Understanding The Theory and Practice of Islamic Forex Trading

[kreslik.news]

Islamic forex trading will increasingly be in demand. Before we understand Islamic forex trading we need to acquaint ourselves, albeit briefly, with Islamic finance.

Islamic finance

The theory and practice of finance according to Islamic principles is called Islamic finance. Islamic principles determine the objectives and the operations of Islamic finance. Modern finance theory informs today’s conventional finance while ethical imperatives drive Islamic finance. The principles and prohibitions of Islamic finance are expounded in the Shari’a or Islamic law.[i]

Two features of Islamic finance distinguish the system from conventional finance. First, Islamic finance proposes a risk-sharing philosophy whereby the lender must share ... (read more)