Invest Money With SomeOne In Forex Trading Business Is Halal Or Haram..?
Q: Suppose If i invest money with someone one for getting profit and profit or lost is also shared and profit or time period is not fixed and the man is also a owner of private forex trading company which i invest my money so is this halal or haram by islamic point of views. There is a lot of peoples who are investing a big amount with this man or company so please answer this question deply or explain this because there is a big issue or problem in our area the site of this company is http://akforex.com.pk and his name is Afzal Khaliq And He is also from pakistan.
بسم الله الرحمن الرحيم
In the Name of Allah, Most Gracious, Most Merciful.
Online forex trade is not considered compliant with the rules of Islamic Shariah. Therefore, one should avoid doing business in online forex trade as well as investing in it.
"On the spot forex trade whereby two or more parties physically conduct a transaction of currency exchange is permissible and it is also permissible to invest it"
And Allah knows best.Mufti Ikram ul Haq
Fatwa Center of America
Answered By: Mufti Ikram ul Haq - Fatwa Center of America
Question:
Answer:
بسم الله الرحمن الرحيم
In the Name of Allah, Most Gracious, Most Merciful.
الجواب حامداومصليا
"On the spot forex trade whereby two or more parties physically conduct a transaction of currency exchange is permissible and it is also permissible to invest it"
And Allah knows best.Mufti Ikram ul Haq
Fatwa Center of America
CLICK-HERE to visit the site of this fatwa
Asalam-o-alaikum Brothers and sisters today there is a big issue in every where in the world that what is the main difference between INTEREST (RIBA) or Business and Also HALAL or HARAM so i am trying to know about this and i'm doing research about this international or very important issue so i request you people that if you have any idea, question, suggestion, or Knowledge please share with your other brothers and sisters by posting your comments here.
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