Forex Trading Halal Or Haram
asalam o alaikum so as per Dr. Sahab, (2:00:2:35), since there is no exchange of goods happening between the parties and profit/loss is totally based on price estimation, therefore, CFD as well as future trading in currency (forex) & commodities (Gold, Silver & etc) is not permitted regardless of it being regulated and there is no interest/gambling involved. but as per Ghamdi sahab, (23:00 – 25:47), It seems permissible provided the transaction is free from deceit, fraud, interest, gambling and any other unethical elements. Furthermore, as long as the trading instrument such as a currency or commodity holds real value & market controls it (e.g., GBP, USD, EUR, gold, silver, etc.), then CFD or futures trading may be considered permissible, provided the transaction is free from unethical elements. This applies regardless of whether actual exchange or possession occurs between the buyer and seller. The views of Dr. Sahab and Ghamidi Sahab differ regarding the permissibility of CFD and futures trading, even when such online trading is now highly regulated and free from unethical elements. So, which one is the correct point of view?? Kindly advise.