17/08/ · Addition to that, thousands of Muslims live in non Islamic countries so there should be a proper solution for the Muslims to follow their religious teachings while trading binary options. It is good for the Muslims that Islamic banking has enabled them to participate actively in trading activities without disregarding their religious blogger.comted Reading Time: 9 mins What is the relation between binary options and Islam, what is Islamic account, read on! With one quarter of the world’s population being Muslim, it is inevitable that more and more Muslim traders will join the online Islamic binary options trading scene. In Islamic economic jurisprudence or Shariah law, charging “Riba” or interest is forbidden and is considered as a major sin. Many brokers in sensing an opportunity that will benefit them as well as their Muslim traders came up with the idea of “Halal”, or Islamic, trading accounts. Halal Binary Options
You’re a good Muslim? No problem, we’ve got Islamic binary options accounts | The Times of Israel
You consider yourself a good Muslim who would never gamble, or deal with interest, which every Muslim knows is haramor forbidden. But, you also want to make money fast. Marketers for binary options firms — some of them based in Israel or run by Israelis — are targeting Muslims, a good muslim invest in binary options, especially wealthy citizens from the Gulf, through websites that assert that the use of their trading platforms is permissible according to Islamic law.
Then a sentence with a hyperlink to 24option. The halalbinaryoptions. According to Israeli regulators, even if most binary options brokers were not engaged in outright fraud, they would not a good muslim invest in binary options halal because in the best case scenario such short-term trades are a form of gambling. All local binary options firms are now banned by the Israel Securities Authority from targeting Israelis, a good muslim invest in binary options, but the firms remain free to target people abroad.
The US has banned overseas binary options firms from targeting its citizens, and numerous countries, including the US, Canada and France, are investigating Israel-based binary options fraud on behalf of their citizens who have been cheated. Belgium last week became the first European country to ban the industry, in a move that takes formal effect on Thursday, August com site is full of hyperlinks, not just to 24option. com but also to another large firm — Banc De Binary — which also purports to offer Islamic trading accounts.
Banc De Binary is owned by Israelis and operates a large call center in Israel while being regulated in Cyprus. While affiliates do have a certain level of creative freedom in their marketing strategies, an insider source told The Times of Israel that in most binary brokerages the CEO will vet the content of prominent marketing campaigns.
The Israeli binary options industry is neither exclusively Jewish nor Arab. It employs a large number of Israeli Arabs, and uses affiliates located in the Arab world. There are also a number of exclusively Arab-owned brokerages based in Israel. Islamic binary options firms purport to allow for trading without the basic well-known hurdles: gambling and dealing with interest, both of which are forbidden in Islam. They can put whatever they want.
Independent Islamic scholars have issued fatwasor religious opinions, about binary optionsexplaining why the field is expressly forbidden for Muslims.
Do you rely on The Times of Israel for accurate and insightful news on Israel and the Jewish world? If so, please join The Times of Israel Community.
So now we have a request. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
Screen shot of Halal Binary Options website that advertises fake "Islamic" binary options trading platforms. One such prominent website is halalbinaryoptions. com, which appears in both Arabic and English. Get The Times of Israel's Daily Edition by email and never miss our top a good muslim invest in binary options. Newsletter email address Get it By signing up, you agree to the terms.
A 24option. Screenshot from islamicbinaryoptions. Advertisement for Banc De Binary Screenshot from islamicbinaryoptions. A Facebook ad seeking employees for an Israel-based binary options a good muslim invest in binary options posted April 19, Screenshot. View comments Hide comments. Stay updated.
A look at Wahed, an online halal investment platform - Capital Connection
, time: 3:37Halal Binary Options - Islamic Trading and Brokers
With one quarter of the world’s population being Muslim, it is inevitable that more and more Muslim traders will join the online Islamic binary options trading scene. In Islamic economic jurisprudence or Shariah law, charging “Riba” or interest is forbidden and is considered as a major sin. Many brokers in sensing an opportunity that will benefit them as well as their Muslim traders came up with the idea of “Halal”, or Islamic, trading accounts. Halal Binary Options 16/03/ · I live in North America and work for a IT company. Alhamdulillah I make quite a bit of good living with little or no saving. A friend of mine who is or seems to be a good practising muslim, introduced me to STOCK OPTIONS, basically I studied pages book to understand how it works 15/02/ · As in the case of accounts for the currency markets, binary options trading for Muslims is carried out without the use of swaps. Many brokers offered potential clients to open Islamic accounts and work on the trading platform, where the trader did not rely on changes in the direction of the value of the asset, but invested money in projects that are not prohibited by Sharia blogger.comted Reading Time: 4 mins
No comments:
Post a Comment