Reserve Bank of India has released a list of 34 forex brokers; which has been declared illegal
List of unauthorized forex trading apps and websites - RBI
Friends, recently the Reserve Bank of India has released a list of 34 forex brokers; which has been declared illegal. https://preview.redd.it/dc1l0ca388o91.jpg?width=637&format=pjpg&auto=webp&s=1a865302fede2fd22985b27c767481ecb4219204 Before releasing this list, RBI had done all checks regarding all transactions of all those forex brokers since February this year. Maybe this doesn't matter to you; Nevertheless, you should definitely check this list once. So see if your forex broker is not on this list! 👉 Here's a full list of unauthorized forex trading apps and websites
Alpari
AnyFX
Ava Trade
Binomo
e Toro
Exness
Expert Option
FBS
FinFxPro
Forex.com
Forex4money
Foxorex
FTMO
FVP Trade
FXPrimus
FXStreet
FXCm
FxNice
FXTM
HotFores
ibell Markets
IC Markets
iFOREX
IG Markets
IQ Option
NTS Forex Trading
Octa FX
Olymp Trade
TD Ameritrade
TP Global FX
Trade Sight FX
Urban Forex
Xm
XTB
Thanks for Reading. Please share your take on this.
I dont defend this douche guy, he deserve it for being an @sshole. Tapi ada yang punya kronologi jelasnya dia sebenarnya ngapain sebagai affliator binomo? Gua cari di berita isinya di luar konteks dan isinya "diduga" dan ga jelasin kronologi urutannya sampe urusan pacarnya segala. Ada yang bilang dia sebagai affliator meraup uang loss pemainnya. Gua ga ngerti soal app binomo tapi apa itu hasil loss bisa connect ke "kantong" dia? Apa dia jadi agen perantara ketiga macam judi bola? Does binomo even legal? I mean its legal in India. Dan konsepnya nyambung ke forex kan? Gua cuman pengen tahu aja ginian, bahkan telegram grup mayoritas kalangan "investor" begitu kan disangka tempat chat teroris dulu kan dan terus disuruh uninstall. I have trust issues because massive of propraganda we are facing rn.
Gak bisa dipungkiri sepanjang tahun 2020-2021 banyak orang memulai investasinya karena influence sosial media. Beruntung bagi yang memulai investasinya lebih awal dan agak celaka bagi yang mulai investasinya di akhir-akhir tanpa tau konsekuensinya. Banyak kasus orang beli saham pake pinjol. Beli BTC, Altcoin pake utangan, uang arisan, bahkan sumbangan gereja. my advice for you yang kena FOMO: Miner musiman: Ketika crypto turun drastis di Januari-Februari 2022. Segera jual alat miningmu karena kamu harus menunggu 2024 untuk bisa panen. Karena ketika kamu beli mining rig sekarang harganya sudah naik berkali-kali lipat dari harga wajarnya. Perhitungkan kembali listrik yang harus kamu keluarkan, Gak BEP istilahnya. Contoh nyata Founder Rekeningku yang boncos bertahun-tahun karena nutupin biaya listrik dan beli mining rig kemahalan, baru panen akhir2 ini. Robot trading: Royal Q , Forex dll. Robot trading is scam, jauhi sekarang sebelum terlambat. Janji manis seller Royal Q dan robot forex profit konisten itu gak ada buktinya 100% scam. Kisah nyata banyak yg bunuh diri karena tiba-tiba assetnya hilang diaveraging oleh robot. Jangan sampai kamu jadi korbannya Trader Binomo, Binary option: Kamu yang baru memulai binary option, inilah saatnya dirimu keluar dari sistem jahat Judi 2.0 mungkin diawal kamu akan merasakan profit namun lama kelamaan akan susah dan tiba-tiba akun tersuspen tanpa sebab. Jelakanya gak ada yg bisa jamin akunmu balik karena Binomo dan lainnya jelas ilegal di Indonesia sehingga penyedia layanan tidak diketahui siapa. Trader Saham musiman via signal telegram : Saham ada bull market dan bearish market, lengkapi dirimu dengan FA dan TA tambah bandarmology juga. Investing stock is about your move, bukan orang lain. Jadi pastikan semua keputusan investasi kamu yang buat bukan orang lain. Trader Crypto: Bear market is coming, we need to understand what crypto still alive for next 4 Years(next halving) DCA still the best strategy for you. We will face the second Bull Run but dont fall for it to much, cause second bull run means next winter season. note: I hope yall getting more profit and healthy. May the Force be with you
Expert Roundtable: Metaverse - Perspectives and Legal Issues16:05 - 16:50, October 12｜Speaking Hall, Fazzaco Expo Dubai 2022
Expert Roundtable: Metaverse - Perspectives and Legal Issues16:05 - 16:50, October 12｜Speaking Hall, Fazzaco Expo Dubai 2022 Esteemed experts and industry leaders in the panel include: Tejinder Kumar, Chief Commercial Officer at Finixio Muhammad Jamshaid, Marketing Manager at AUSFORE XLeon Nguyen, International Business Development Manager at Mohicans Markets Evgeny Sorokin, SVP of Software Engineering at Devexperts Khaled Alzaher, Chairman at marketwinner Don't miss out on this critically valuable presentation. #FazzacoExpo#FazzacoExpoDubai2022#Speaker#Executives#B2BEvent#Networking#Business#Forex#Finance#Fintech#B2BMarketing#Exhibitions#EventMarketing#OfflineEvent#Marketing#Fazzaco#Dubai#Roundtable#PanelDiscussion https://preview.redd.it/w0hxla3z8zo91.jpg?width=1080&format=pjpg&auto=webp&s=b1a089720cb4656c649a51e3e61ec744d25fa6bb
There is a difference of opinion among the Shi’ah and Sunni Scholars, traditionists and historians regarding the day, month and year of the birth of Imam Husayn (a.s.). Some opine that he was born on the third of the month of Sha’ban or fifth of the same month, or on the fifth of the month of Jamadi’ ul Ula forth year after Migration (Hijrah), while some say that it was in the end of the month of Rabi’ ul Ula third year after Migration. Thus, Shaikh Al-Tusi in his Tahzeeb, Shaikh Shaheed al Awwal in his Duroos, and Shaikh Bahai in his Tawzeehal Maqasid unanimously agree and accept the tradition of Siqatul Islam (the Trustworthy Authority of Islam) Shaikh Kulaini (May Allah sanctify his grave), that Imam Ja’far as Sadiq (a.s.) said that, “The distance between (the birth of) Imam Hasan (a.s.) and (the conception of) Imam Husayn (a.s.) was a Tuhr (a period of cleanliness between two consecutive menses), while between their birth six months and ten days.” What is meant here is the minimum period of cleanliness, which is of ten days. Imam Hasan (a.s.) was born on the fifteenth of the month of Ramazan in the year of the battle of Badr i.e. second year of Migration (Hijrah). Besides, it is related that the distance between (the birth of) Imam Hasan (a.s.) and (the conception of) Imam Husayn (a.s.) was not a period of a Tuhr (cleanliness), and Imam Husayn (a.s.) remained in his mother’s womb for six months. It is written in the Manaqib of Ibn Shahr Ashob from Kitab al Anwar , that Allah, the Exalted, sent felicitations to His Prophet Muhammad (S) regarding the conception and birth of Imam Husayn (a.s.) while condoling him for his martyrdom. When Hazrat Fatima az Zahra (a.s.) was informed about it, she was grieved, then the following verse was revealed, “With trouble did his mother bear him and with trouble did she bring him forth, and the bearing and the weaning of him was thirty months”. (Sura al Ahqaf, 46:15). Normally a woman’s period of pregnancy is of nine months, and no child born in six months can survive, except Prophet Isa (a.s.) and Imam Husayn (a.s.).1 Shaikh Saduq, through his chain of transmitters, quotes from Safiyyah bint Abdul Muttalib, that she said: When Imam Husayn (a.s.) was born, I was attending to his mother. The Holy Prophet (S) came to me and said, “O Aunt! Bring my son to me.” I replied that I had not yet purified him. He replied, “Will you purify him? Rather Allah, the Exalted, has cleansed and purified him.” In another tradition it is related that Safiyyah says that she then gave the child to the Prophet who placed his tongue in his mouth, and Imam Husayn (a.s.) started licking it. Safiyyah says that I strongly perceive that the Prophet did not give him anything else except milk and honey. She says that then the child urinated and the Prophet planted a kiss in the centre of his eyes and wept, then handing him over to me said, “O