Is Day Trading Halal or Haram in Islam?
In the Name of Allah, the Most Gracious, the Most Merciful!
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh!
Is day trading Halal or Haram in Islam? Are there any Islamic Halal Brokers?
This is one of the biggest concerns that aren’t sorted yet! in our site – Most of the people think that purchasing stocks from any medium is a Haram while others believe it to be Halal.
What is Islamic Halal Day Trading?
Islamic Halal Trading refers to the trading that involves any standard interest component rather a commission-based procedure is opted. This makes the trade fall under the category of Halal. Here we would be discussing why or why not purchasing stocks for your earning is Haram or Halal. Dive in here to know more about the aspects associated with this major concern that would surely highlight the topic!
Islamic Halal Forex Trading
Most of the people around the globe accept the fact that purchasing stocks is Halal and is definitely not Haram. The reason behind this acceptance is that the person holding a share is a partner in the business that makes them eligible to get an equal percentage of profits that are earned through proper utilization of their efforts and devoting ample time, which is Halal.
The Islamic Halal Forex Trading is the perfect way of trading under Halal and get the desired revenues without any social conflict. Most of the people out there prefer Islamic Halal trading as they believe that it won’t affect their religious beliefs and would certainly offer them a good income source.
The thing that matters the most is the practices and the type of business that a company is into shouldn’t be against Islam, which would surely make is Haram. For instance, selling alcohol, drugs, or similar practices in business should be completely avoided so as to maintain Halal for your income. Moreover, the companies dealing in providing tourism services, hotels, and pornographic materials are categorized under Haram! Not even a small percentage of shares are accepted through these trades that aren’t categorized under Halal.
People who are involved in businesses other than the mentioned-above could be categorized under Halal and can have shares in the same companies as per the Islamic culture. No one could ever question the income generated from the shares from the companies that are offering services like medical, tools, real estate, and furniture business. This is the reason you should consider Islamic Halal Trading instead!
Islamic Halal Trading Brokers
It is always a wise decision to get in touch with the Islamic Forex traders that can offer you the best in class services that won’t charge you as per the standard interest payments. They charge as per the commissions in the spot Forex trades. The hand to hand exchange is the perfect solution, which perfectly depicts that Prophet Mohammad had the idea in their mind regarding the trading, which is quite natural in trading.
The brokers at Islamic Day Halal offer the best solution to the dilemma of investing in an income source, which is under Halal. It is clear that halal online trading will depend partly on your actions and partly on the broker you opt for. Whatever your online Islamic investment, be it stocks, forex, or options, for a broker to claim they offer accounts based on Islamic principles, they need to meet the following criteria:
This clearly showcases that the Halal trading over the internet entirely depends on the actions performed by the broker and the trader. Islamic day trading is accepted as Halal and you need to analyze the broker in advance with accordance to the limits of Halal. One can hire the professional Islamic Halal Trading Brokers for trading under Halal.