Qazi Irfan's blog
In a previous posting Islamic Legality of FOREX business, the matter of forex transactions was highlighted briefly and since that blog-post, I have been thinking to write on the issue in some detail and therefore undertook a long pending writing commitment which includes my further understanding on the issue from Islamic perspective.
On a regular basis, I receive inquiries from visitors of my website asking for the legality of forex business from Islamic point of view, sometimes the hammer is straight – is it halal or haram? It looks these callers had done some Internet research on the subject and still searching for an answer or need to explore other point of views.
The arising of a question in mind/intellect necessarily generates a subject of study in unison; a thinking process starts with the inception of a question and like many other thinking minds, since quite some time I have been looking for a precise answer to this meticulous question that is:
What is "a subject" or "a branch of learning" or "a field of study"?
The article addresses one of the most debated query in Islamic history asking for the justification of allowing “mark-up” in a deferred sale but not allowing “interest” in loan, i.e., in other words of present context it asks what is the difference in Murabaha Financing (cost plus) and Lending on Interest (principal or loan plus)?
Mainly Google directed its search clients to hazariba.com for 876 times as a result of search keywords typed in google search bar, next was Yahoo which directed just 64 visitors from its search engine. Following are top 20 out of total 145 search terms/pharases used to reach my website.
- with regard to spreads in forex trading
16 weeks 3 days ago
- paying intersest on providant fund loan
1 year 41 weeks ago
- My thoughts about Forex Business
2 years 12 weeks ago
- Murabaha Financing VS Lending
3 years 23 weeks ago
- I came to this list
3 years 23 weeks ago
- This topic has always been
3 years 25 weeks ago
- You have done a great job by
3 years 29 weeks ago
3 years 36 weeks ago
- losing machine
3 years 42 weeks ago
- Forex Brokers Reviews
3 years 47 weeks ago