Retail Forex Trading: Views from the front lines of Islamic Finance

August 16, 2018

An estimated $5.3tn changes hands every day in the foreign exchange markets. On a daily basis, the financial institutions of the City of London make speculative currency trades worth nearly as much as the entire nation’s GDP for a whole year. With the growing ease of access to financial markets and minimal margin requirements, it is becoming common for Muslims to consider Forex trading as an investment. Thus, this paper considers the Shariah compliance of trading in retail forex by individual Muslim investors…Learn More