According to investopedia.com, Foreign Exchange (forex or FX) is the trading of one currency for another. For example, one can swap the U.S. dollar for the euro. Foreign exchange transactions can take place on the foreign exchange market, also known as the Forex Market.
What does Islam say on online Forex Trading?
Under the username @MFairuzIzwan, he has spoken about this issue and what he thinks about Forex in Islam.
Just my 2 cent on forex. pic.twitter.com/q29OEUQMEf
— Mohamad Fairuz Izwan (@MFairuzIzwan) November 9, 2020
“I don’t do Forex, I don’t do day trading. I find it very risky and I have a day job for me to attend to rather than just focusing on Forex trading,” he listed his first reason.
For the second one, he points out that financial gurus always show their profit, but they never show their losses, which is why Forex has a bad reputation.
Forex involves paired currency exchange, where the trader either gains loss or profit from their trade – of course, this depends on the factors above, like economy strive. Not to mention that the Malaysian Ringgit (MYR) costs much less than 1USD, making the odds of someone gaining profit is never determined.
For his third reason, Forex is deemed ‘haram’ by the Security Commission Shariah Advisory Council of Malaysia.
According to a post by the Federal Territory Mufti Department, an in-depth discussion has taken place, and it is found that Forex has many gambling properties, like technical analysis and “probabilities”. Not only that, but they have acts of usury or interests, which is already specifically stated as ‘haram’ in Islam.
“This is because each transaction has a “rollover interest”, the requirement to do business by being in debt through leverage, a vague possession during exchange transactions, the selling of money that is not ours, and finally, speculation that involves gambling.
These properties are not allowed by the laws of the Malaysian Government.
This is however excluded from licensed businesses that trade foreign money, as they do not clash with the rules set by Islam.
For the time being, the discussion has brought the Muftis to agree that the foreign exchange transactions, or known as the Forex, is not permissible in Islam.”
AirAsia Offers Free Delivery Service Throughout MCO
AirAsia has decided to offer an unlimited free delivery service for any purchase at their own AirAsia food, AirAsia fresh, and AirAsia shop during this MCO period. The true intention is to make it easier for all Malaysians to get necessities such as food, fresh products, groceries, and more while staying safe at home.
However, this free delivery service is only available in the Klang Valley only and will be offered in other areas soon.
AirAsia Food offers a wide variety of food options available to eat. Customers can also enjoy unlimited free shipping within 15km of your home. There are various dishes available such as Asian cuisine, western cuisine, desserts, bread, and many more.
In addition, customers can order fresh products such as meat, seafood, vegetables, and groceries online at AirAsia Fresh. With a minimum expenditure of RM30, you have the opportunity to enjoy unlimited free shipping using the promo code ‘STAY HOME’. For this service, there is no set limit for free shipping distance. Alternatively, customers can choose delivery for the next day or delivery based on the time of choice.
Through the AirAsia shop, customers can get products such as skincare, make-up, health, and so on. Just place a minimum order of RM30 to enjoy unlimited free shipping. No promotional code is required, however, you need to be around the Klang Valley only.
GTA 6 Rumored To Have A Female Protagonist, First Time Ever For GTA Franchise
GTA 6 reportedly would have a female protagonist, a first for the Grand Theft Auto franchise. GTA 6 has yet to be confirmed by Rockstar Games or to confirm that a new game in the series is in progress. However, according to a plethora of sources, for the PS5, Xbox Series X, Xbox Series S, and probably the PC as well, GTA 6 is already deep in development.
GTA 6 is closer to release than you thought or still very far away from release, depending on what article or rumor you’re hearing. Unfortunately, no further information on the release of the game has surfaced right now, but we do have a new update on the protagonist of the game, courtesy of Tom Henderson, a leaker and industry insider well known for his Call of Duty scoops.
Henderson recently announced on Twitter that, alongside a playable male protagonist, GTA 6 will have a playable female protagonist. This is, unfortunately, where the scoop ends.
In other words, it is unclear if the game would turn between two protagonists that players can switch between or if it is a situation for Cyberpunk 2077, i.e. one playable protagonist who can be male or female.
You’d think it’s former in the light of previous releases, but if Rockstar Games is going to break convention and eventually have a female protagonist, it might be ready to break additional conventions.
It’s important to remember that Henderson did not disclose his source. That said, in the past, he has proved reliable on numerous occasions, although it has usually been with Call of Duty details.
Although the reporting of Henderson has never been limited to Call of Duty, it’s what he’s known for, so take this with an extra grain of salt because it’s not only unofficial but out of the wheelhouse of Henderson. And, of course, even though the report is 100% correct, it is subject to change as well.
This isn’t the first time we’ve learned the game is going to have a playable female protagonist for what it’s worth, however, so far, this has been the most reliable source for making this argument.
At the moment of publication, Rockstar Games has not commented on this story in almost any capacity, and it’s uncertain this will change. Like many developers, when it comes to rumors, news, leaks, or any knowledge of this variety, Rockstar maintains a rather strict “no comment” policy.
Lady Gaga And Jennifer Lopez To Perform At Joe Biden’s Inauguration Ceremony
Jennifer Lopez and Lady Gaga will take the stage in the U.S. The inaugural ceremony in Washington next week by President-elect Joe Biden alongside others in what his transition team said would showcase a diverse America.
The two will perform for the new 46th U.S. president at the Jan. 20 gathering, which will also include comments from a Georgian black firefighter, a former Youth Poet Laureate, a Catholic priest, and a pastor from Wilmington, Delaware, Biden’s hometown.
The national anthem will be sung by Lady Gaga and a musical performance will be given by Lopez.
“They represent one clear picture of the grand diversity of our great nation,” his team said in a statement on Thursday.
The presenters reflect Biden and Vice President-elect Kamala Harris’s “steadfast vision of a new chapter in our American story in which we are an America united in overcoming the deep divisions and challenges facing our people, unifying the country, and restoring the soul of our nation,” it added.
Their positions come as the Democrat takes over the White House from Republican Donald Trump in a scaled-down event after a mob of Trump supporters threatened the United States in the midst of the COVID-19 pandemic and the rising of security concerns. Capitol to thwart the certification of Biden’s victory by lawmakers.
On the West Front of the Capitol building, now fortified by fencing, barriers, and thousands of National Guard soldiers, the public would not be on hand to witness the swearing-in.
Biden’s transition team cited Lady Gaga’s advocacy of LGBTQ rights and health concerns in announcing the inauguration speakers, and Lopez’s work raising awareness about the adverse effects on Latinos of coronavirus.
Many representatives include Fulton County, Georgia, career firefighter Andrea Hall and 2017 National Youth Poet Laureate Amanda Gorman, a resident of Los Angeles. Father Leo O’Donovan, former President of Georgetown University, and Reverend Dr. Silvester Beaman of Bethel African Methodist Episcopal Church, both close to the Biden family, will talk as well.
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