Foreign Exchange Market

Foreign exchange market is a market for transactions in foreign currencies, both on a spot and forward delivery basis. For further details see: ISRA, Islamic Financial System; Principles and Operations.

The Shari’ah Ruling On Currency Trading
A Customer Has Local Currency and Wants to Deposit It in His Account as Foreign Currency
Rectifying The Difficulties Of Currency Trading
An Islamic Bank Has an Account in Foreign Currency with a Foreign Bank and Vice Versa. Can They Treat Each Other’s Deposits as Non-Interest Loans for Investment?
Dollars Are Purchased at Different Prices on the Same Day; Which Price Should the Customers Be Charged?
Is It Allowed for an Islamic Bank to Place an Interest-Bearing Deposit in the Central Bank if the Law Requires It?
Is it allowed to fix the exchange price on the subscription day rather than the transaction day?
What is the ruling on a transaction concerning a promise to sell foreign currencies?
Forward Foreign Currency Exchange Transaction Based on Bai` Mu’ajjal
Foreign Currency Option Based on Hamish Jiddiyyah, Wa`d and Tawarruq
Foreign Currency Option Based on Wa`d and Two Independent Tawarruq Transactions
Hukum Perdagangan Pertukaran Matawang Asing oleh Individu Secara Lani (Individual Spot Forex) Melalui Platfom Elektronik
What is the Ruling on the zakat on Financial Portfolios that Represent Funds for Investment in Foreign Currency Exchange?
Is it Allowed for an Islamic Bank to Provide Qard Hasan to Another Bank on the Condition that the Latter Sells Foreign Currency to the Former Based Purchase Price Determined by the Central Bank?
Is it Allowed to Open Investment Accounts in Foreign Currencies on the Condition that these Funds Remain in the Same Currencies with the Bank?
Registration of Murabaha Transaction at the Exchange Rate Prevailing On the Day of Purchase from the Exporter.
the Difference between the Currency of the Credit and the Currency of the Murabaha

Islamic Financial System ©



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