[00:00] In this video, we will answer a very important question that many people ask: To understand and know the answer to this question, you must be aware that most of the trading work happens in four key markets: the Forex market, the digital currency or
[00:15] The first market we are dealing with is the Forex market which is the foreign currency market. In the Forex market, gains and losses depend on the entry and exit prices of the currency. The Forex market is permissible on one condition only, which is that you are trading with an
[00:29] It's often futile to trade in some currencies as they already carry interest. A lot of rumors suggest that even if you trade with an interest-free Islamic account, it To be honest, personally, I don't like the Forex market and I don't operate in it, nor do I recommend it.
[00:49] Without getting into details, if you try it, and I don't advise you to try it, you will realize that it is all about bets and gambling. You don't even need to try it because I'm telling you, it's forbidden and there are several applications for it.
[01:08] I am sure you have seen an advertisement for some of these applications or have seen a content creator talking about it. Some of the applications include IQ Option, Expert Option, and Olympe Trade, which are very common. I would like to tell you that any use of financial leverage is forbidden, financial leverage is what inflates your capital.
[01:25] For example, if your capital is one hundred dollars, it gives you one thousand dollars or two thousand dollars. It is forbidden; you should not use it. video and subscribe to the channel so that the video can reach the maximum number of people, and everyone benefits from it.
[01:40] The halal and haram rules are apparent because it's like any trade that you may have heard of in your life. For example, if you bought shares or became a partner in a liquor company or a usurious company, it is definitely forbidden.
[01:54] There's no need for you to go and buy shares in a usurious company or a company that sells alcohol. Naturally, your trading here is forbidden, but if you trade or buy shares in a dairy company like Gohaina or Almarai or a dairy company in your resident country, it is permissible.
[02:10] I also wanted to tell you that the legal bodies present in your country will explain which companies are halal. You can buy shares and invest in these companies without hassling yourself by searching for every company in which you want to invest. All you need to do is check with the legal body in your country if the company you are ooking at is permissible or not.
[02:25] You can then see what the authority tells you are halal companies. The market is divided into two parts, the first one is the futures market, and the second
[02:39] It's crucial that you know whether the currency project is halal or haram. There are many websites that will tell you whether the currency you want to invest in To reach these websites, all you have to do is perform a small search on Google.
[02:55] You can use these words in your search while searching on Google to reach these websites. Many scholars say that they are forbidden because they have mandatory benefits and they So, it is better to completely stay away from it.
[03:09] result of my personal diligence in research, recycling, and transportation. I hope you succeed with the grace of God. And don't forget to like the video and subscribe to the channel, so you can watch the already
[03:24] Goodbye.