my dear son! May Allah curse the people who will kill you”, and he repeated it thrice. I asked, “May my parents be your ransom! Who will kill him”? and he replied, “The oppressive group to emerge from among the Bani Umayyah.” It is related that the Prophet recited the Azan in his right ear and Iqamah in the left one. Imam Ali Zainul Abedeen (a.s.) relates that the Holy Prophet himself recited the Azaan in the ears of Imam Husayn (a.s.) the day he was born. Besides it is related that on the seventh day the Aqiqa was performed and two white charming sheep were sacrificed, one thigh of which along with a gold Ashrafi (a gold coin) was given to the mid-wife. The hair of the child was shaven off and silver equal to it’s weight was given as charity, then scent was applied on the child’s head. The Trustworthy Authority of Islam Shaikh Kulaini relates that Imam Husayn (a.s.) did not drink milk from his mother Hazrat Fatima (a.s.) nor any other woman. He was always brought to the presence of the Holy Prophet who gave him his thumb to suck. Imam Husayn (a.s.) sucked his thumb and then would remain satiated for two or three days. Thus Imam Husayn (a.s.)’s flesh and blood was formed from the flesh and blood of the Holy Prophet (S). Shaikh Saduq (May Allah sanctify his grave) quotes Imam Ja’far as Sadiq (a.s.) as saying that when Imam Husayn (a.s.) was born, Allah commanded Jibra’eel to descend upon the earth with a thousand Angels and congratulate the Prophet on His behalf and himself. Jibra’eel descended and on the way he passed by an island where an Angel named Fitrus, who was a bearer of the empyrean, lay there banished. Allah had once assigned a job to Fitrus who delayed it due to laziness; hence Allah took away his wings and expelled him to the island. Fitrus worshipped Allah there for seven hundred years until the time Imam Husayn (a.s.) was born. When Fitrus saw Jibra’eel he inquired of him as to where was he going. Jibra’eel answered that, “Allah, the Exalted, has bestowed His Blessings (Imam Husayn) upon Muhammad (S), thus Allah has commanded me to go and congratulate him on His behalf and myself.” Fitrus said, “Then O Jibra’eel! Take me too along with you to the presence of the Prophet, perhaps he might pray for me.” Jibra’eel lifted him up and brought him to the Holy Prophet (S). When he reached there he offered condolence to him on behalf of Allah and himself, then he presented the matter of Fitrus. The Prophet commanded Fitrus to touch himself with the body of Imam Husayn (a.s) and arise. Fitrus did so and ascended upwards saying, “O Prophet of Allah! This son of yours will be mercilessly killed by your nation. Therefore it is incumbent upon me in exchange of this favor that I recompense. Hence there is no person who visits his grave except that I receive him, and there is no Muslim who offers salutations to him or who prays for him except that I take it to his presence and carry his message.” Saying this Fitrus flew away. In another narrative it is related that Fitrus flew away saying, “Who is similar to me? For I am a freed one of Husayn (s.a.s), the son of Ali (a.s.) and Fatima (a.s.), whose Grandfather is Ahmad (S).” Shaikh Al-Tusi relates in misbah that Qasim bin Abul Ala’a Hamadani (the agent of Imam Ali an Naqi) received a written pronouncement from Imam al Mahdi (a.t.f.s.) which read as follows: Our Master Imam Husayn bin Ali (a.s.) was born on Thursday, the third of the month of Sha’ban, therefore fast on that day and recite this supplication: “O Allah! I ask you in the name of the one who is born this day…(till the end)” Furthermore the following words are quoted: “Fitrus took shelter under his cradle, and we seek shelter after him under his grave.” Sayyid ibn Tawoos says in Malhoof that there was no Angel in the Heavens who did not turn up to congratulate the Prophet (S) on the birth of Imam Husayn (a.s.) and condole him for his martyrdom, and revealed the reward reserved for the Imam. They showed him the grave of Imam Husayn (a.s.), and the Prophet prayed, “O Allah! Forsake him who forsakes Husayn, and slay him who slays Husayn, and do not bestow abundance to the one who wishes to derive advantage from his death https://www.al-islam.org/nafasul-mahmum-relating-heart-rending-tragedy-karbala-shaykh-abbas-qummi/introduction-birth-our
Meet our speaker - MUHAMMAD JAMSHAID, Marketing Manager at AUSFOREX!
Meet our speaker - MUHAMMAD JAMSHAID, Marketing Manager at AUSFOREX! Join us at Fazzaco Expo Dubai 2022 happening on October 12-13, take a deep dive into the latest industry trends, and learn advanced business and wealth growth strategies! #FazzacoExpo#FazzacoExpoDubai2022#Speaker#Executives#B2BEvent#Networking#Business#Forex#Finance#Fintech#B2BMarketing#Exhibitions#EventMarketing#OfflineEvent#Marketing#Fazzaco#Dubai https://preview.redd.it/5sp8691167l91.jpg?width=1080&format=pjpg&auto=webp&s=b18a9b8c89d6cccde61bb50b3f45913bce30f0c0
These ahadith are cited in the Six Books of authentic traditions for the most part. They have been collated for the most part from the following two books written in refutation of the Wahhabi heresy: a) al-Sayyid al-Alawi ibn Ahmad ibn Hasan ibn Abd Allah ibn Alawi al-Haddad: Misbah al-anam wa jala al-zalam fi radd shubah al-bidi al-Najdi al-lati adalla biha al- awamm ["The Lamp of Creatures and the Illumination of Darkness Concerning the Refutation of the Errors of the Innovator From Najd by Which He Had Misled the Common People"] published 1325H. b) al-Sayyid Ahmad ibn Zayni al-Dahlan (d. 1304/1886). Mufti of Mecca and Shaykh al-Islam in the Hijaz region of the Ottoman state: Khulasat al-kalam fi bayan umara' al-balad al-haram ["The Summation Concerning the Leaders of the Holy Sanctuary"] (A History of the Wahhabi Fitna in Najd and the Hijaz) p. 234-236. The Prophet said, Peace be upon him:
"They [Khawarij = those outside] transferred the Qur'anic verses meant to refer to unbelievers and made them refer to believers."
"What I most fear in my community is a man who interprets verses of the Qur'an out of context."
"The confusion [fitna] comes from there (and he pointed to the East = Najd in present-day Eastern Saudi Arabia)."
"A people that recite Qur'an will come out of the East, but it will not go past their throats. They will pass through the religion (of Islam) like the arrow passes through its quarry. They will no more come back to the religion than the arrow will come back to its course. Their sign is that they shave (their heads)."
"There will be in my Community a dissent and a faction, a people with excellent words and vile deeds. They will read Qur'an, but their faith does not go past their throats. They will pass through religion the way an arrow passes through its quarry. They will no more come back to the religion than the arrow will come back to its original course. They are the worst of human beings and the worst of all creation. The one who kills them or is killed by them is blessed. They summon to the book of Allah but they have nothing to do with it. Whoever kills them is closer to Allah than they. Their sign is that they shave (their heads)."
"A people will come out at the end of times, immature, foolish and corrupt. They will hold the discourse of the best of creation and recite Qur'an, but it will not go past their throats. They will pass through religion the way an arrow passes through its quarry. If you find them, kill them, for verily whoever kills them will have his reward from Allah the Day of Judgment."
"There will be people in my Community whose mark is that they shave (their heads). They will recite Qur'an, but it will not go past their throats. They will pass through religion the way an arrow passes through its target. They are the worst of human beings and the worst of all creation."
The apex of disbelief is towards the East [Najd]. Pride and arrogance is found among the people of the horse and the camel [Bedouin Arabs].
