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Answers

Want to accept Islam but fear I won’t manage certain injunctions

Question on Taqdeer

Difficulty Sustaining Wudu

Divorce Ordered by a Secular Court

Monasticism in Islam

Is Rahman a Valid Name for a Person?

Rules of Iddat

Qada Umari: Making up Salats Missed in a Lifetime

Franchise of a Share Trading Company

Standing Alone Behind the Jama’ah

Developing Options Trading Software

Anaasheed!!!

Earning a Living from Tobacco Sales

When to Rise up to Complete Remaining Salah In Jama’ah

Let’s say, I invest $1,000, the broker invests or lends $99,000 and together we buy the currency like euro worth $100,000. The broker will not charge any interest on the money that he invested or lend, because it will be a Shariah compliant account.     – If the rate of the euro goes up and I decide to sell the euro. The broker will take a small share of the profit and rest is given to me     – If the rate of the euro goes down below a certain margin which is determined by the amount I invest, my broker will close the trade and take his money back and I will lose the money I invested. Also, another place were interest may be involved is when the buying and selling is not done on the same day, then a rollover occurs which mean that either we have to pay interest or give interest on the currency you have bought, but the brokers is offering a swap free or interest free accounts for Muslims only, in which, even if you do not close the trade on the same day, they will not debit or credit any interest. I am interested in Spot trading not Future trading. Please let me know if this type of trading is Halal.