Using Stop-Loss and Stop-Limit Orders in Trading

Question: Is it permissible to set automated buy or sell orders that are triggered automatically when the price meets certain conditions, such as: stop-loss, stop-limit? Answer: Stop-loss and stop-limit orders are permissible to use in and of themselves.  The Fiqh: Stop-loss and stop-limit orders are instructions to your broker (Simsar). As a principal, it is […]
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Is Retail Forex Trading Shariah Compliant?

In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: Retail conventional Forex trading, where individuals are merely speculating on currency pairs, is non-Shariah Compliant. Brokers which offer Islamic FX accounts advertise their product with ‘no rollover/swap fees’. What is more important to determine is whether or not […]
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