"Harshness and dryness of heart are in the East [Najd], and true belief is among the people of Hijaz."
O Allah, bless our Syria and our Yemen!" They said: "Ya Rasulallah, and our Najd!" He didn't reply. He blessed Syria and Yemen twice more. They asked him to bless Najd twice more but he didn't reply. The third time he said: "There [in Najd] are the earthquakes and the dissensions, and through it will dawn the epoch [or horn] of shaytan.
A version has, "The two epochs [or horns] of shaytan." Some scholars have said that the dual referred to Musaylima the Arch-liar and to Muhammad ibn `Abd al-Wahhab.
Some versions continue with the words: "and in it [Najd] is the consuming disease," i.e. death.
Some books of history mention the following version in the chapters devoted to the battles against the Banu Hanifa: "At the end of times a man will come out of Musaylima's country and he will change the religion of Islam." Note: Most of the Khawarij were from the Najd area, from the tribes of Banu Hanifa, Banu Tamim, and Wa'il. Musaylima was from the Banu Hanifa, and Ibn `Abd al-Wahhab is from Tamim.
13a. Abu Bakr said concerning the Banu Hanifa (the tribe of Musaylima the Liar): "Their valley [Najd] will not cease to be a valley of dissensions until the end of time, and the religion will never recover from their liars until Judgment Day," and in another version: "Woe to al-Yamama without end." 13b. When `Ali killed the Khawarij, someone said: "Praise be to Allah Who has brought them down and relieved us from them." Ali replied: "Verily, by the One in Whose hand is my soul, some of them are still in the loins of men and they have not been born yet, and the last of them will fight on the side of the Antichrist."
"A people that recite the Qur'an will come out of the East, but it will not go past their throats. Every time a generation of them is cut down another one will come until the last one finds itself on the side of the Antichrist."
"There will be a huge confusion within my Community. There will not remain one house of the Arabs except that confusion will enter it. Those who die because of it are in the fire. The harm of the tongue in it will be greater than that of the sword."
"There will be a dissension (in which people will be) deaf, dumb and blind (this means they will be blind and not see the true issue nor listen to the voice of truth): whoever tries to control it, the dissension will control him."
"A shaytan will appear in Najd by whose dissension the Arabian island will quake."
On the authority of al-`Abbas: "A man will come out of the Wadi Abu Hanifah [in Najd] (whose appearance is) like a bull that lunges against its yoke. There will be much slaughter and killing in his time. They will make the possessions of Muslims lawful for themselves and for trade among themselves. They will make the lives of Muslims lawful for themselves and for boasting among themselves. In that confusion the despised and the lowly will attain positions of power. Their idle desires will keep company with them the way a dog keeps company with its master."
On the authority of Abu Said al-Khudri: "Verily in the wake of this time of mine comes a people who will recite Qur'an but it will not go past their throats. They will pass through religion the way an arrow passes through its quarry. They will kill the Muslims and leave the idolaters alone. If I saw them, verily I would kill them the way the tribe ofAad was killed [i.e. all of them]."
"There will be towards the end of time a people who will say to you what neither you nor your forebears ever heard before. Beware of them lest they misguide you and bring you confusion."
"They will pass through Islam like an arrow passes through its quarry. Wherever you meet them, kill them!"
"They are the dogs of the people of Hell."
"They recite Qur'an and consider it in their favor but it is against them."
"There will be thirty dajjals (antichrists) after me, all claiming prophethood."
"Some people will be standing and calling at the gates of hell; whoever responds to their call, their will throw him into the Fire. They will be from our own people [i.e. Arabs] and will speak our language [Arabic]. Should you live to see them, stick to the main body (jama`a) of the Muslims and their leader. (If there is no main body and no leader,) isolate yourself from all these sects, even if you have to eat from the roots of trees until death overcomes you while you are in that state."
"Just before the Hour there will be many liars." Jabir ibn Samurah said: "Be on your guard against them."
"The Hour will not come until thirty dajjals appear, all of them lying about Allah and His Messenger."
"There will be Dajjals and liars among my Community. They will tell you something new, which neither you nor your forefathers have heard. Be on your guard against them and do not let them lead you astray."
"The time of the Dajjal will be years of confusion. People will believe a liar, and disbelieve one who tells the truth. People will distrust one who is trustworthy, and trust one who is treacherous; and the ruwaybidha will have a say." Someone asked: "Who are they?" He said: "Those who rebel against Allah and will have a say in general affairs."
"If the leadership is entrusted to those unfit for it, expect the Hour."
"You will see the barefoot ones, the naked, the destitute, the shepherds and camelherds take pride in building tall structures in abundance."
"One of the signs of the change of religion is the affectation of eloquence by the rabble and their betaking to palaces in big cities."
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Hi I am a black convert. The Dawah missionaries told me Islam has no racism and slavery and it abolished racism and slavery 1400 years ago. One of them said the Prophet was also a very dark man. But then I saw this:
Ahmad ibn Abi Sulayman, the companion of Sahnun said, “Anyone who says that the Prophet was black should is killed. He was not black"
—Ibn Musa al-Yahsubi, Qadi ‘Iyad, p.375
Narrated Anas bin Malik: While we were sitting with the Prophet in the mosque, a man came riding on a camel. He made his camel kneel down in the mosque, tied its foreleg and then said: "Who amongst you is Muhammad?" At that time the Prophet was sitting amongst us (his companions) leaning on his arm. We replied, 👉"This white man reclining on his arm."👈 The an then addressed him, "O Son of 'Abdul Muttalib."...
—Sahih Bukhari 1:3:63 (Note: you could tell Muhammad out of a crowd because of his light complexion!!!)
Narrated 'Abdullah bin Dinar: My father said, "I heard Ibn 'Umar reciting the poetic verses of Abu Talib: 👉And a white (person) (i.e. the Prophet)👈 who is requested to pray for rain and who takes care of the orphans and is the guardian of widows." Salim's father (Ibn 'Umar) said, "The following poetic verse occurred to my mind while I was looking at the face of the Prophet (p.b.u.h) while he was praying for rain. He did not get down till the rain water flowed profusely from every roof-g utter: 👉And a white (person)👈 who is requested to pray for rain and who takes care of the orphans and is the guardian of widows . . . And these were the words of Abu Talib."
—Sahih Bukhari 2:17:122
Abu Tufail reported: I saw Allah's Messenger (may peace be upon him) and there is one amongst the people of the earth who (are living at the present time and) had seen him except me. I said to him: 👉How did you find him? He said: He had an elegant white color, and he was of an average height.👈
—Sahih Muslim 30:5778 𝑺𝒆𝒆 𝑨𝒍𝒔𝒐: ‣ See Also Sahih Muslim 30:5778
Narrated Isma'il bin Abi Khalid: I heard Abii Juhaifa saying, "I saw the Prophet, and Al-Hasan bin 'Ali resembled him." I said to Abu- Juhaifa, "Describe him for me." He said, 👉"He was white and his beard was black with some white hair.👈 He promised to give us 13 young she-camels, but he expired before we could get them."
...Bilal again went in and brought out a spear-headed stick, and then Allah's Apostle came out. As if I were now looking at the whiteness of his leg...
—Sahih Bukhari 4:56:767
...A part of the lower garment of Allah's Apostle (pbuh) slipped from his leg and I could see the whiteness of the leg of Allah's Apostle (pbuh)...
—Sahih Muslim 8:3325
...Then the Apostle of Allah (pbuh) stepped out with a red mantle on him and I was catching a glimpse of the whiteness of his shanks. The narrator said: He (the Holy Prophet) performed the ablution...
—Sahih Muslim 4:1014
... I still seem to see the whiteness of the forearms of the Apostle of Allah (peace be upon him) when he rolled up his sleeves...
—Sunan Abu Dawud 20:3200
Abu Humaid said, "Then Allah's Apostle raised his hands so high that we saw the whiteness of his armpits."
