Perdagangan Forex Islamik di Platform Perdagangan Forex: Analisis Syariah di Syarikat XM

The issue of online forex trading is now widely debated due to the existence of Islamic forex accounts provided by brokers. It becomes more critical when it trending and become lifestyle of the youngsters, artists and even social media influencers. There are various views of Islamic scholars in dete...

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Main Author: Hanisah binti Muhamad Radzi
Format: Thesis
Language:other
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spelling my-usim-ddms-126792024-05-29T04:38:34Z Perdagangan Forex Islamik di Platform Perdagangan Forex: Analisis Syariah di Syarikat XM Hanisah binti Muhamad Radzi The issue of online forex trading is now widely debated due to the existence of Islamic forex accounts provided by brokers. It becomes more critical when it trending and become lifestyle of the youngsters, artists and even social media influencers. There are various views of Islamic scholars in determining the validity of this transaction. However, some Islamic scholars outline the conditions that need to be met in order for online forex trading to become permissible in Islam Although the forex account is claimed to be Shariah compliant, a critical analysis of the operation and trading of the account needs to be done to ensure that it is in line with the principles of muamalat..The objective of this study is to examine the modus operandi of Islamic forex account trading along with the Shariah issues that may arise from such trading activities. Qualitative methods were used to achieve the objectives of the study by conducting interviews with forex broker companies, Shariah finance experts and library research. The results of this study found that even if there is an Islamic forex account at the XM brokerage company, there is basically no Shariah issue after removing the riba element from the account, but it is still not free from the gharar issue. Therefore, it creates the requirement that the broker must be legally registered in Malaysia and able to appoint a Shariah advisor, where the advisor has been accredited to explain the ambiguous contract to explain its justification. Universiti Sains Islam Malaysia 2024 Thesis other https://oarep.usim.edu.my/handle/123456789/12679 https://oarep.usim.edu.my/bitstreams/67abb9cf-d5f9-4484-b026-314aa21f3d5f/download 8a4605be74aa9ea9d79846c1fba20a33 Finance Islamic forex Financial institutions Islamic forex, online forex trading
institution Universiti Sains Islam Malaysia
collection USIM Institutional Repository
language other
topic Finance
Islamic forex
Financial institutions
Finance
spellingShingle Finance
Islamic forex
Financial institutions
Finance
Hanisah binti Muhamad Radzi
Perdagangan Forex Islamik di Platform Perdagangan Forex: Analisis Syariah di Syarikat XM
description The issue of online forex trading is now widely debated due to the existence of Islamic forex accounts provided by brokers. It becomes more critical when it trending and become lifestyle of the youngsters, artists and even social media influencers. There are various views of Islamic scholars in determining the validity of this transaction. However, some Islamic scholars outline the conditions that need to be met in order for online forex trading to become permissible in Islam Although the forex account is claimed to be Shariah compliant, a critical analysis of the operation and trading of the account needs to be done to ensure that it is in line with the principles of muamalat..The objective of this study is to examine the modus operandi of Islamic forex account trading along with the Shariah issues that may arise from such trading activities. Qualitative methods were used to achieve the objectives of the study by conducting interviews with forex broker companies, Shariah finance experts and library research. The results of this study found that even if there is an Islamic forex account at the XM brokerage company, there is basically no Shariah issue after removing the riba element from the account, but it is still not free from the gharar issue. Therefore, it creates the requirement that the broker must be legally registered in Malaysia and able to appoint a Shariah advisor, where the advisor has been accredited to explain the ambiguous contract to explain its justification.
format Thesis
author Hanisah binti Muhamad Radzi
author_facet Hanisah binti Muhamad Radzi
author_sort Hanisah binti Muhamad Radzi
title Perdagangan Forex Islamik di Platform Perdagangan Forex: Analisis Syariah di Syarikat XM
title_short Perdagangan Forex Islamik di Platform Perdagangan Forex: Analisis Syariah di Syarikat XM
title_full Perdagangan Forex Islamik di Platform Perdagangan Forex: Analisis Syariah di Syarikat XM
title_fullStr Perdagangan Forex Islamik di Platform Perdagangan Forex: Analisis Syariah di Syarikat XM
title_full_unstemmed Perdagangan Forex Islamik di Platform Perdagangan Forex: Analisis Syariah di Syarikat XM
title_sort perdagangan forex islamik di platform perdagangan forex: analisis syariah di syarikat xm
granting_institution Universiti Sains Islam Malaysia
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