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Abstract：Many people are confused as to whether Forex is halal or haram for Muslim friends. There are many rules in the al-Quran that indicate which type of foreign exchange a Muslim friend cannot trade. For a detailed explanation, please see the infographic below!
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
India's central bank cut the no-underlying forex derivative limit from USD 100 million to USD 5 million, barred rebooking of cancelled rupee contracts and imposed a 20% cash reserve on large hedges, effective 10 October 2026.
A doctor in Lucknow lost ₹3.52 crore to an online investment fraud, and the trading account he was watching showed him profits of nearly ₹26 crore. The420.in reported the case, naming the investor as Abhay Gupta. The account was fake.
The Reserve Bank of India will sell dollars directly to Indian Oil, HPCL and BPCL every day from Monday, 12 October, covering what its two Saturday releases called the "entire daily dollar requirements" of the three state-run refiners. The window runs until further notice, with the dollars routed through designated banks. It landed with the rupee near 97 to the dollar. Monday's open told a different story. The currency strengthened about 1%, quoted at 95.76 by The Economic Times and 95.83 by Upstox, while bank stocks slipped.
Versus Trade, a UK-based brokerage company, receives a mix of positive and negative feedback from users worldwide. Some appreciated the pace at which deposits and withdrawals are processed, others claimed withdrawal delays and profit cancellations on the trading platform. This Versus Trade review evaluates both sides while also giving a regulatory overview of the broker.
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