—Sahih Bukhari 8:78:631, 𝑺𝒆𝒆 𝑨𝒍𝒔𝒐: ‣ Sahih Bukhari 9.086.108:1:1, Sahih Bukhari 9.089.286:1:1, Sahih Bukhari 9.089.305:1:1, Sahih Bukhari 3.047.769:1:1, Sahih Muslim 20.4511:1, Sahih Muslim 20.4509:1
Narrated 'Abdullah bin Malik: Ibn Buhaina, "When the Prophet prayed, he used to separate his arms from his body so widely that the whiteness of his armpits was visible."
—Sahih Bukhari 1:8:385 𝑺𝒆𝒆 𝑨𝒍𝒔𝒐: ‣ Sahih Bukhari 2:17:141, Sahih Bukhari 1:12:771, Sahih Bukhari 4:56:765, Sahih Bukhari 4:56:766, Sahih Bukhari 8:75:392, Sahih Muslim 4:1000, Sahih Muslim 4:1001, Sahih Muslim 4:1003, Sahih Muslim 4:1004, Sahih Muslim 4:1951, Sahih Muslim 4:1953
Narrated Abdullah ibn Abbas: I came to the Prophet (peace be upon him) from behind. I saw the whiteness of his armpits and he kept his arms away from his sides and raised his stomach (from the ground).
—Sunan Abu Dawud 3:898
...I saw that the dust was covering the whiteness of his abdomen, and he (the Prophet) was saying, "(O Allah)! ...
—Sahih Bukhari 9:90:342 𝑺𝒆𝒆 𝑨𝒍𝒔𝒐: ‣ Sahih Bukhari 4:52:90
..It has been reported on the authority of Barra' who said: The Messenger of Allah (may peace be upon him) was carrying the earth with us on the Day of Ahzab and the whiteness of his belly had been covered with earth...
—Sahih Muslim 19:4442
'Amir b. Sa'd reported: I saw the Messenger of Allah (may peace be open him) pronouncing taslim on his right and on his left till I saw the whiteness of his cheek.
—Sahih Muslim 4:1208
Narrated Abdullah ibn Mas'ud: The Prophet (peace be upon him) used to give the salutation to his left and right sides until the whiteness of his cheek was seen, (saying: "Peace be upon you, and mercy of Allah" twice. AbuDawud said: This is a version of the tradition reported by AbuSufyan...
—Sunan Abu Dawud 3:991
Narrated Al-Azraq ibn Qays: An imam of ours, whose kunyah (surname) was AbuRimthah, led us in prayer and said: I prayed this prayer, or one like it, with the Prophet (peace be upon him). AbuBakr and Umar were standing in the front row on his right and there was a man who had been present at the first takbir in the prayer. The Prophet of Allah (peace be upon him) offered the prayer, then gave the salutation to his right and his left so that we saw the whiteness of his cheeks, then turned away as AbuRimthah (meaning himself) had done...
—Sunan Abu Dawud 3:1002 Chapter twenty-six of Sahih Muslim on the USC-MSA website is entitled: Chapter 26: ALLAH'S MESSENGER (MAY PEACE AE UPON HIM) HAD A WHITE ELEGANT FACE
Jurairi reported: I said to Abu Tufail: Did you see Allah's Messenger (may peace be upon him)? He said: Yes, he had a white handsome face. Muslim b. Hajjaj said: Abu Tufail who died in 100 Hijra was the last of the Companions of Allah's Messenger (may peace be upon him).
—Sahih Muslim 30:5777 𝑺𝒆𝒆 𝑨𝒍𝒔𝒐: ‣ Sahih Muslim 30:5786 𝗠𝘂𝗵𝗮𝗺𝗺𝗮𝗱 𝗰𝗮𝗹𝗹𝗲𝗱 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮𝗻𝘀 𝗿𝗮𝗶𝘀𝗶𝗻 𝗵𝗲𝗮𝗱𝘀
The Prophet (ﷺ) said, "Listen and obey (your chief) even if an Ethiopian whose head is like a raisin were made your chief."
—Sahih al-Bukhari 693:10:88 𝑺𝒆𝒆 𝑨𝒍𝒔𝒐: ‣ Sahih al-Bukhari 696:10:91, Sahih al-Bukhari 7142:93:6, Riyad as-Salihin 666:665, Sunan Ibn Majah Book 24, Hadith 2970, Sahih Bukhari 9:89:256, Sahih Bukhari 1:11:662, 𝗔𝗻 𝗔𝗿𝗮𝗯 𝘀𝗹𝗮𝘃𝗲 𝗶𝘀 𝘄𝗼𝗿𝘁𝗵 𝘁𝘄𝗶𝗰𝗲 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝗮 𝗯𝗹𝗮𝗰𝗸 𝘀𝗹𝗮𝘃𝗲 66)Chapter: 👉Selling Animals for Animals of Different amounts 👈 😱, Hand to Hand (66)باب بَيْعِ الْحَيَوَانِ بِالْحَيَوَانِ يَدًا بِيَدٍ مُتَفَاضِ It was narrated that Jabir Sair:
"A slave came and gave his pledge to the Messenger of Allah to emigrate, and the Prophet did not realize that he was a slave. Then his master came looking for him. The Prophet said; 'Sell him to me.' So he bought him for 👉two black 👈, then he did not accept until he had asked; 'Is he a slave?'''
أَخْبَرَنَا قُتَيْبَةُ، قَالَ حَدَّثَنَا اللَّيْثُ، عَنْ أَبِي الزُّبَيْرِ، عَنْ جَابِرٍ، قَالَ جَاءَ عَبْدٌ فَبَايَعَ رَسُولَ اللَّهِ صلى الله عليه وسلم عَلَى الْهِجْرَةِ وَلاَ يَشْعُرُ النَّبِيُّ صلى الله عليه وسلم أَنَّهُ عَبْدٌ فَجَاءَ سَيِّدُهُ يُرِيدُهُ فَقَالَ النَّبِيُّ صلى الله عليه وسلم " بِعْنِيهِ " . فَاشْتَرَاهُ بِعَبْدَيْنِ أَسْوَدَيْنِ ثُمَّ لَمْ يُبَايِعْ أَحَدًا بَعْدُ حَتَّى يَسْأَلَهُ أَعَبْدٌ هُوَ Reference: Sunan an-Nasa'i 4621:44:173 (Note: Muhammad didn't want to pay in order to free slaves so before he took any new converts he made sure they weren't slaves) 𝑺𝒆𝒆 𝑨𝒍𝒔𝒐: ‣ Sahih Muslim 10:3901, Sunan an-Nasa'i 4184, Sunan Ibn Majah 4:24:2869, Mishkat al-Masabih 2815:11:54 𝗧𝗵𝗲 𝗯𝗹𝗮𝗰𝗸 𝗺𝗮𝗻 𝗶𝘀 𝗺𝗼𝘀𝘁 𝗵𝗮𝘁𝗲𝗳𝘂𝗹 𝗶𝗻 𝘁𝗵𝗲 𝗲𝘆𝗲𝘀 𝗼𝗳 𝗔𝗹𝗹𝗮𝗵．𝗙𝗶𝗻𝗱 𝘁𝗵𝗮𝘁 𝗯𝗹𝗮𝗰𝗸 𝗺𝗮𝗻，𝘀𝗲𝗮𝗿𝗰𝗵 𝗵𝗶𝘀 𝗯𝗼𝗱𝘆 𝗮𝗻𝗱 𝙠𝙞𝙡𝙡 𝙝𝙞𝙢！ Collection: Sahih Muslim In-book reference: Book 12, Hadith 205 Reference: Hadith 1066g USC-MSA web (English) reference: Book 5, Hadith 2334
'Ubaidullah b. Abu Rafi', the freed slave of the Messenger of Allah (ﷺ), said:When Haruria (the Khawarij) set out and as he was with 'Ali b. Abu Talib (Allah be pleased with him) they said, "There is no command but that of Allah." Upon this 'Ali said: The statement is true but it is intentionally applied (to support) a wrong (cause). The Messenger of Allah (ﷺ) described their characteristics and I found these characteristics in them. They state the truth with their tongue, but it does not go beyond this part of their bodies (and the narrator pointed towards his throat). 👉The most hateful among the creation of Allah is one black man among them (Khawarij). One of his hand is like the teat of a goat or the nipple of the breast.👈 When 'Ali b. Abu Talib (Allah be pleased with him) killed them, he said: Search (for his dead body). They searched for him, but they did not find it (his dead body). Upon this he said: Go (and search for him). By Allah, neither I have spoken a lie nor has the lie been spoken to me. 'Ali said this twice and thrice. They then found him (the dead body) in a rain. They brought (his dead) body till they placed it before him (Hadrat 'Ali). 'Ubaidullah said: And, I was present at (that place) when this happened and when 'Ali said about them. A person narrated to me from 👉Ibn Hanain that he said: I saw that black man.👈
"I have heard the Apostle say: 'Whoever wants to see Satan should look at Nabtal.' He was a sturdy black man with long flowing hair, inflamed eyes, and dark ruddy cheeks. He used to come and talk with the Prophet and listen to him. He would carry what he had said to the hypocrites. Nabtal said, 'Muhammad is all ears. If anyone tells him something he believes it.' Allah sent down concerning him: 'To those who annoy the Prophet and say that he is all ears, say, 'Good ears for you.' For those who annoy the Apostle there is a painful punishment."
