Examining the Forex Market and its Functions with a Micro and Macro Jurisprudential Approach

The forex market is one of the most important financial markets, which indirectly, on the Internet and through brokerage, provides traders with the possibility of buying and selling foreign currencies. On the one hand, the following article explains the nature of the forex market and its structure using a descriptive-analytical method, and on the other hand, it examines its jurisprudential nature by referring to the Qur'an and Sunnah. In reviewing the criticisms about the mentioned market, the method of investigation is in two main areas, first, the micro approach (the contract between the trader and the broker) and its separation from the macro approach (the interest of governance) from one point of view, and secondly, the investigation in the form of distinguishing between the nature of the forex market and the precedents. and the market entry requirements are defined; The results of this research show that based on jurisprudential principles, there is no problem with the principle of transaction in such a market because it has all the conditions of validity and evidences such as "Afwa al-Aqud" and "Muslims on their terms" are valid. In contrast to this theory, jurisprudential problems such as the right to falsehood, the rule of negation of the mustache, false, formal and usurious nature of the transaction, and legal problems such as the lack of prosecution in international forums and the impossibility of obtaining a license to operate in the forex market at the level of the national economy.