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Trade in Currencies Through the Internet (Forex) تجارة العملات عبر الإنترنت (فوريكس)

Author

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  • Rafic Yonus Al-Masri

    (Islamic Economic Research Center King Abdulaziz University, Jeddah, Saudi Arabia)

Abstract

Forex carved a couple of words in English, Foreign Exchange, and meaning of foreign currency or foreign exchange. This transaction is a new and addressed to the Gulf countries in particular, and for those who want to have surplus cash invested. This transaction is a speculative (gambling) process on prices, such as those occurring in the stock exchanges, have nothing to do with trade in currencies, there is no real trade in currencies, but there is fictitious operations; that is neither the hold nor the payment takes place, it is just differences in exchange rates and entering into speculative factious financial economy, which triggered the global financial crisis in 2008. The deal came at the wrong time for resolving the crisis, as it is suitable for fueling the crisis. And, the use of the phrase trade in currencies is just to suggest that the transaction is legitimate from Islamic view point. Under Islamic rules trade, in currencies, is permitted as long as the transaction is on spot and deferred for future settlement. As a result, this process is Riba, gambling, deception, looting and extortion. فوريكس (Forex) منحوتة من كلمتين باللغة الإنجليزية (Foreign Exchange)، ومعناها العملات الأجنبية، أو صرف العملات الأجنبية. وهذه المعاملة جديدة وموجهة لبلدان الخليج خصوصًا، ولمن عندهم فائض نقدي يريدون استثماره.هذه المعاملة هي عبارة عن عمليات مضاربة على الأسعار (قمار)، كالتي تحدث في البورصات، لا علاقة لها أبدًا بتجارة العملات، فليس هناك تجارة عملات حقيقية، إنما هناك عمليات وهمية لا تقابض فيها (لا قبض ولا دفع)، وهي مجرد فروق أسعار صرف، وتدخل في الاقتصاد المالي الوهمي المضاربي غير الحقيقي، وهو الاقتصاد الذي أشعل الأزمة المالية العالمية 2008م. وقد جاء التعامل بها في وقت غير مناسب أبدًا لحل الأزمة، بل هو مناسب لتأجيج الأزمة. واختيرت هذه العبارة تجارة العملات للإيحاء بأن المعاملة مشروعة إسلاميًا، فالإسلام يجيز التجارة بالعملات ما دامت المعاملة عاجلة غير آجلة. هذه العملية عبارة عن ربا وقمار وخداع ونهب وابتزاز.

Suggested Citation

  • Rafic Yonus Al-Masri, 2010. "Trade in Currencies Through the Internet (Forex) تجارة العملات عبر الإنترنت (فوريكس)," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 23(1), pages 97-101, January.
  • Handle: RePEc:abd:kauiea:v:23:y:2010:i:1:no:3:p:97-101
    DOI: 10.4197/Islec.23-1.3
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