Hedging FX Risk on Foreign Share Purchases

[Mufti_Billal]

May Allah bless you.

CFDs are not shariah compliant, so you shouldn’t use them to trade.

Please see the link below:

CFD, ETF - not owning the underlying asset/ owning of contract

Dear mufti in eToro there is some shares before you buy you see word you are buying the underling asset and another like ada CFD in such case is that mean when you buy underling asset you own it ? Also what about interactive broker and eToro even when we buy but actually we are not the owner our name not in nasdaq but in their plattform they give as dividend and rights of having the stock is this halal or not do I need to open direct account under my name in market through out broker there not …

And Allah knows best