it”. My brother, ALLAH knows what’s in my heart, Alhamdulillah. If I expanded on this furthermore you’d think all kinds of things about me since that’s what you already did. May ALLAH bless us with Halal rizq in abundance. And may He never let us stray away from the right path, Ameen.

@abbamusa6607

Жыл бұрын

@@EPresidential bro I’m sorry if you felt offended, I should’ve put my words in a much more better way🙏🏽.

@hariskk4916

Жыл бұрын

@@abbamusa6607 crypto is widely using illegal activties

Dont mind but shatan capured you again . Let me clear this with common sense and reality . We are not buying a contract we are doing a comtract in with we set tp , sl , buy limits , sell Limits this is all when you open your running contract it will sgow you these things sl, tp commission , spreads , profit or loss , please i request every one use common sense

@annonymousghostdetector8425

Жыл бұрын

i request u to use more of some common sense, ITS A DIGITAL CONTRACT , A DIGITAL CONTRACT that u can work for price difference ... suppose u work at macdonald and u r the manager , will u ask for ownership ? use some brain bro get it lubricate with wd40.. if u cant do urself then let others do in peace, may Allah Hidaya you and those who thinks its haram

@annonymousghostdetector8425

Жыл бұрын

our job as a trader is to invest and manage risk thats ITTTTT...! we dont need to get ownership in currencypair

Salam

@EPresidential

Жыл бұрын

Walayikum assalam.

Hi, teligram group and discord link ???

Okey what of funded fx account ..! Example..! FTMO, fundingtradingplus, Blufx, fundednext, myforexfund., and etc all those are companies that only give u the acct with leverage to trade and u both split the profit..! How ever the leverage those not concerned you but them the only thing for u is to trade and u share the profit with the company loss/gains..! What its ruling..?

Ameen

Okey what of funded fx account ..! Example..! FTMO, fundingtradingplus, Blufx, fundednext, myforexfund., and etc all those are companies that only give u the acct with leverage to trade and u both split the profit..! How ever the leverage those not concerned you but them the only thing for u is to trade and u share the profit with the company loss/gains..! What its ruling..?

@EPresidential

Жыл бұрын

Please refer to the rulings on investing with borrowed money. Jazak ALLAH.

@In_muhammad_trader

Жыл бұрын

@@EPresidential like…? I don’t understand bro 😎

Ameen