“I asked the Messenger of Allah (ﷺ) about the all-black dog and he said: ‘(It is) a devil.’”
—Sunan Ibn Majah 4:28:3210 𝑺𝒆𝒆 𝑨𝒍𝒔𝒐: ‣ Bulugh al-Madam 2:229, Jami` at-Tirmidhi 338:2:190, Sahih Muslim 510:4:299, Sunan Abi Dawud 702:2:312, Sahih Muslim 1572:22:59 𝗔 𝗯𝗹𝗮𝗰𝗸 𝗺𝗮𝗻 𝘄𝗶𝗹𝗹 𝗱𝗲𝘀𝘁𝗿𝗼𝘆 𝘁𝗵𝗲 𝗞𝗮𝗮𝗯𝗮 There is a set of apocalyptic hadith reports according to which at or near the End of Time a group of Ḥabash, literally ‘Abyssinians’ or Ethiopians, led by a particular Ḥabashī or ‘Ethiopian’, will invade Mecca and effect the complete destruction of the Ka’bah.[1] Aḥmad b. Ḥanbal (d. 855) reports in his collection, Musnad (II:220, I:227), for example: ‘Abd Allah b. ‘Amr (ra) related that he heard the Messenger of Allah say, “Dhū l-Suwayqatayn, who is from Ḥabasha, will destroy the Ka’bah; he will take its treasures and remove from it its covering (kiswa). It is as if I am looking at him – (he is) bald (or: “with a receding hairline”) and has a distortion in his joints. He will strike it (the Ka’bah) with his steel shovel and his axe. (‘Abd Allah) b. Abbās narrated that the Prophet (s) said: “It is as if I can see him now: he is black and his legs are spaced. He will destroy the Ka’bah stone by stone. According to a report in al-Bayhaqī’s (d. 1066) collection, this Black man will be sitting on the Ka’bah on a mat taking it apart, stone by stone. The Iraqī hadith scholar Abū Dāwūd al-Ṭayālisī (d. 819), in his Musnad (312-313), reports that the famous Companion of the Prophet, Abū Hurayra (d. 681), warned the Arabs that if they violate the sanctity of the Ka’bah they will perish and the Ḥabash will come, destroy the Ka’bah, and dig out its treasures. It is also reported that Anas b. Mālik (d. 712), another famous Companion, while circumambulating the Ka’bah one day spoke to it (the Ka’bah), saying: “Verily, the Ḥabash will conquer you.”[3] A most remarkable report is recorded by al-Azrāqī (d. 827-839) in his Akhbar Makka (“Tales about Mecca”; 193): the Companion ‘Abd Allah b. ‘Amr b. al-‘Āṣ (d. 684) one day urged people to leave Mecca before one of two great calamities (iḥdā al-ẓalmatayn, “one of two darknesses” or al-ṣaylamayn, “two wars”) befell. The second of the two is “a massive raid by blacks who will come up from the sea and destroy the Ka’ba.” The leader of these Blacks will be bald (or possessing a receding hairline, aṣla’) and bowlegged (afḥaj), “as described in the Book of God,” says ‘Abd Allah. This means that the blacks who will conquer Mecca and their leader are written of the Qur’an. These apocalyptic expectations at times produced significant anxiety among the people of Mecca. Ibn ‘Asākir (d. 1175) notes in his Tārīkh madīnat Dimashq (“The History of the City of Damascus”; IV: 584) that when the Qarmatian sect attacked Mecca in 929 and sacked the Ka’bah, some Meccans (many of whom are by this time white) went out of their homes to the Ka’bah to see if there was, as prophesied, a black man on the seventh arch of the mosque who will destroy the Ka’bah. 𝗔 𝗻𝗲𝗴𝗿𝗼 𝘄𝗼𝗺𝗮𝗻 𝗶𝘀 𝘁𝗵𝗲 𝘀𝘆𝗺𝗯𝗼𝗹𝗶𝗰 𝗽𝗲𝗿𝘀𝗼𝗻𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗮 𝗱𝗲𝗮𝗱𝗹𝘆 𝗽𝗹𝗮𝗴𝘂𝗲, 𝗮𝗰𝗰𝗼𝗿𝗱𝗶𝗻𝗴 𝘁𝗼 𝗱𝗿𝗲𝗮𝗺 𝗶𝗻𝘁𝗲𝗿𝗽𝗿𝗲𝘁𝗮𝘁𝗶𝗼𝗻 𝗲𝘅𝗽𝗲𝗿𝘁 𝗠𝘂𝗵𝗮𝗺𝗺𝗮𝗱
Narrated Salim's father: The Prophet said, "I saw (in a dream) a black woman with unkempt hair going out of Medina and settling in Mahai'a. I interpreted that as (a symbol of) epidemic of Medina being transferred to Mahai'a, namely, Al-Juhfa."
Shem, the son of Noah was the father of the Arabs, the Persians, and the Greeks; Ham was the father of the Black Africans; and Japheth was the father of the Turks and of Gog and Magog who were cousins of the Turks. Noah prayed that the prophets and apostles would be descended from Shem and kings would be from Japheth. He prayed that the African’s color would change so that their descendants would be slaves to the Arabs and Turks.
—Al-Tabari, Vol. 2, p. 11, p. 11
Ham [Africans] begat all those who are black and curly-haired, while Japheth [Turks] begat all those who are full-faced with small eyes, and Shem [Arabs] begat everyone who is handsome of face with beautiful hair. Noah prayed that the hair of Ham’s descendants would not grow beyond their ears, and that whenever his descendants met Shem’s, the latter would enslave them.
—Al-Tabari, Vol. 2, p. 21, p. 21
A man of B. al-'Ajilan told me that he was told that Gabriel came to the apostle and said, 'There comes to sit with you a black man with long flowing hair, ruddy cheeks, and inflamed eyes like two copper pots. His heart is more gross than a donkey's; he carries your words to the hypocrites, so beware of him.' This, so they say, was the description of Nabtal.
—Ishaq:243
It is your folly to fight the Apostle, for Allah’s army is bound to disgrace you. We brought them to the pit. Hell was their meeting place. We collected them there, black slaves, men of no descent.
—Ishaq:450
The black troops and slaves of the Meccans cried out and the Muslims replied, ‘Allah destroy your sight, you impious rascals.’
—Ishaq:374
"Abu Darda reported that the Holy Prophet said: Allah created Adam when he created him (sic). Then He stroke (sic) his right shoulder and took out a white race as if they were seeds, and He stroke (sic) his left shoulder and took out a black race as if they were coals. Then He said to those who were in his right side: Towards paradise and I don't care. He said to those who were on his left shoulder: Towards Hell and I don't care. - Ahmad"
Ahmad ibn Abi Sulayman, the companion of Sahnun said, “Anyone who says that the Prophet was black should be killed.
