-Reliability of a platform in terms of its license and identification. It is necessary for you to avoid being conned by the platform company that is not true. Details of the platform must be reviewed and may be obtained. If not, your transaction is doubtful from the outset there are elements gharar tap.
b-If the platform had the authority and license as well as the info is sufficient, the second rate acts in connection with these activities from the statutory bodies in Malaysia. This is necessary to ensure that you are not involved in illegal activities country.
If the latter is passed, I think the sale of foreign currency transactions, store and then re-sell when prices rise tukarannya as it is to be automatically executed according to the method of 'spot'. But let us together try to understand and review how this process is done in the short and the Islamic view about it.
If the latter is passed, I think the sale of foreign currency transactions, store and then re-sell when prices rise tukarannya as it is to be automatically executed according to the method of 'spot'. But let us together try to understand and review how this process is done in the short and the Islamic view about it.
To the extent that is explained by the individuals involved and know about the way forex trading via the Internet is. It is as follows: -
1) It has a minimum capital. For example USD 1, USD 100 and others, it varies from company policy for their forex trading.
2) In the capital, the company forex trading platform will open a special account for the participants.
2) In the capital, the company forex trading platform will open a special account for the participants.
Afterwards, the participants will decide whether to open a sales counter currency in the accounts or to open the counter purchase.
Easily picture are: -
Suppose capital USD 100 purchased by the exchange during the day is USD 1 = RM 3.6, and open counters 'selling' the platform of the company.
For example, the next day when the analysis is done on the movements of currencies, found the USD strengthened against the Rand USD 1 = RM 4 .
As such, it will press the button to sell USD 100 and earn RM 400. This means that it was good compared to a profit of RM 40 above the original purchase price.
Suppose capital USD 100 purchased by the exchange during the day is USD 1 = RM 3.6, and open counters 'selling' the platform of the company.
For example, the next day when the analysis is done on the movements of currencies, found the USD strengthened against the Rand USD 1 = RM 4 .
As such, it will press the button to sell USD 100 and earn RM 400. This means that it was good compared to a profit of RM 40 above the original purchase price.
The company is FOREX MUST include the RM 400 as soon as the transaction was a sale and purchase is made, NOT ALLOWED OR INCLUDE SOME ONLY delayed, if in the example above, only RM 40 included, while the remaining capital of RM 360 will be added shortly participants close the account at day.
Shariah Issues: If this does not happen, then it is passed from the Shariah point, but if the delay occurs, the Shariah issue here is there a delay in the delivery of the ringgit. This makes it contrary to the instructions Prophet Muhammad: -
In exchange for money, he has said that the guidelines must be followed, namely:
In exchange for money, he has said that the guidelines must be followed, namely:
فإن رَسُولَ اللَّهِ قال الْوَرِقُ بِالذَّهَبِ رِبًا إلا هَاءَ وَهَاءَ
Which means: Allah's Messenger said: Swap between silver and gold is usury except if it is done simultaneously (delivery receipt at a time) "(Narrated by Muslim, no 1586, 3 / 1209)
While the purchase of debt from one of the two parties is forbidden by hadith: -
نهى رسول اللَّهِ عن بَيْعِ الذَّهَبِ بِالْوَرِقِ دَيْنًا
Which means: "Allah's Messenger forbade the sale of gold and silver in debt" (Narrated by Al-Bukhari, no 2070, 2 / 762)
Imam An-Nawawi has said openly that the scholars have agreed terms must accept delivery at a time or Taqabud 'either intrinsic (physical) or hukmi (through the medium of the Internet, but have evidence such as receipts or electronic record showing transaski valid) ( Syarah Sohih Muslim)
Recommendation: Must ensure that the current trading transkasi done, plus all the capital gains are included in our accounts without any grace, and automatically, we can withdraw money without any restrictions.
Recommendation: Must ensure that the current trading transkasi done, plus all the capital gains are included in our accounts without any grace, and automatically, we can withdraw money without any restrictions.
3) There are companies that require a high minimum capital of USD 1000 and the other number.For that they offer what is called 'leverage' capital which participants will be doubled.
For example, say your actual capital is USD 100. So you have to choose or select multiple options are required. As a: 10 Wilkins capital will be doubled to 10 times the USD in 1000 or if the select 1:100, means that your capital to USD 10 000. With this amount of new currency will be in the market at the market.
Leverage:
Definition of Leverage:
The use of various financial instruments or borrowed capital, such as margin, to increase the potential return of an investment.
Leverage can be created through options, futures, margin and other financial instruments. For example, say you have $ 1,000 to invest. This amount could be invested in 10 shares of Microsoft stock, but to increase leverage, you could invest the $ 1000 in five options contracts.You would then control 500 shares instead of just 10. (Reference)
Definition of Leverage:
The use of various financial instruments or borrowed capital, such as margin, to increase the potential return of an investment.
Leverage can be created through options, futures, margin and other financial instruments. For example, say you have $ 1,000 to invest. This amount could be invested in 10 shares of Microsoft stock, but to increase leverage, you could invest the $ 1000 in five options contracts.You would then control 500 shares instead of just 10. (Reference)
If truth is what I imagine, using the leverage of forex trading is illegal because it is not considered selling the currency in your possession. Your actual possession only USD 100 but the sale is 10,000. It is what is referred to by the Prophet s.a.w:
لَا تَبِعْ ما ليس عِنْدَكَ
Meaning: Do not sell something that is not in yours "(Narrated by Abu Dawood, no 3504, 3 / 283)
In fact I would almost certainly, the money raised by the company accounted for as loans and they would take some profits, whether known or unknown to the participants. If this happens, the laptop has happened again.
In order to prevent prohibited by Islam from happening here, use 1:1 leverage is allowed.Wallahu'alam.
In order to prevent prohibited by Islam from happening here, use 1:1 leverage is allowed.Wallahu'alam.
4) has been told the company also advised the participants to use the capital less than 30% to reduce the risk of trading conducted.
And if there are problems or potential loss of what is called 'margin call', the participants are allowed to open another counter whether the sale or purchase of balancing the possibility of loss.
And if there are problems or potential loss of what is called 'margin call', the participants are allowed to open another counter whether the sale or purchase of balancing the possibility of loss.
Views: Wallahu'alam, if all implemented with a clear and proper planning. So far I do not see a problem with Shariah in this action, because such proceedings do is open a new counter, if before it opens the counter sales only, when in a position to take a loss selling is found, it immediately opens the counter purchase, for a profit hand. Everything is permissible if conducted in accordance with the above conditions, there is no leverage, no grace, and money earned can be withdrawn at any time. Wallahu'alam.
