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The following decisions were made:. Based on the in-depth research conducted, the Discourse has found that individual spot forex electronic transactions contain elements of usury riba in the imposition of rollover interest, resemble a sale contract with credit term by way of leverage, is ambiguous forex online analytics terms of the transfer of the possession of items exchanged between the parties, include the sale of currency that is not in possession as well as speculation that involves gambling. Furthermore, it is also illegal under the laws of Malaysia. In relation to the above, the Discourse has agreed to decide that the hukum islam main forex individual spot forex electronic transactions are prohibited as they are contrary to the precepts of the Shariah and are illegal under Malaysian law. Therefore, the Muslim community is prohibited from engaging in forex transactions such as these. The Discourse also stressed that the decision made is not applicable to foreign currency exchange operations carried out at licensed money changer counters and those handled by financial institutions that are licensed to do so under Malaysian law. Click here to view.

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Global forex news

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To use this and other services, please enable cookies. China coronavirus - Shanghai reports Covid case outside quarantine area. Central Banks. China property sector train wreck rolls on: Evergrande to roll defaulted debt to new bonds. Russia paid coupons in foreign currency on 2 Eurobonds - may have averted default. US stocks end the week with strong gains and close at session highs Dow up for 6 straight days. Key events and releases for next week US jobs report, Bank of Canada interest rate decision.

The commodity currency trade has more room to run. Technical Analysis. Weekly Baker Hughes recount shows a fall in oil rigs by -2 to Baker Hughes rig count. Dallas Fed trimmed mean PCE 3. European major indices close week with gains Major indices higher for the week as well. Elon Musk: Tesla merchandise can be bought with Doge. Forex News Now - Your best source of the financial trading news. Apply for an account. Top Stories. Its trading time! Forex Industry.

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