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moizhassan posted:Everything related to world is accepted except which is prohibited and everything relating to worship is prohibited except which is accepted by Quran and Sunnah. The responsible owner ship only applies to buying of food items.Prophet Muhammad (pbuh) said: “He who buys food grain should not sell it until he has taken possession of it.” [Sahih Muslim]So you can't add anything else.Short term trading isn't like gambling either.[/quoteHi Moizhassan,Short selling applies to everything not just food grain. See below link where I have listed the two hadit...

Islam and Trading v Obecné Dec 07, 2017 at 07:53

Hi Aimak,I was being sarcastic 😁 😁In Islam, it is written that money earned through inappropriate ways is not accepted by by God if even if you give to charity or help others.If you want to help, you must give money that has been earned through legitimate ways.Hope this helps.

Islam and Trading v Obecné Dec 06, 2017 at 15:38

Hi AmDiab,I would suggest you re-read what I have written and what I said Moizhassan.If you are a Muslim, I would suggest you consult a scholar in Islamic Finance as it seems to me you really want an answer than correspondents with what you wish.It is not about profit/loss - it is about the type of business and the nature of speculation.As I said earlier, selling alcohol is a business, prostitution is a business (in some countries), paying/receiving Interest is a business - are these allowed in Islam? the answer is NO.As I said above, if applicable, please consult a scholar in Islamic Finance...

Islam and Trading v Obecné Dec 06, 2017 at 15:37

Hi Moozhassan,I disagree with you 100%.Starting a business which has real World assets and utilities is perfectly acceptable.Tell me something, is starting a bank where you charge Interest allowed in Islam? No it is not. Why? because Interest is not the same as a real World business where you buy and sell actual items. Yet opening up a bank is also a speculation. So your argument that any business is allowed is clearly WRONG.If you take my very first post, I clearly state where forex is traded for LEGITIMATE business purposes, ie. exchanging money to buy/sell goods in a foreign currency,...

Islam and Trading v Obecné Dec 06, 2017 at 07:41

Hi Vontogr,I am hardly a scholar of such matters and let's face it, depending on what your faith is, what is allowed in one faith may not be allowed in another ie. permissible for Jews and Christians to consume alcohol but for Muslims it's not allowed.Best Regards.

Islam and Trading v Obecné Dec 06, 2017 at 07:40

Hi Adribaasmet,Yes - but many do without understanding the religious rules.Just because someone is doing something does not make it right. Plenty of religious people do wrong things.Regards

Islam and Trading v Obecné Dec 06, 2017 at 07:40

Hi Mrdegorbi,Thank you for replying.But this topic is not about whether religion is true or not - if you do not believe, then no problem, this topic is not for you.It is about whether the rules of short-term trading are applicable to Muslims.Thank you