—Ibn Musa al-Yahsubi, Qadi ‘Iyad, p.375
"Ham [Africans] begat all those who are black and curly-haired, while Japheth [Turks] begat all those who are full-faced with small eyes, and Shem [Arabs] begat everyone who is handsome of face with beautiful hair. Noah prayed that the hair of Ham's descendants would not grow beyond their ears, and that whenever his descendants met Shem's, the latter would enslave them."
—Al-Tabari, Vol. 2, p. 21, p. 21
"Shem, the son of Noah was the father of the Arabs, the Persians, and the Greeks; Ham was the father of the Black Africans; and Japheth was the father of the Turks and of Gog and Magog who were cousins of the Turks. Noah prayed that the prophets and apostles would be descended from Shem and kings would be from Japheth. He prayed that the African's color would change so that their descendants would be slaves to the Arabs and Turks."
—Al-Tabari, Vol. 2, p. 11, p. 11
Narrated 'Abdullah: The Prophet said, "I saw (in a dream) a black woman with unkempt hair going out of Medina and settling at Mahai'a, i.e., Al-Juhfa. I interpreted that as a symbol of epidemic of Medina being transferred to that place (Al-Juhfa)."
—Sahih Bukhari 9:87:161 𝗜𝘀𝗹𝗮𝗺𝗶𝗰 𝗪𝗿𝗶𝘁𝗲𝗿𝘀 𝗮𝗻𝗱 𝗦𝗰𝗵𝗼𝗹𝗮𝗿𝘀 𝗼𝗻 𝗕𝗹𝗮𝗰𝗸 𝗣𝗲𝗼𝗽𝗹𝗲 ‣ Ibn Khaldun (1332–1406) was, among other things, an Islamic jurist, Islamic lawyer, Islamic scholar, Islamic theologian, and hafiz
"Therefore, the Negro nation are, as a rule, submissive to slavery, because [Negroes] have little [that is essentially] human and have attributes that are quite similar to those of dumb animals, as we have stated."
—Ibn Khaldun, Muqaddimah, 14th century
"beyond [known peoples of black West Africa] to the south there is no civilization in the proper sense. There are only humans who are closer to dumb animals than to rational beings. They live in thickets and caves, and eat herbs and unprepared grain. They frequently eat each other. They cannot be considered human beings."
—Ibn Khaldun, Muqaddimah Ibn Sina or Avicenna (980-1037), was, among other things, a Hafiz, Islamic psychologist, Islamic scholar, and Islamic theologian.
“[Blacks are] people who are by their very nature slaves.”
Quoted in “Blasphemy Before God: The Darkness of Racism In Muslim Culture” by Adam Misbah aI-Haqq Ibn Qutaybah (828-889), was a renowned Islamic scholar from Kufa, Iraq
"[Blacks] are ugly and misshapen, because they live in a hot country."
—Ibn Qutaybah (828-889) ‣ Nasīr al-Dīn al-Tūsī (1201-1274), was a Shia Muslim Scholar and Grand Ayatollah
"If (all types of men) are taken, from the first, and one placed after another, like the Negro from Zanzibar, in the Southern-most countries, the Negro does not differ from an animal in anything except the fact that his hands have been lifted from the earth -in no other peculiarity or property - except for what God wished. Many have seen that the ape is more capable of being trained than the Negro, and more intelligent."
[The Zanj (African) differ from animals only in that] their two hands are lifted above the ground,... Many have observed that the ape is more teachable and more intelligent than the Zanj.
—Al-Muqaddasi (945/946-1000) was a medieval Muslim geographer
"Of the neighbors of the Bujja, Maqdisi had heard that "there is no marriage among them; the child does not know his father, and they eat people -- but God knows best. As for the Zanj, they are people of black color, flat noses, kinky hair, and little understanding or intelligence."
—Al-Muqaddasi (fl. 966), Kitab al-Bad' wah-tarikh, vol.4 ‣ Al-Masudi (896-956), was a Muslim historian and geographer, known as the "Herodotus of the Arabs."
"Galen says that merriment dominates the black man because of his defective brain, whence also the weakness of his intelligence."
—Al-Masudi, Muruj al-dhahab ‣ Ibn al-Faqih was a Muslim historian and geographer
"A man of discernment said: The people of Iraq ... do not come out with something between blonde, buff and blanched coloring, such as the infants dropped from the wombs of the women of the Slavs and others of similar light complexion; nor are they overdone in the womb until they are burned, so that the child comes out something between black, murky, malodorous, stinking, and crinkly-haired, with uneven limbs, deficient minds, and depraved passions, such as the Zanj, the Somali, and other blacks who resemble them. The Iraqis are neither half-baked dough nor burned crust but between the two."
—Ibn al-Faqih al-Hamadani, Mukhtasar Kitab al-Buldan, 903 AD ‣ Abu Rayhan al-Biruni (973-1048), was an Islamic scholar and polymath
"The Zanj are so uncivilized that they have no notion of a natural death. If a man dies a natural death, they think he was poisoned. Every death is suspicious with them, if a man has not been killed by a weapon."
—Abu Rayhan al-Biruni, India, 1030 AD ‣ Hudud al-`Alam is a book dedicated to Abu l-Ḥārith Muḥammad b. Aḥmad, a ruler of the local Farighunid dynasty.
"Their [Zanj] nature is that of wild animals. They are extremely black." "Among themselves [the Sudan] there are people who steal each other's children and sell them to the merchants when the latter arrive."
—Hudud al-`Alam, 982 AD
"[inhabitants of sub-Saharan African countries] are people distant from the standards of humanity" "Their nature is that of wild animals..."
—Hudud al-`alam, 982 AD
"As regards southern countries, all their inhabitants are black on account of the heat of their climate... Most of them go naked... In all their lands and provinces, gold is found.... They are people distant from the standards of humanity."
—Hudud al-`Alam, 982 AD ‣ Al Jahiz (781–869), was a famous Muslim scholar
"Like the crow among mankind are the Zanj [African Blacks] for they are the worst of men and the most vicious of creatures in character and temperament."
—Jahiz, Kitab al-Hayawan, vol. 2
"We know that the Zanj (blacks) are the least intelligent and the least discerning of mankind, and the least capable of understanding the consequences of actions."
—Jahiz, Kitab al-Bukhala (The Book of Misers)
"They [the Shu`ubiyya] maintain that eloquence is prized by all people at all times - even the Zanj, despite their dimness, their boundless stupidity, their obtuseness, their crude perceptions and their evil dispositions, make long speeches."
—Jahiz, Al-Bayan wa`l-tabyin, vol. 3 ‣ Ibn Abi Zayd (922–996), was a Maliki scholar from Al-Qayrawan in Tunisia.
It is disliked to trade in the land of the enemy or the land of the blacks. The Prophet, peace be upon him, said, "Travel is a portion of punishment."
—The Risala of 'Abdullah ibn Abi Zayd al-Qayrawani/ 43.16 Trading abroad - A Treatise on Maliki Fiqh (Including commentary from ath-Thamr ad-Dani by al-Azhari)(310/922 - 386/996)
Using Options to Knock Out the PDT Rule via Boxing
I made a comment about using a boxing technique on cash-settled options to circumvent a day-trade flag, and u/redtexture invited me to expand on the topic in a stand-alone post. >!I accepted the invitation.!< The PDT rule hinders traders with smaller accounts in two major ways. It discourages traders from exiting positions they entered on the same day — this exposes them to overnight gap risk. The PDT rule also prevents them from effectively adjusting to or taking advantage of large intraday swings. Below is the common advice I’ve seen given to small accounts: - Use a cash account (and be hindered by settlement time instead) - Use multiple margin accounts to increase the day-trade allowance - Trade futures and/or forex markets - Use an off-shore brokerage account - Get $25,000 (by saving, by borrowing, or by selling a kidney) I would like to offer more sophisticated techniques to reduce the burden of the PDT rule on traders with small accounts. Can the freedom to day-trade without limits lead to over-trading and losing money? Of course it can. However, it’s much better to learn the discipline and acquire discernment with a $5k account than with a $25k account. The mistakes are 80% less painful. That’s my opinion.
