Reputed Lawyer Aysh Chaudhry Weighs Whether Forex Violates Sharia Law

Aysh Ahmed Chaudhry Thinks That a Clear Perspective on This Subject Will Help Millions

For the last few decades, devout Muslims around the world are asking the righteousness of the dealing of forex. The problem is, without a deep understanding of both the Islamic laws and the legal system; it is difficult for anyone to state anything. This is the reason for Aysh Ahmed Chaudhry to get involved in this debate.

The deep understanding of Islamic laws helped him surmise the sentiments and nuances of this matter. His experience as a lawyer and the degree of economics has helped him to understand the nitty-gritty of forex. After considering the matter for the longest period, Aysh came to the conclusion that the demands of economists about the purity of forex are not true at all.

In his article, Forex: Halal or Haram, Aysh pointed out the factors which deviate from the teachings of Sharia. In fact, he found that no one can justify forex as the exchange of currency. For the longest time, economists were telling the devoted Muslims that forex is built according to the laws of sharia. This is not true at all. In fact, the structure of forex breaches the laws of Riba as well.

While describing the nitty-gritty of Sharia Laws, Aysh says that the economic structures, such as forex, were not built following the laws of either Sharia or Riba. A devoted Muslim always wants to follow both of the regulations. So, there is no doubt that these missed money-making opportunities will frustrate devoted Muslims.

However, Aysh thinks that it is the duty of a devoted Muslim to follow the paths shown by the religious texts. So, instead of wasting their money on these types of economic structures, the true Muslims should invest in the true economy. Practising it might be difficult at first. However, a little bit of restraint and patience will let the investors have righteousness by their side till the end.

Despite being a celebrated lawyer of Clifford Chance LLP, Aysh Chaudhry always had a spiritual calling. After graduating from the School of Oriental and African Studies, University of London, he started his journey as a motivational speaker in the Waltham Forest. There, he spoke inspiring words to the young people to instigate the burning fire of achievement in their minds.

He also has the experience of teaching people on 'Islamic Commercial and Property Law' at the School of Oriental and African Studies, University of London. All these works gave him the sight that he needed to work on this matter.