Islamic principles govern many aspects of a Muslim’s life, from social to economic matters. We will go into further details later in this article for Muslim traders that want to know more. Examples of such requirements are immediate execution of trades, immediate settlement of transaction costs and zero interest rates on trades. Trade Varies by asset Leverage 1:2000Ī halal broker is a broker where a trader can get a special trading account that satisfies the trade-related requirements of Islam. Instruments Forex, metals, cryptocurrencies, energies, indices, stocks Regulator FSA, CySEC, FCA, FSCA, FSC, CBCS Platforms MT4, MT5 Min. It will break down forex, stocks and binary options in particular, and try to offer guidance on how to stay Halal. This page will consider numerous viewpoints and sources in order to answer whether day trading is halal or haram. Is day trading Halal or Haram, and is there such as thing as an Islamic trading account on the financial markets? With one-quarter of the world being Muslim and the development of online trading, the question of where intraday trading fits in with Islamic law is increasingly being asked.
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