Riba

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.