Malaysia’s National Fatwa Council has ruled that foreign exchange trading is apakah forex online haram or ‘haram’ for Muslims as it was against the Islamic Sharia law. Dr Mohd Asri Zainul Abidin says there are un-Islamic elements of usury and gambling in online forex trading platforms.
Online trading of forex for profit should be stopped immediately. Perlis mufti Dr Mohd Asri Zainul Abidin today. Asri said, generally, foreign exchange involving cash was allowed as it was a one-to-one exchange and was transacted immediately. However online forex speculation and trading was haram for several reasons. It is learnt the fatwa will be tabled at the next sitting of the state assembly.