How Would Muhammad Ali Do It? An Introduction to Boxing
Before the Taxpayer Relief Act of 1997, boxing has been used to defer realizing capital gains. Since Uncle Sam really likes to get paid, he closed this loop hole with his greedy little fingers. Nevertheless, the boxing technique can still be used for purposes other than pulling a fast one on Uncle Sam.
Borrowing Shares with “Neutral” Exposure.
A trader with two margin accounts sees a rising stock and thinks that it will eventually fall off the cliff. The higher the stock rises, the more short interest it accumulates. The trader wants to borrow the shares before the stock becomes hard to borrow. At the same time, the trader does not want to short the stock just yet, seeing more room for it to grow. Thus, he buys shares on one account and shorts shares on another account. This nets the trader a neutral — or slightly biased (if the number of shares shorted is not equal to the number of shares bought) — exposure until he is ready to “unleash” the short exposure by selling the purchased shares. Before this happens, however, a margin call may force the trader to buy back the short shares, dismantling the box prematurely.
Making Intraday Roundtrips with No PDT Flag.
A trader with two margin accounts can buy shares on one account. When ready to exit the position to realize a profit or to limit a loss, the trader can short the same number of shares on the other account. This neutralizes the net exposure to the stock, as unrealized losses on one account will be equally offset by the unrealized profits on the other account. When ready to buy again, the trader adds shares to the account long on the stock. Thus, all buying for the day is done on one account, and all selling for the day is done on the other account … limited by the margin requirements and the remaining buying power on the accounts. The following day, the transactions can be reversed: shorts covered to gain long exposure and owned shares sold to gain short exposure (or to neutralize a long exposure) … or all positions can be liquidated to release buying power for other trades. Are there limits to this approach? Of course. Are there nuances, like HTB fees for certain tickers, and unexpected margin calls? Yes. Nevertheless, I do not know of a more effective solution to the PDT problem.
What about Options?
Boxing options with two margin accounts is highly impractical because of the margin/collateral requirements for short positions. Nevertheless, option traders may need to adjust their positions several times throughout the day when their underlying makes relatively big moves. Moreover, holding an option position overnight inevitably causes the trader to wake up to a different exposure, as the Greeks change with time. Thus, the PDT rule burdens small accounts trading options with a similar hindrance. Fortunately, there are ways to effectively avoid the PDT flag with options, requiring only one margin account (with spreads enabled). However, it’s more complicated than boxing shares.
Spreading out a Single Contract
It’s only a day trade if you open and close the SAME contract on the SAME day. Guided by the above principle, a trader can effectively neutralize the most sensitive aspect of a contract’s exposure by opening another contract that offsets the exposure. To do this effectively, the trader must understand the nonlinear, multidimensional dynamics of options. Understanding the pricing model(s) and the flaws of the model(s) is key in opening and adjusting the desired exposure and not getting surprised by the exposure hiding in false assumptions. This is essentially legging into a vertical or calendarized spread. There will still be residual exposure, but it will be hedged in a way that will allow the trader to sleep like a baby through the night. On the following day, the spread can be closed. As long as the same contracts are not traded in the opposite direction on the same day, no PDT flag will be triggered. NOTE: Doing this with American options can create complications when the short contract(s) are at or in the money, as this opens an exposure to early assignment.
Using Synthetic Positions to Adjust and/or Neutralize Exposure
Before I even begin explaining this technique … EARLY ASSIGNMENT RISK ASSOCIATED WITH AMERICAN OPTIONS CAN MAKE THIS APPROACH BLOW UP IN THE TRADER’S FACE (when high leverage is involved). USE WITH CAUTION! European options do not pose this risk. Cash-settled options work even better with this approach, as positions can be safely held through expiration into cash settlement with no pin risk. So, let’s begin … Note: This is not a course on put-call parity and synthetics. I will briefly break down the building blocks below and hyperlink the key terms for further study. Writing a put and buying a call at the same strike creates a synthetic long position that is equivalent to owning 100 shares of the underlying. Conversely, buying a put and writing a call at the same strike creates a synthetic short position that is equivalent to shorting 100 shares of the underlying. A synthetic long at one strike and a synthetic short at another strike creates a net-neutral position that is similar to the boxed shares on two margin accounts described previously. This position is called a box spread. With the strike of the synthetic long above the strike of the synthetic short, the box nets a credit. With the strike of the synthetic long below the strike of the synthetic short, the box nets a debit. Moreover, a synthetic long paired with a put at a different strike creates a synthetic call position. Conversely, a synthetic short paired with a call at a different strike creates a synthetic put position. Understanding the above gives the trader practically limitless possibilities of adjusting a newly opened option position multiple times and/or effectively closing it altogether on the same day without triggering the PDT flag. There may still be buying power reduction due to credit/debit cash flow and margin requirements on short box spreads set by the broker (e.g., TD Ameritrade requires 125% of the strike width in margin for a short box, which means selling a $10-wide put spread and a $10-wide call spread at the same strikes will reduce buying power by $1250 and increase it by the total credit received from selling the spreads).
Examples
Opening and closing a put credit spread on the same day. A trader sells a 4470/4460 put spread on SPX. SPX makes a large move up. Trader decides to close the position to realize/lock the profit, so he sells the 4460/4470 call spread on the same expiration. The resulting position is a short box spread with a synthetic long at the 4470 strike and a synthetic short at the 4460 strike. The trader can then let the box spread expire into cash settlement or close the box spread on the next day (if the net credit on the spread does not cover the margin requirement and additional buying power is desired). Keep in mind, that getting a fill when closing a box with a single order can be difficult, especially if one of the long legs has no bids. Buying back the short legs first may offer a quicker exit. Throwing in the sale of the higher-delta long leg with the buy-back of the short legs may also be a reasonable option if it reduces the net delta of the order (the less the delta, the less the market maker needs to hedge, the tighter the spread he may take from you). Adjusting a butterfly opened on the same day. A trader buys a broken wing 448/450/455 call butterfly on XSP (mini-SPX) at a negative debit (net credit). After lunch, SP500 sharply sells off. The trader uses this opportunity to reduce the upside risk by moving the 455 wing down to 452, making the butterfly balanced (symmetrical). Instead of selling the 455 call and buying the 452 call (buying a 452/455 call spread) and triggering a PDT flag, the trader sells a 455/452 put spread. This turns the call at the 455 strike into a synthetic long, which turns the put at the 452 strike into a synthetic call. The end result is identical to a 448/450/452 butterfly. A large enough move can make an adjustment like this turn a broken-wing butterfly into a loss-less balanced butterfly (profiting on either end with a larger profit zone between the wings). With each additional adjustment on the day, it can get increasingly difficult to keep track of the traded contracts and avoid making an unintentional round trip. Below is the table I would use to track the above butterfly for the day-trade adjustments.
Call
Strike
Put
+
448
-
450
452
+
+
455
-
There You Have It
The techniques described in this post are advanced. Nevertheless, the tools are available to the diligent trader who wants to make the best out of the circumstances imposed by the arbitrary regulation made by an incompetent government. May the Greeks be with you …
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The Proven Links Between Pakistan, Saudi Barbaria, and USA
Pakistan is proven to be in leagues with Saudi Barbaria, and there are extensive links showing the root of all these problems. There is no Indian campaign through Iran. Any "evidence" Pakistanis post is irrelevant distractions and they know it. Iran would never purposely further Saudi ambitions for its borders, and Chabahar was only built after decades of Iran trying to get Pakistan to finish its half of the pipeline, which they dropped because of Saudi pressure. They have no right to complain. Iran has even helped Kashmiri insurgents, and Khamenei routinely speaks out in favor of them and has even visited there, to complaints from India every time. Because Kashmir is no different from Hezbollah, Syrians, or Palestinians trying to fend off colonizing oppressors. (I'm starting to think helping out Pakistanis over Indians is a huge mistake for Iran considering what I'm about to reveal here...) But Pakistan has never had qualms about unleashing terrorists on neighbors and its own people in support of its Wahabi masters. "Saudi Saudi" is said because it is the truth. https://www.counterextremism.com/countries/pakistan
TTP has also received funding and logistical support from other extremist groups, such as LeJ, HuM, and even al-Qaeda––who reportedly contributed $15 million to the TTP through the Saudi-based Al-Haramain Foundation.
