FOREX TRADE, IS HARAM OR HALAL?
Please scholars, I need your Answers to this question. Thanks.

Bro is a complete gambling and is HARAM...

tunde1200: Bro is a complete gambling and is HARAM...

and how is it a gambling? do you care to explain to us??

habbey99: FOREX TRADE,IS HARAM OR HALAL?
Pls scholars I need ur Answers to this question
Thanks

there is nothing haram about forex trading. its like every other business that requires takings risk and working with probability ( and the control is totally yours. creating orders out of chaos)

I think we should be careful about giving halal or haram verdicts... I do not know the full workings on forex so i can not offer a opinion. Just a note of caution.

tbaba1234: I think we should be careful about giving halal or haram verdicts... I do not know the full workings on forex so i can not offer a opinion. Just a note of caution.

just because you didnt understand the working of forex mean u shd start giving us lecture on how to call haram or halal (stop taking a moral high ground over us)

tunde1200: Bro is a complete gambling and is HARAM...

I hope u don't trade stocks either because they are very similar.

beejaay:
just because you didnt understand the working of forex mean u shd start giving us lecture on how to call haram or halal (stop taking a moral high ground over us)

All i am saying is, we are not scholars. We should be careful about giving verdicts on halal and haram. I have been guilty of this as well.. I am not trying to hold the moral high-ground.

tbaba1234:

All i am saying is, we are not scholars. We should be careful about giving verdicts on halal and haram. I have been guilty of this as well.. I am not trying to hold the moral high-ground.

u cant say am not a scholar ( what is the yardstick for calling someone scholar). no one has verdict more than me on what Haram or Hala is except God Himself (and His prophet), everyone else is just like me and i can even say am far better than them (cos i dont know whats in their mind but i know mine 100%).
Thank You

beejaay:

u cant say am not a scholar ( what is the yardstick for calling someone scholar). no one has verdict more than me on what Haram or Hala is except God Himself (and His prophet), everyone else is just like me and i can even say am far better than them (cos i dont know whats in their mind but i know mine 100%).
Thank You

A scholar is one who has actually studied the Quran and the authentic narrations of the messenger. True, Allah and his messenger know best but how much of the Quran and hadith have you actually studied to be able to make judgements on issues that are not straightforward.

You visit a doctor because he has read medicine. You read scholar's opinions because they have actually studied the islamic sciences.

You can decide to accept or reject a scholar's opinion based on the evidence he provides. It is all about the evidence.

And Allah knows best.

tbaba1234:

A scholar is one who has actually studied the Quran and the authentic narrations of the messenger. True, Allah and his messenger know best but how much of the Quran and hadith have you actually studied to be able to make judgements on issues that are not straightforward.

I repeat no one on Earth is more qualify to interpret Quran or the hadith more than I do (yes I might listen to other views but the final decision still lies with so u see I still have the final say).

tbaba1234:

You visit a doctor because he has read medicine. You read scholar's opinions because they have actually studied the islamic sciences.

please stop this ur rethorics my ITK. do you knw me to start passing judgement down?

why do u guys behave like this sef? ( feeling no one is better than you around here)

tbaba1234:

You can decide to accept or reject a scholar's opinion based on the evidence he provides. It is all about the evidence.

and how did u know i dont have evidence? did u ask ask for one before jumping to conclusion mr puma

tbaba1234:
And Allah knows best.

Please stop this line. How do you know what I know to make decision on my behalf? Must I go to Alhazar before I become a scholar (well they say my people perish fopr lack of knowledge).
Oh I see I must be bearing Saad bn Ambali before I qualify as a scholar in your eyes (very funny).

naijababe:

I hope u don't trade stocks either because they are very similar.

dont mind them. they dont even engage in buying and selling of lands or maybe even dollars when they need it.
u just marvel at how people reason around here

beejaay:
dont mind them. they dont even engage in buying and selling of lands or maybe even dollars when they need it.
u just marvel at how people reason around here

Quite frankly, knowledge in Islam is not about boasting, it is about presenting a learned position with references. Kindly do that if you are endowed with such knowledge.

naijababe:

I hope u don't trade stocks either because they are very similar.

