Forex trading is haram: Malaysia’s Fatwa Council

Malaysia’s National Fatwa Council has ruled that foreign exchange trading is forbidden or ‘haram’ for Muslims as it was against the Islamic Sharia law.

“A study by the committee found that such trading involves currency speculation, which contradicts Islamic law. For that reason, the National Fatwa Council has decided that it is haram for Muslims to participate in such trading,” the Council chairman, Dr Abdul Shukor Husin, was quoted as saying by the Star newspaper.

He said Muslims should not participate in forex trading as there were many doubts about it, given that it involved individuals using the Internet with uncertain outcomes.

“Other forms of trading in foreign currencies, such as trading by money changers or between banks, are permissible as they do not involve currency speculation or uncertain outcomes,” he said.

Dr Husin said the meeting also decided that it was permissible for Muslims to invest or save under the Premium Saving Certificate scheme by a local bank here.

He said the committee was satisfied with the briefing given by the country’s central banks Shariah panel regarding the scheme’s implementation.

Dr Husin added that the committee also agreed to formulate guidelines on Muslim couples having their wedding ceremony in a mosque to allay doubts that the ceremony purportedly follows Christian practices, the report said.

Business Card Templates - Top Design Guidelines

There are certain elements of design that you don't have to be a graphic designer to put into place. These come in handy no matter what you are designing, be it advertisements, presentations, or business cards to help support any work-related needs. The use of business card templates is recommended for those who want to ensure that their end product is as professional as possible. These can help make short work of the potentially difficult pitfalls of choosing the most effective design for your business needs. There are mistakes that many people make, which can be avoided by using a template.

These common mistakes that are made in the design of cards can include overuse of graphics. It's best not to create an over-cluttered business card, and this can be avoided by sticking to one simple color scheme or graphic motif. By browsing through the various options that are outline in business card templates, one can see that the most visually striking models are oftentimes the most simple. The brain cannot process too many visual elements all at once, which is why those business cards that are the most effective will stick to the basics.

The basic information that you will want to include on a card should include your name or the name of your business, a basic one-line description of the services offered if that is not apparent in the business name, and contact information. Using catchy slogans or other extra writing on the business card can come across as too excessive or confusing. This simplicity of design is generally reflected in the examples provided by card templates, and should be paid attention to. The way to best utilize this limited number of words is to choose a font or other design of the letters that is unique.

Classic designs rarely fail, when it comes to the business world. If your business falls more on the corporate side of the business spectrum, you may want to stick to one of the card templates that is as straightforward as possible. Dressing this basic design up with a pleasing color scheme and interesting borders can give you a more individual feel to a classic design. In essence, these templates are simply meant to serve as a frame of reference. There are no rules of design that say you have to stick to what is included, and that is what makes designing your own card entertaining.

Source: http://EzineArticles.com/3747971

Foreign Exchange Rates - Finding Accurate Forex Rates

Finding accurate forex rates is vital to successful currency trading. While this information is widely available online, not all of it is accurate, or offered in real time. Some sources are also better than others because of the additional features they offer. Consider the following when looking for the best forex information online.

Testing for real time rates between sites can easily be done by opening several, and seeing which rates update the quickest. Even a difference of a few seconds can make the difference between making a profitable trade, or losing your shot. Finding a site that offers information faster than others - will put you ahead of others and allow you a little more time to think your trading moves through before making them.

Sites that offer forex rates, as well as free trading tools are best. Currency calculators, current trading news, and historical data are all nice to have located in one place. This information should be free. However, some sites offer premium features that require a small cost to access. Often times this information can be found on the same site where you submit your trades.

An easy way to locate the best site is to ask your broker or friends. Forex related message boards are another excellent source of information. Individuals on message boards discuss much more than the current rates, but trading strategies, current events, and much more. Whether you choose to actively participate, or simply spend your time reading, there is lots to gain from frequenting message boards that are related to currency trading.

Once you have settled on a favorite site, you should also seek additional sites that you trust. All websites are subject to at least a small amount of down time, and you will want to have a backup site that you can quickly turn to for information when this happens. There is also the slight possibility that your favorite site could crash, and this is another reason to select additional sites that you trust.

Knowing the current forex rates is no doubt considered by most to be the single most important factor when participating in currency trading. It really is all about the numbers, and these numbers can make or break you. Whether you decide to pay for this information, or get it free, is up to you. The most important thing is that it be offered in real time, and be completely accurate.

Article Source: http://EzineArticles.com/?expert=Cedric_Welsch

The Best Forex News Sites

News, especially international news, is the lifeblood of every Forex trader. However, not all Forex news sites offer the best, or the most complete information. And since timing and global market analysis is everything in the Forex world, having the most current and thorough information on global events and market conditions will likely influence investment decisions. As in war, getting critical information is the key to victory.

One of the most widely acknowledged Forex news site is BusinessWeek. It is the website of the same magazine bearing its name, and its main advantage is the efficient organization of its news. The latest events on any part of the globe can be easily pinpointed and accessed by viewing the different sections and through a handy search box. And the news reports carried within these sections are of very good quality, being uploaded continuously throughout the day as it happens. There are plenty of topics on forex and even include free access videos. Another great thing about this site is that there are dedicated sections for small businesses and investing, which contain annual reports and stock information. All of these make the site a veritable goldmine of current business events.

Another well acknowledged site is Reuters. This group is well known for its global and very thorough coverage (facilitated by its staff of 15,000 people scattered over 91 countries), and the quality of their site reflects this dedication. What's useful to forex traders will be the Investing section, and a page called Reuters Financial Products which seeks to educate investors on various business aspects. Reuters also supports FX trading, and a lot of news about the market is available at the site.

Then there is Bloomberg. It also has global and thorough coverage, but what sets this site apart is its dedication to financial data analysis. As such it has a dedicated portion on its home page which displays FX rates, equity indexes, and a lot of other financial information. There is also a dedicated section tackling stocks, mutual funds and even an economic calculator. There are even investment tools provided on site to further assist the investors in analysis.

These three forex news sites are among the most well-cited by several reviews, which all attest to their usefulness in the financial realm. It is best to see each one individually to determine if they will actually be suitable for one's specific needs and information requirements.

Source: http://EzineArticles.com/?expert=James_C._Feldon