Permissibility Of Forex Trading
Dear Sir Umer Qureshi sahib, Point-1 of my question is clear. Thanks Regarding point-2, please note that m y question is not about currency exchange in general. In general, people exchange currency for travel or for import/export purpose or to safeguard from currency devaluation etc which is clearly justified. My question is from trading the currency on a large scale without any real need, to make it a purely commodity trade. It does not aim to engage in the production or trading of real commodity. And the owner of money continues to get easy wealth just by buying and selling currency without getting involved in real economy and trade. It should be noted that according to an estimate, the volume of currency trade in the world is ten times more than the volume of the world’s total production trade. The world’s major banks make billions of dollars by massively influencing currency prices and harming ordinary consumers. My question is related to such currency trading which is usually done through online forex trading. Sir, awaiting your reply.