There are several factors involved. However, it is safe to say that whatever it is that is being sold becomes really suspect once you really on pure speculation. It could even be shoes.

maclatunji:

There are several factors involved. However, it is safe to say that whatever it is that is being sold becomes really suspect once you really on pure speculation. It could even be shoes.

and will u care to tell us what business exist from time memorial that doesnt rely on speculation (no matter how small) even the land you buy for future sake rely on speculation that land will appreciate over time.

you guys should try and look deep into the meaning of words rather playing the facial meaning like u do most times

maclatunji:

Quite frankly, knowledge in Islam is not about boasting, it is about presenting a learned position with references. Kindly do that if you are endowed with such knowledge.

knowledge in anything "not only in islam" is abut boasting. you should have directed ur question to friend in cult to explain why he had to attack me with threat (careful word) instead of asking for reasons why.
just because you dont know things doesnt mean other dont

maclatunji:

Quite frankly, knowledge in Islam is not about boasting, it is about presenting a learned position with references. Kindly do that if you are endowed with such knowledge.

knowledge in anything "not only in islam" is not about boasting ( boasting= EGO and our job on this earth to win the war of duality that EGO bringeth to us). you should have directed ur question to friend in cult to explain why he had to attack me with threat (careful word) instead of asking for reasons why.
just because you dont know things doesnt mean other dont

maclatunji:

There are several factors involved. However, it is safe to say that whatever it is that is being sold becomes really suspect once you really on pure speculation. It could even be shoes.

There is no area in business that is completely devoid of speculation.

naijababe:

There is no area in business that is completely devoid of speculation.

Note the adjective 'pure', not a little or some.

beejaay:
knowledge in anything "not only in islam" is not about boasting ( boasting= EGO and our job on this earth to win the war of duality that EGO bringeth to us). you should have directed ur question to friend in cult to explain why he had to attack me with threat (careful word) instead of asking for reasons why.
just because you dont know things doesnt mean other dont

And I am saying let us gain from your knowledge if you have it.

beejaay:
I repeat no one on Earth is more qualify to interpret Quran or the hadith more than I do (yes I might listen to other views but the final decision still lies with so u see I still have the final say).

Easy bro, i didn't know you had so much knowledge.

please stop this ur rethorics my ITK. do you knw me to start passing judgement down?why do u guys behave like this sef? ( feeling no one is better than you around here)

I haven't passed judgements, i said people qualified in the field are best placed to make verdicts. I am an engineer, so i can not issue fatwa. I know very little about the islamic sciences.. I do not even qualify to be a student of knowledge.

I just asked for caution, that's all.

and how did u know i dont have evidence? did u ask ask for one before jumping to conclusion mr puma

If you have the evidence then provide it. I didn't jump to conclusions, i just said be careful.

Please stop this line. How do you know what I know to make decision on my behalf? Must I go to Alhazar before I become a scholar (well they say my people perish fopr lack of knowledge).
Oh I see I must be bearing Saad bn Ambali before I qualify as a scholar in your eyes (very funny)

Yes, you must study to become a scholar, you can not make verdicts based on what feels good to you. Islamic sciences are so broad, that it is impossible to claim scholarship without studying.

Your name is your name.

And certainly Allah knows best.

naijababe:

I hope u don't trade stocks either because they are very similar.

Please in finance theory, there is a difference between investment and speculation
We are using Islam and Shariah to decide what is lawful or not
It is not determined by whether candlestick charting tells it is right to enter or exit

BetaThings:

Please in finance theory, there is a difference between investment and speculation
We are using Islam and Shariah to decide what is lawful or not
It is not determined by whether candlestick charting tells it is right to enter or exit

I don't know enough about finance theory but one thing that I know for certain is that every investment is driven by some degree of speculation. Proper investing/speculating will require you to have a method of exit, is exiting by candle stick charting what differentiates an investment from speculation in your opinion?

maclatunji:

Note the adjective 'pure', not a little or some.

