Islamic thought has a unique approach to business and to understand how Forex Islamic Accounts work, it is helpful to understand this philosophy and the laws that result from this way of thinking. Islamic business is based on a shared risk, not exploiting either the lender or the borrower. The premise of the law against paying interest is that the lender should give out of the goodness of his heart and the borrower should not assume a large risk when borrowing. Continue reading
Islamic Forex Articles
According to Shariah law, Muslims are forbidden to take or give any type of interest. This presents a problem in Forex trading since there are fees such as rollover fees and others. Forex Islamic accounts wave all such fees and there is no interest whatsoever in a Forex Islamic account.
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Diving into Islamic Forex Trading
When it comes to Forex trading, there are three major concerns for people who follow Islamic law. Continue reading
Understanding the theory and practice of Islamic forex trading
In the Islamic religion, the objective of the religious law, or the Shari’a is the happiness and satisfaction of people in this life and in the afterlife. These laws govern all aspects of the lives of observant Muslims including, of course, finance. The basis of the laws of business and finance is evenly distributed justice, aiming to improve the lives of all who are part of the Islamic community. This idea of business aiming for mutual benefit between parties, is especially evident in the law prohibiting interest. Continue reading
Binary Options Explained
Binary options is one of the most recent investment vehicles to hit the financial markets.
A binary option is a type of option where the payoff is either a fixed amount of some asset or nothing at all. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option. The cash-or-nothing binary option pays some fixed amount of cash if the option expires in-the-money while the asset-or-nothing pays the value of the underlying security. Thus, the options are binary in nature because there are only two possible outcomes.
Forex as a Business
Are you tired of working 9 to 5 and coming home with a measly pay check that barely covers your household expenses. Are you looking to start our own business but don’t have the cash to put down? There is one business you can open with no money down and you can custom make it to your own specifications.
Fundamental vs. Technical Trading
There are some experienced Forex traders that swear by fundamental analysis and while others will tell you that technical analysis is the safest bet. The preferences are based on their experiences with the different kinds of trading analysis. Continue reading
The New and Improved MetaTrader 5
It is impossible to be involved in Forex trading and not be aware of the MetaTrader trading platform. MetaTrader was developed and created by MetaQuotes Software Corp Company. This company has been in the industry of creating software solutions for financial requirements since 2000 and has released various Forex trading platforms too. These have proven their worth in the market for more than a decade and almost all Forex brokers depend on them.
How to choose an Islamic Forex Broker?
Choosing a Forex broker is something every new trader has to do at one point or another. This can be tricky if you do not know where to look or how to filter our the Forex scams out there. If you are looking to open an Islamic Forex account, finding an Islamic Forex broker is no easier. Continue reading
Forex And Islam – The Rules Of Islamic Forex
The Forex market is quite a diverse trading arena. There are many different brokers, many different platforms, and many different schools of thought when it comes to Forex trading. One example of how diverse the Forex market really is, are the Islamic Forex trading accounts. While Islamic Forex is not what it sounds like and anyone can open an account with Islamic Forex brokers, it does go to show how the industry takes all demographics into consideration. Continue reading