Connect with us

Social Stories

Local Preacher Warns Malay Celebrities Against Using OctaFX Trading Which is Haram

Published

collage 22 1
Source: Utusan & Media OutReach

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

If you watch videos frequently on YouTube, chances are you’ve come across the OctaFX Trading advertisement. Most Muslim watchers are already aware that the online Forex broker programme is haram for them.

Regardless, the trading application is still being marketed among the Muslim community, and recently, a local preacher, PU Syed Mohd Bakri voiced his frustration about it.

3B6838A2 7F5A 4D3A BE5C 33DF1D8100B4

“Are you sure its method of trading is not haram? Nowadays, even Muslims are using Octa FX and sharing it (with others) around.”

In his Instagram post, PU Syed then rhetorically asked if some Muslims are blindly making money without taking into consideration if this is allowed by the religion. He then urged relevant authorities to look into the matter and said,

“Some Malays think only pork is Haram!”

241887 OctaFX 2 May.jpg

In the Octa FC Trading advertisements that often pop up on YouTube before a video starts, celebrities like Fizo Omar and Wak Doyok are seen marketing the trading application despite having received criticisms from Malaysians.

Why is Forex trading haram?

In case you missed it, Forex has been declared haram. According to a report by Sinar Harian, foreign exchange investment, also known as Forex, is haram as it involves the elements of interests (usury). 

A lecturer from the Syariah and Management Department in Universiti Malaya (UM) said that the prophet Muhammad had provided a proper guide on how to conduct trading correctly.

app option 01

“If you’re trading a foreign currency exchange, the handover has to be done immediately. The delay will involve an element of interest,” he explained.

Fellow Muslim readers, we hope that the explanation of the status on the OctaFX trading will clear off any doubts you have about this matter. 

 

Also read: Local Actor Politely Responds To Comment Claiming That Usage Of Chopsticks is Haram For Muslims

Collage 19

Source: Utusan
Source: OctaFX

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

collage 89 collage 89
News3 hours ago

Bella & 7 Men Who Lured, Assaulted a 22yo Plead Guilty to Multiple Charges, May Face Up to 10 Years in Jail

“Bella” recently lured a 22-year-old man to her place, and the victim was beaten and locked up by 7 other...

My Post 1 2025 04 25T154204.832 My Post 1 2025 04 25T154204.832
News4 hours ago

Plane Tragically Crashes into the Sea in Thailand During Trial Flight, Only Pilot Survives

A group of Thai police officers were killed when the twin-engine turboprop aircraft they were on crashed into the sea...

chloe FT 18 chloe FT 18
News5 hours ago

“Ignorant O’Reilly” – Fahmi Fadzil Slams US Commentator for Factually Wrong Claims About M’sia

Previously, Chinese President Xi Jinping’s visit to Malaysia caught the attention of American conservative commentator Bill O’Reilly, who shared his...

chloe FT 17 chloe FT 17
News7 hours ago

Former Selangor Exco Calls for Suspension of Education Ministry’s Top Official Over Jalur Gemilang Error

The Ministry of Education (MOE) issued a public apology over an error involving the display of the Jalur Gemilang in...

My Post 1 2025 04 25T115816.871 My Post 1 2025 04 25T115816.871
News7 hours ago

“You’re barely eating” – US Political Commentator Hits Back at PMX & Mocks M’sia’s Household Income

About a week ago, an American conservative political commentator mocked Chinese President Xi Jinping’s visit to Malaysia by saying that...

collage 88 collage 88
News8 hours ago

“No double standards in MOE flag error investigation” – PMX Says AI Can’t Take Over Quality Control Responsibilities

The Ministry of Education issued an immediate public apology yesterday (April 24) following a Jalur Gemilang blunder on printed SPM...

chloe FT 15 chloe FT 15
News8 hours ago

40yo OKU Beggar Stabbed & Killed by Another Beggar in Front of Shah Alam Bank

A video shared via MYNEWSHUB has been making its rounds online, showing a disabled (OKU) man being killed right in...

My Post 3 31 My Post 3 31
News9 hours ago

Pahang is Getting an International Rocket Launchpad, the First-Ever in Southeast Asia!

The development of the International Space Port in Pahang is expected to be completed as early as the next 3...

Announcement

Latest Videos



TRENDING TODAY