Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=646174
Published: February 17, 2012
Such trading is also allowed with
licensed money services business providers (money changers) as provided
for under the Money Services Business Act 2011.
In
addition, Shariah-compliant financial products, including foreign
exchange related transactions, offered and transacted by licensed
Islamic financial institutions are approved by the Shariah Committee of
the respective financial institutions with endorsement from the Shariah
Advisory Council of Bank Negara Malaysia, it said in a statement
Thursday.
In a separate statement to explain
the ruling that foreign exchange (forex) trading is forbidden (haram)
for Muslims, the National Fatwa Council chairman, Tan Sri Dr Abdul
Shukor Husin, said the ban on forex trading is in reference to the ban
on forex trading scheme by individual spot forex via electronic platform
which is against the law.
He said the disallowance is not applicable to forex trading through licensed money changers and financial institutions.
"I
find that my statement was wrongly reported by some media organisations
that said that all foreign exchange trading is forbidden," he said.
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