Do you want to learn Forex but you are afraid that the investment activities are haram and sinful? Are you still confused whether trading is halal or haram? You should not trust information that is too unclear too easily. Moreover, hoax news is now growing rapidly, supported by advanced and modern technology that makes people easy to believe. You must be good at using technology to find out the truth with certainty.
If you learn more, there are so many benefits and advantages of foreign currency transactions. Because of the international scale, the extra money earned is certainly not in the form of your country’s currency, but the American Dollar, European Euro, or Pound Sterling where the exchange rate is very high.
Forex trading is not gambling
Not a few ordinary people directly judge that Forex trading activities are haram because it is tantamount to gambling. The reason is that a trader or player will put up capital in a particular type of currency then wait for the price to go up and down. You only need to sit, without working hard, moving, or even going to the office, but you easily get money to become a billionaire.
That is what then makes people speculate themselves if trading Forex is haram. In fact, the basic principle of foreign exchange is purely trading. In other words, you can think it as a business of exchanging foreign currencies. Traders can obtain abundant profits obtained from the difference between the exchange depending on market conditions.
As for gambling, all players’ decisions are taken through prediction or luck. Unlike the case with trading because even if you sit still at home, but the mind is working optimally. You need to make maximum decision making thoroughly by considering fundamental analysis, technical, a little instinct, and other specific strategies. In essence, ordinary people without the ability or qualified knowledge can not trade before learning Forex first.
The fantastic amount of money that traders earn is not the result of an international scale bet but regulated globally. Besides, players or sellers and buyers know the flow of the transaction, the number of funds, and other information. Even though the transaction does not have the form of goods because you do it online, there is certainty about the nominal, time, etc.
Is Forex Trading Halal or Haram for Muslim?
Buying and selling foreign money even though you do it indirectly is still considered legal. Traders are not harmed at all, there is no cheating because everything is transparent or can be monitored directly. Except if the money from trading forex is not given by the head of the owner so that it can be said to be illegal or fraudulent. Moreover, all estimates or price movements of each type of foreign currency can be known by each player.
It’s clear that trading is halal based on Islamic Religion. You don’t need to worry because Forex trading is safe and halal to do.
Read more: What is the Best Online Trading Payment?