Cryptocurrency Q&A
Why is forex prohibited?
Why is forex prohibited?
SakuraBlooming
Fri Oct 18 2024
|
7 answers
1546
I'm curious about the reasons why forex trading is prohibited in certain contexts. I want to understand the background and rationale behind such restrictions.
7 answers
Margherita
Sun Oct 20 2024
Among the reputable cryptocurrency exchanges catering to a diverse clientele, BTCC stands out for its comprehensive suite of services.
Was this helpful?
113
22
Chloe_jackson_athlete
Sun Oct 20 2024
Speculative trading, characterized by taking market positions without a solid foundation or fundamental analysis, is seen as akin to gambling in Islam.
Was this helpful?
340
69
Martino
Sun Oct 20 2024
Such transactions are believed to be devoid of true economic value and contribute to market volatility and instability.
Was this helpful?
72
57
CryptoMagician
Sun Oct 20 2024
The Islamic perspective on financial transactions holds a strict stance against interest-based deals, viewing them as usurious and thus forbidden.
Was this helpful?
399
39
EmmaWatson
Sun Oct 20 2024
Adherents to Islamic principles seek to engage in financial activities that promote stability, fairness, and transparency.
Was this helpful?
47
73
Load 5 more related questions
