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.”
Shop Review: Make Easier For Children! Get This Set of Sharpeners From Shopee!
Shopee is the new one-stop-shop where we can get all sorts of things we need. Even the ones we have never heard of! We have seen people buying groceries, housewares, and even plants from Shopee!
The stationeries are usually bought from Shopee too as they provide the stuff from overseas that seems to be very helpful to us. Today, we are sharing a local Shopee seller that sells an amazing set of sharpeners!
BS HOME GROCERY STORE with a rating of 4.9 out of 5 has 806 products on Shopee, as of today. In this shop, it offers a lot more than stationery. They have a wireless doorbell, sushi maker, and even cartoon glass. Shared by an account on TikTok, it shows a set of sharpeners that definitely would make our life easier.
@good_things_520Children’s school supplies ##goodthing ##learn
In the video, it shows a set of sharpener with a small vacuum cleaner, electric eraser, erasers for refill and batteries. The sharpener works to sharpen pencils and the electric eraser makes erasing any errors easier while the small vacuum cleaner will clean the dust from the erasers. Three of these items come in handy and you can get them from BS Home Grocery Store!
Shop Review: Easy To Use! These 5 Shopee Stores Sell Portable Washing Machines!
Recently, portable washing machines have increased in popularity especially during this COVID-19 pandemic. This is because portable washing machines are the most eco-friendly choice since they are powered by human labor rather than outside energy sources. They are usually the most budget-friendly option and the best fit for off-grid lifestyles or places where power outlets are not consistently available.
A portable washing machine is a great alternative for small space dwellers and for those who do not have access to permanent hot and cold water hook-ups. These mini machines are usually big enough to handle small t0 medium loads, say, a few bath towels, bedding, underwear or workout wear, even several pair of jeans. For an easy survey of portable washing machines, these are 5 Shopee stores that sell them.
1) Portable Washer XBP20-32
Shopee Link: Portable Washer XBP20-32
2) Semi-Automatic Portable 4.5kg Mini Dehydration Washing Machine
3) Mini Portable Washing Machine GT-16AC
Shopee Link: Mini Portable Washing Machine GT-16AC
4) Xiaomi Moyu 2nd Gen Portable Mini Washing Machine
Shopee Link: Xiaomi Moyu 2nd Gen Portable Mini Washing Machine
5) Ultrasonic Turbine Washer
Shopee Link: Ultrasonic Turbine Washer
Price: RM72.08 – RM74.88
Sources: Portable Washer XBP20-32, Semi-Automatic Portable 4.5kg Mini Dehydration Washing Machine, Mini Portable Washing Machine GT-16AC, Xiaomi Moyu 2nd Gen Portable Mini Washing Machine, Ultrasonic Turbine Washer.
(Video) ‘Nagoro Doll Village’, A Mysterious Village Full With Dolls!
Nagoro or now known as Nagoro Doll Village is a village in the Iya Valley on the island of Shikoku in Tokushima Prefecture, Japan. It is known for the large number of realistic dolls positioned throughout the village, which have made it a tourist attraction. The village is located on Route 439 in the Iya Valley, a remote mountainous area. It formerly had about 300 inhabitants, but the decline in Japan’s population has caused that to fall to 35 by January 2015, 30 as of August 2016, and also 27 by September 2019.
At first glance, most visitors to Nagoro Doll Village will see a sweet rural community of elderly residents spending their time blissfully tending to their gardens and fishing. When they decided to take a closer look, however, and they might be in for a scare. The villagers are actually dolls.
Nagoro is a slowly shrinking village located in the valleys of Shikoku, Japan. Populated by creepy dolls, it might make you question the reality. Its inhabitants left the village in a search of employment or died. More than 200 dolls inhabit the town. They’ve become loved by their human neighbors and are often celebrated by the community for bringing back fruitful memories of the past.
Eleven years ago, Tsukimi Ayano returned home to Nagoro. Faced with loneliness, she has populated the village with dolls, each representing a former resident. The dolls are all created single-handedly by Ayano Tsukimi. The local school is now filled with a few dozen dolls patiently waiting for class to begin. Made of straw, the bizarre dolls are dressed in old clothes.
Once working in the garden, Tsukimi made the first doll in the likeness of her father, and then she came up with the idea to replace the other family members with similar dolls. 10 years later, her work continues. Every doll is located in a place where she would resemble that person. So strolling along with the village you will find quite unique monuments either working in the field, fishing in the river, or simply sitting along the road and staring at you.
Sources: YouTube Tokyo Lens.
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