That is a tough one. There are some businesses that are based purely on speculation. The airline industry is a good example of such. Would the airline industry be considered haram too given that a large part of it is based on speculation?

beejaay:
I repeat no one on Earth is more qualify to interpret Quran or the hadith more than I do (yes I might listen to other views but the final decision still lies with so u see I still have the final say).

Your postings are based on boasting, conceit and indulgence in self sufficiency
Modesty is part of faith in Islam. You are yet to demonstrate it

beejaay:
(well they say my people perish fopr lack of knowledge).

Who say this? Your source is interesting. The irony is that the people you harass are clear-headed enough to know that one can perish without knowledge and are likely to seek knowledge
But the one who lacks knowledge and does not even know that he does not shouts on the more enlightened to shut up

beejaay:
and how did u know i dont have evidence? did u ask ask for one before jumping to conclusion

We don't need to ask you. Your past posts that go against the fundamental of Islam are enough!
We know you don't have the knowledge required to make informed decisions in Islam. There will always be people in every sphere of life who hold contrarian views. It does not make them more knowledgeable

beejaay:
can u also see you are silly how did u know Muhammad was a prophet, were u there?? how did u know Jesus was a messenger (ohh because your Quran said so), grow up and respect individual way of reasoning and conviction.how are u even sure u are real and existing (can u prove it??)

beejaay:
can you just imagine how people think? by subjecting people to laws that they have know say as to when and how its being unleashed is an injustice to freedom of choice of people. the shariah law is one form of Monarch mind control game. am a Muslim myself or maybe a theist and i will continue to be (am a muslim because of the definition of the world Islam which means TO SURRENDER TO ALL THAT IT IS. i surrender to death, i surrender to sickeness and sound health whichever comes, i surrender to life, i surrender to consequences of all my actions, i surrender to all things that i have directly or indirectly put on myself). I dont believe in obligation and i dont believe some people are messenger of God and others like me are not. I dont believe in Praying all the time as a form of obligation( i pray whenever i feel like praying and whenever i feel i need to be calm or maybe i should call it a form of meditation that involve recitations), i dont believe in Zakat being obligation but i believe in free-giving (zakat was created to fund the center during the beginning of Islamic era). I dont believe in Pilgrimage to mecca as an obligation ( i only see it as a tourism to marvel at the creation of the great intellect, something i will do to all other places with equal right), I believe in Prophet Muhammed to be a prophet cos am also a prophet (even though what we preach and deliver might be different but i know a message is a message). the great Intellect (otherwise known as GOD) created us equally and no one is above the other and no one should suppress what others want/wantnot (Love is Love when is freely giving and turn to hate when its forcefully asked. if God want me to Love Him he will surely want me to discover it on my own term and not ask someone to force to love me)

naijababe:


That is a tough one. There are some businesses that are based purely on speculation. The airline industry is a good example of such. Would the airline industry be considered haram too given that a large part of it is based on speculation?

Your definition of the word "speculation" may not exactly be the same as mine.

maclatunji:

Your definition of the word "speculation" may not exactly be the same as mine.

Ok.

naijababe:

Ok.

@Naijababe @all, I think the opinions expressed here aptly represent my understanding of the issues raised by OP:

http://infad.usim.edu.my/modules.php?op=modload&name=News&file=article&sid=9581

maclatunji:

@Naijababe @all, I think the opinions expressed here aptly represent my understanding of the issues raised by OP:

http://infad.usim.edu.my/modules.php?op=modload&name=News&file=article&sid=9581

Thanks for that link. That is the position I would expect any reasonable muslim to take. This is why I cited the airline business which is driven largely on speculation.

naijababe:

Thanks for that link. That is the position I would expect any reasonable muslim to take. This is why I cited the airline business which is driven largely on speculation.

Are you a Muslim?

maclatunji:

Are you a Muslim?

Used to be.

naijababe:

Used to be.

alright...