The TRUTH About FOREX - Halal or Haram🤔
The TRUTH About FOREX - Halal or Haram🤔
So many brothers and sisters have got involved with forex because it gets promoted as 'easy money' and 'get rich quick' but the reality is very, very different! Most take 'fatwas' from dodgy characters and get tricked into indulging in an unethical industry which is HARAM! In this video The Muslim Investor breaks down exactly everything wrong with forex
Also on a side note one thing I failed to mention is how everyone promotes it as a multi TRILLION $$ industry but how many actually openly tell you the retail forex market makes up just 5% of that?
And if you didn't know, end of the day when doing FOREX you are trading in FIAT currencies looking to profit. Fiat money is entirely 100% haram. It is backed by nothing but RIBA, DEBT, and TERRORISM
Trying to profit from this industry as a Muslim is unethical at best, haram at worst
Avoid the bs gurus (and misguided/uneducated scholars) who try call it halal without fully exploring and understanding it from a deeper level
Learn how to make money the halal way with Muslim Millionaires - muslimmillionaires.com/
insta: / wisdomofay
#makemoneyonline #money #islam
---------------------------------
Make sure to comment 💬 if you found it helpful, i will be responding to everyone❤️. Like and Subscribe so we can reach even more people and help this ummah.
🟥SUBSCRIBE🟥 - / @wisdomofay
---------------------------------
tags IGNORE:
The Muslim Investor,Stocks,Trading,Forex,How to trade,how to make money with forex,get rich quick,halal money,is forex halal,is forex haram,how to invest as a muslim,muslim,halal,halal investment,Halal income,Muslim entrepreneurs,stocks trading,stocks,make money online,halal income,islam,investment,sharia compliant,investing,wisdomofay,forex trading halal or haram,what does an islamic forex account mean,forex halal or haram,forex halal or haram in islam
Пікірлер: 41
Great video! we need this to go viral Inshallah. Jazakallah akhi. Keep spreading the word.
@WisdomOfAY
3 күн бұрын
wa iyaak
مَا شَاءَ ٱللَّٰهُ video editing is 🔥👀
@WisdomOfAY
3 ай бұрын
jazakallah khairan my brother
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.
Assalam o Alikum. I have an question, if we do spot trading using no leverage and being as less speculative as possible and paying no fees to the broker. (Broker requires no fees, only he wants us to use his platform.) Will it still be considered haram? Please clarify. With detail than you
It feels me In Between the Video your promotion was more harmer than haram..the way u convincing 😂😂😂😂
Assalamualaikum Bro…. I want to hear your opinion on trading prop firms. Since its all simulated you are basically demo trading. Is that halal or haram in your POV? Thank you
@WisdomOfAY
2 күн бұрын
check out this video: "Is Forex Permissible in Islam | Ustadh Muhammad Abdulrrahman" and start from minute 56
I Like your ideal
You mentioned trading stocks and crypto, so this is halal to day trade? And I mean specifically day trade not regular spot trading
@rockybsi9742
23 күн бұрын
Settlement time t+0 =spot immediately then halal
What about prop firms akhi
U realise we can't just their brokerage for free, they take care of our accounts as well hence why there is admin fees.
main point for me is the CFD point.
@gotgaming215
Ай бұрын
So exness is halal can I trade in exness broker ?
@mootje-dj3lb
Ай бұрын
Is exness a broker with not cfd contracts ?@@gotgaming215
@SgtBuzzsaw3820
29 күн бұрын
Only point
@YaasinEl-dr6qq
6 күн бұрын
Who asked you
1. excessively risky if u MAKE IT that way, with the correct strategy, risk management, good trading psychology then what is there to worry about? Especially with funded accounts you avoid any haram matters entirely.
@user-zj6iz1rl8d
3 ай бұрын
their is riba in forex even in halal accounts. but their are some good videoes i recommend watching them and make your decision. when you push or pull their can be riba in it, so i wouldnt risk it. their are lots of good industries but its your decision.
@imtiazzz.
3 ай бұрын
Funded accounts is all simulated, so interest entirely is not involved. I'm still speculating and researching on swap-free accounts on the other end@@user-zj6iz1rl8d
@imtiazzz.
Ай бұрын
@@user-zj6iz1rl8d done some research on the matter, and i agree, still too much we don't know so i'm avoiding live accounts, sticking to funded accounts as there is no riba involved at all.
What about prop firms?
whats your opinion on investing in meme coins brother? jazakAllah Khayr
@WisdomOfAY
18 күн бұрын
very risky
Is swap free accounts halal
Bro if I don't pay interest on leverage is the leverage then halal?
@WisdomOfAY
18 күн бұрын
yeah, but it will usually be disguised under "fees", its interest but they like to hide it
@YaasinEl-dr6qq
6 күн бұрын
@@WisdomOfAY its not our probleme if they lie stop acting like a sheikh
Mufti is not a scholar akhi, Rather a student of knowledge
Bro KZread ad revenue halal or haram??
@WisdomOfAY
3 күн бұрын
i can make a video about that
Using yarimis face for views is muggy
@b4rkai
3 ай бұрын
nope yarimi blocked me on insta after exposing CFDs and how his fatwa doesn't mention CFDs at all. He said he would have a podcast about it coming out with an Ustadh but shortly after the Ustadh changed his decision.
P R O M O S M 😂
Is youtube channel hlal????
@WisdomOfAY
3 күн бұрын
?
@user-tg3vh1ho9l
2 күн бұрын
@@WisdomOfAY a.o.a is KZread channel income halal or haram make video