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If you are a Muslim or a member of the Islamic community you will probably be very interested to binary options in islamic perspective whether it is acceptable to trade online with digital options. In fact, Islamic binary options trading is becoming increasingly popular, but, you must choose a broker which offers a Halal account; this is an acceptable type of account. Binary options brokers which offer a Haram account are binary options in islamic perspective complying with Islamic law and should be avoided.

An acceptable Islamic binary options trading account will allow you to trade on the markets based on the direction the price of an asset will move in. Forex trading requires you to understand the relations between currencies as well as the price direction.

Trading on either market is possible but it is essential to consider the main issues which can cause a problem with Islamic standards. These are that no Muslim should earn or charge interest and that greed and gambling are sins.

There are now several binary options brokers who have developed Islamic accounts specifically designed to avoid these issues.

Interest is generally earned or charged when a transaction continues outside of the market opening hours. To avoid this the brokers are freezing a trade at the end of the business day and reopening it at the binary options in islamic perspective of the next day. There binary options in islamic perspective no interest earned or charged.

Provided there are no commission fees or charges you are then able to trade within the Islamic guidelines. However, greed is another matter. The generally accepted protocol is to trade with knowledge of the market; you cannot then be said to be gambling or trading with greed.

It is also imperative to limit the amount and value of the trades you undertake. If you are seen to be spending an excessive amount or attempting to hide your spending then it will be seen as greed or gambling.

This will then mean that you are indulging in a forbidden activity and binary options in islamic perspective penalties can be severe. It is worth noting that binary options trading with currency pairs are seen as a grey area; as is trading on the Forex. The issue is that this type of trading is binary options in islamic perspective as gambling. The safest way to trade within your guidelines is to avoid this type of trade. If you feel you must indulge it is advisable to have a recorded trading practice to prove you are acting rationally and not from a gambling addiction or greed.

Subscribe To Trading Secrets. Islamic Binary Options Trading. Binary Options in United Arab Emirates Arabic economies have experienced a surprising amount of expansion over binary options in islamic perspective last few years which has resulted in a range of possibilities as well as a large increase in attention from a multitude o Halal Binary Options Binary option trading online is a relatively recent development which has made it possible for many traders to access the market.

This was not always possible in binary options in islamic perspective past. This type of trading is o Islamic binary options account Different parts of the world have a different outlook and set of guidelines which provides them with their approach to any new project or scheme.

Islam is one of the best exampl Islamic Binary Options Brokers Since the first binary options brokers enabled online trading as far back asthe binary options trading scene has grown rapidly in size and strength. There are now hundreds of binary brokers Kuwait Binary Options Binary Options in Kuwait - this may not be something you have ever considered but is, in fact, an excellent way of generating an additional income.

In general a Kuwait binary options broker will of Binary Option Auto Trading Review.

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Many traders across the globe have caught the binary options fever. It is amazing how in a few short years, the industry is now recognized as a credible and incredibly profitable sector of investment. While many traders can sign up with a broker and start trading without any doubts, such is not always the case with traders abiding by the Islamic faith. The Islamic faith, while it stretches to all corners of the world as one of the major religious beliefs, has many particularities according to Sharia law.

In relation to investments more specifically, Sharia law strictly forbids any type of lending of money with interest. When it comes to investing, Muslims are guided by the concept of risk sharing. In the literature of the Sharia law, two terms appear most frequently in relation to investments: Riba , meaning interest, is defined as a typical loan where the borrower, upon full repayment, will have paid the lender more than the original amount due to accumulated interest.

Riba under Islamic law is strictly forbidden. On the other hand, gharar is a financial term meaning risky or hazardous sale. In this case, a hazardous sale can be described as a transaction where the product being sold is either unknown or not clear.

As with riba , gharar is also prohibited under Islamic law, which forbids any type of trade that has an element of excessive risk and uncertainty. When it comes to trading, many brokers as we will explain below have found a way to work around the prohibition of riba. However, dealing with gharar is a bit trickier.

Since any type of investment involves a certain level of speculation within volatile markets, it is considered suspect. And because it is suspect, most interpretations of Sharia law forbid the activity. Muslims interested in binary options often face a dilemma: This poses an issue since binary options can be traded on a hour basis. By the time 5pm rolls around NY time , all open market positions roll over to the following hour cycle.

It is this very interest that makes the trade inherently haram for Muslims. Fortunately, many brokers are starting to adapt to the various prohibitions by Sharia law in order to attract and retain the Muslim clientele. As such, any trader abiding by the principles of the Islamic faith may select a broker who offers an Islamic, no riba or Sharia account. Since this is far from a black and white issue, Muslim traders need to have full confidence that brokers are able to accommodate their religious beliefs.

Basic requirements for any trader, including Muslims, should involve finding a broker that is regulated in addition to being well respected within the binary options community and by other traders. This type of account is unique in that it observes all the religious complexities of Sharia law.

Islamic trading accounts are in accordance with restrictions of the Islamic faith. They have different pricing modalities than typical binary options accounts but they offer an exciting opportunity for Muslims to take part in trading.

As such, open positions in Islamic accounts close by 5pm NY time and reopen immediately, thus avoiding any interest payable for the next hour cycle. Since an Islamic trading account must respect certain variables, it is best to do your due diligence prior to signing up with any broker who advertises this type of account.

In order to be a true Islamic trading account, the following four conditions must be met:. Overall, Muslims around the world have made it very clear that Sharia law comes first and above any type of investment.

However, with a growing Muslim population willing and able to take part in binary options trading, many brokers have listened and are starting to cater to the specific needs of this group of traders. Brokers have eliminated riba and as for gharar , the lines may still be blurred slightly but the large number of Muslim binary options traders suggests that the speculation risk involved in binary options is well tolerated given the specific account circumstances. Sharia law is open to interpretation and as long as the principles you abide by coincide with how your broker of choice conducts business, there is no reason to doubt that you cannot get involved in the exciting world of trading binary options.

This website is out of date, do not rely on it for current information about binary options. Riba and gharar Riba , meaning interest, is defined as a typical loan where the borrower, upon full repayment, will have paid the lender more than the original amount due to accumulated interest. Relationship between Sharia law and binary options trading Muslims interested in binary options often face a dilemma: Options for Muslims Fortunately, many brokers are starting to adapt to the various prohibitions by Sharia law in order to attract and retain the Muslim clientele.

In addition to this, Muslims have to search for brokers who offer Islamic trading accounts. Islamic trading accounts This type of account is unique in that it observes all the religious complexities of Sharia law.

What to look for Since an Islamic trading account must respect certain variables, it is best to do your due diligence prior to signing up with any broker who advertises this type of account. In order to be a true Islamic trading account, the following four conditions must be met: Instant execution of trades Instant settlement of any transaction costs No payable interest on all trades No upfront commissions Overall, Muslims around the world have made it very clear that Sharia law comes first and above any type of investment.

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