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Monday, February 20, 2012

Forex Trading 'Haram', Says National Fatwa Council

KOTA BAHARU, Feb 15 (Bernama) -- The National Fatwa Council today ruled that foreign exchange trading (forex trading) is forbidden (haram) for Muslims.

Council chairman Tan Sri Dr Abdul Shukor Husin said forex trading is against Islamic law and creates confusion among Muslims.

"A study by the committee found that such trading involves currency speculation, which contradicts Islamic law.

"For that reason, the National Fatwa Council has decided that it is haram for Muslims to be engaged in such trading," he told reporters after chairing the Council's 98th conference here Wednesday.

Abdul Shukor said Muslims should not engage in forex trading as there are many doubts about it and it involves individuals using the internet, with uncertain outcomes.

Dipetik dari - BERNAMA


Bank Negara, Fatwa Council Explains Foreign Currency Trading Status

KUALA LUMPUR, Feb 16 (Bernama) -- Bank Negara Malaysia clarified that buying and selling of foreign currency in Malaysia is only allowed with licensed commercial banks, Islamic banks, investment banks and international Islamic banks as provided for under the Exchange Control Act 1953.

Such trading is also allowed with licensed money services business providers (money changers) as provided for under the Money Services Business Act 2011.

In addition, Shariah-compliant financial products, including foreign exchange related transactions, offered and transacted by licensed Islamic financial institutions are approved by the Shariah Committee of the respective financial institutions with endorsement from the Shariah Advisory Council of Bank Negara Malaysia, it said in a statement Thursday.

In a separate statement to explain the ruling that foreign exchange (forex) trading is forbidden (haram) for Muslims, the National Fatwa Council chairman, Tan Sri Dr Abdul Shukor Husin, said the ban on forex trading is in reference to the ban on forex trading scheme by individual spot forex via electronic platform which is against the law.

He said the disallowance is not applicable to forex trading through licensed money changers and financial institutions.

"I find that my statement was wrongly reported by some media organisations that said that all foreign exchange trading is forbidden," he said.

Dipetik dari - BERNAMA


Hanya Perniagaan Forex Menerusi Platform Elektronik Haram

KUALA LUMPUR: Pengerusi Jawatankuasa Fatwa Majlis Kebangsaan Bagi Hal Ehwal Agama Islam Malaysia, Prof Emeritus Tan Sri Dr Abdul Shukor Husin pada Khamis menjelaskan fatwa pengharaman pertukaran wang asing (forex) hanya dibuat kepada perdagangan mata wang individu secara lani menerusi platform elektronik.

Katanya, pertimbangan dan keputusan pengharaman tersebut dibuat berdasarkankeraguan-keraguan yang terdapat dalam urusniaga tersebut yang bercanggah denganhukum syarak serta tidak sah dari aspek undang-undang negara.

"Saya mendapati bahawa kenyataan saya telah disalah lapor oleh sebahagian media yang menggambarkan seolah-olah "semua perniagaan pertukaran mata wang asing (forex) adalah haram," katanya dalam kenyataan di sini.

Menurutnya, keputusan pengharaman forex tersebut tidak terpakai ke atas perkara-perkara seperti urus niaga pertukaran mata wang asing menerusi kaunter di pengurup wang berlesen dan urus niaga pertukaran mata wang asing yang dikendalikan oleh institusi kewangan berlesen.

Jawatankuasa Fatwa Kebangsaan pada Rabu memutuskan umat Islam haram mengamalkan sistem perniagaan pertukaran wang asing menerusi platform elektronik.

Pengharaman tersebut dibuat hasil kajian oleh jawatankuasa itu selepas mendapati perniagaan forex melibatkan spekulasi mata wang adalah bercanggah dengan hukum Islam. - BERNAMA


Dipetik dari - mStar Online

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