Showing posts with label new straits times. Show all posts
Showing posts with label new straits times. Show all posts

Sunday, February 19, 2012

MALAYSIA - REGULATIONS - Bank Negara clarifies Fatwa ruling on forex trading Read more: Bank Negara clarifies Fatwa ruling on forex trading (2)

www.nst.com.my - KUALA LUMPUR: Bank Negara Malaysia said today that only licensed financial institutions and money changers are allowed to conduct foreign currency trading.

This statement came about after the National Fatwa Council's ruling on Wednesday that forex trading is forbidden for Muslims. (source)