ANSWER: Do not invest in forex but keep your dollars in the bank and you can change it whenever you want.
Read moreANSWER: No problem, providing its shariah compliant. Do you not ride cars and use electricity? Is using it haram for this reason you had mentioned? In order for any investment into the shares of a company, two conditions must be fulfilled: 1- The line of work is halal. 2- The company doesn’t deal in Riba […]
Read moreANSWER: Buying something that you don’t know of whether it is few or plenty and whether it is good or defect or whether it is worth the price or not, this is prohibited and it is like gambling.
Read moreANSWER: If they’re still in your name, you must sell them off and take only the money that you got it for and give away anything extra if you get, to the poor muslims. You should not let your mum keep them as they’re on your name and the sin will be on you.
Read moreANSWER: It is not like gambling. It is just like any other business with profits and losses. However one should invest in halal company shares. Watch the link below to know which are halal shares to invest in: https://youtu.be/isra5jbCCWc
Read moreANSWER: I believe you should sell it and get rid of it and invest in something that is halal and more clear.
Read moreKindly refer to the following link(s): https://www.youtube.com/watch?v=M0Ckp3siDvo https://www.assimalhakeem.net/i-want-to-know-that-is-forex- trading-halal-or-haram/
Read moreThis is not permissible as you are not buying anything physical and you are simply being fooled to keep your money with them and they use it to get more like you in and pay them money. This is called multilayer marketing and also pyramid schemes.
Read moreIt is not permissible to trade in currency except if the transaction is done on the same spot and time by giving the money and receiving it hand by hand at the same time. In Forex, you need a day or two before you can cash your money, if I am not mistaken.
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