LeJ then appealed to and successfully received financial assistance from the TTP. LeJ has also reportedly received substantial funding from wealthy benefactors in Karachi.
LeJ attains most of its funding from wealthy donors in Pakistan, particularly from Karachi. The group also reportedly receives financial assistance from private Saudi Arabian firms.[i] The group also engages in criminal activities that fund its operations, such as extortion.[ii] Most of its members are recruited from Sunni madrassas in Pakistan.
Reports hold that the LeJ has been securing financial assistance from Saudi Arabia. Evidence of private Arab funding was disclosed with the arrest of several LeJ cadres responsible for the May 1997 killing of Ashraf Marth, a senior Police officer who had arrested the killers of Agha Mohammed Ali Rahimi, the Iranian Cultural Attaché in Multan. A substantial portion of LeJ’s funding is reportedly derived from wealthy benefactors in Karachi, Pakistan.
Ludhianvi is the chief of ASWJ, a proscribed sectarian extremist group, formerly known as Sipah-e-Sahaba. He became the head of ASWJ after the death of Ali Sher Haidri in a 2009 ambush. In a shocking development, the government has ordered to unfreeze assets of Maulana Ahmed Ludhianvi and removed a ban on his Ahle Sunnat Wal Jamaat (ASWJ) movement.
Hmmm, the same group calling for the killings of Shias whose members form the LeJ? Freed? Almost sounds like:
A report published in 2013 by the Human Rights Watch Pakistan revealed that the LeJ reportedly has links with the Pakistani military and intelligence agencies.
Since 2002, Malik Ishaq has been the LeJ’s operational chief. Ishaq has been prosecuted for alleged involvement in about 44 incidents of violence that involved the killings of 70 people, mostly from Pakistan’s Shia community. However, the courts have not convicted Ishaq for any of those killings and have acquitted him in 40 terrorism-related cases, including three acquittals by a Rawalpindi court on May 29, 2014 on the basis that “evidence against Ishaq was not sufficient for further proceedings.”
For nearly two decades, Malik Ishaq, the leader of the banned Lashkar-e-Jhangvi sectarian group, has shuffled between jail stays and probation. For whatever reason, the terrorism charges just don’t stick. According to Ishaq’s lead legal counsel, Qazi Misbah ul Hassan, he has been implicated in 64 cases — including a rash of bomb and gun attacks on religious processions, congregations, and places of worship. But he has only been held accountable for two minor and non-violent crimes, charges which lately have also slid right off. Ishaq claimed that during his incarceration the Pakistani authorities had pleaded with him, repeatedly offering him a ‘get out of jail’ card. "They told me, stop speaking against them [Shiites] and we will free you," he blustered, adding that: "I told them, I would rather die!" The ebullient crowd roared, punctuating his words with cries of "Shia Kafir [Shias Infidel]," and hurled a repertoire of abuses at the late leader of Iran, Ayatollah Ruhollah Khomeini (Iran is a predominantly Shiite country). On his way out, Ishaq vowed to rescue his 42 comrades who then were on death row. In 2013, at the same mosque, the Lashkar-e-Jhangvi chief addressed a crowd of 1,000. The gathering was monitored by a handful of policemen in civil clothes. According to a police report, after reiterating his mission to declare Shiites non-Muslims, Ishaq’s underlings swore to give their blood for his mission.
No restrictions at all," he [Ramzan Mengal] says. "I have police security during the election campaign. When I take out a rally in my area, I telephone the police and am given guards for it." He has often been seen leading crowds of hundreds in chants of "Kaafir, kaafir, Shia kaafir!", "Apostates, apostates, Shias are apostates!". Having been cleared by the election commission, Mengal is among more than 150 ASWJ candidates running for seats in Pakistan's National Assembly. Earlier this month, authorities lifted restrictions on Ahmed Ludhianvi, the ASWJ chief, under an anti-terrorism law, allowing him to move freely for the first time in years, a spokesperson told Al Jazeera. The ASWJ is not the only group accused of links to armed groups in these elections. The Jamaat-ud-Dawa (JuD), a humanitarian aid organisation designated by the United Nations as a front for the Lashkar-e-Taiba (LeT), is also taking part, under the banner of the Milli Muslim League (MML). Hafiz Muhammad Saeed, the JuD chief and LeT founder accused of plotting the 2008 Mumbai attacks, has also been leading MML campaign rallies across the country.
Rezai, who normally travels with a police guard, was hesitant. The guard had been re-assigned just a few hours earlier, on orders from Pakistan’s Supreme Court that more than 12,600 policemen on personal guard duty to private citizens be withdrawn. The killing of Rezai and one other man was the latest in a series of recent attacks on the community that mark an uptick in violence in the provincial capital of Pakistan's Balochistan province. The province has seen sectarian attacks, an armed separatist movement, and Taliban attacks for years. The neighbourhoods are surrounded by high concrete walls topped with barbed wire. Entry is strictly controlled through a series of checkpoints manned by paramilitary personnel. By 8pm, there is a virtual curfew with all entrances and exits sealed, bar one at each enclave. "We have been imprisoned without having committed a crime," says Agha. If Hazara citizens are attacked outside of their enclaves, community leaders say they are questioned as to what they were doing there.
Friday's bloodshed came two days after authorities freed Ramzan Mengal, a top leader of a banned sectarian group, Lashkar-e-Jhangvi (LeJ), Quetta police chief Abdul Razzaq Cheema said.
Shias are liable to be killed, an open declaration by Ramzan Mengal of banned militant out fit the Lashkare Jhangvi. The state of Pakistan is supporting him and media failing to cover #ShiaHazaraGenocide #HazaraLivesMatter #HazaraKilling https://t.co/lHf4SC0BLZ
For almost a year, the ASSP failed to attract attention to its cause. Its members spent their time writing graffiti such as “Kafir, kafir—Shia kafir” (Shia are infidels), and the group largely stuck to promoting this slogan. A shrewd cleric, Jhangvi soon understood that he would not succeed unless he found supporters in Islamabad. By 1985, he had renamed the group “Sipah-i-Sahaba Pakistan” (Soldiers of the Companions of the Prophet) and became a regular visitor to Islamabad. In Islamabad, he frequented Arab embassies, particularly those of Iraq and Saudi Arabia.3 He failed to convince Iraqi diplomats that his group could fight an Iraqi proxy war against Iran in Pakistan, but he did succeed in winning over the Saudis to do the same.4 At the time, there were not many Wahhabis among the Pakistani population, so the Saudis patronized Deobandi parties and groups as their proxies. Nevertheless, none of these groups were prepared to fight a proxy war against Iran in Pakistan. The Saudis were particularly interested in establishing Sunni terrorist infrastructure—such as military training camps—along the Pakistan-Iran border so that terrorists could carry out attacks inside Iran to incite the Sunni population against the Shi`a regime; after conducting attacks, they could flee back across the border to their sanctuaries in Pakistan. The Saudis even invited some Kashmiri commanders from Indian-controlled Kashmir to Saudi Arabia and offered them large sums of money to abandon jihad in Kashmir and establish terrorist infrastructure in Baluchistan on the Iranian border.5 None of these commanders, however, accepted the role as a proxy army for the Saudis.6 The SSP, however, did accept the role, and became one of the first terrorist groups to establish sizeable infrastructure in Baluchistan.7 The Saudi money gave the SSP a “shot in the arm” and allowed it to establish terrorist infrastructure.8 As a result, the SSP achieved tremendous growth in both numbers and influence during its early years. By 1990, it had plotted to assassinate Iranian diplomats along with Pakistani Shi`a Muslims. The SSP tried to kill Iranian diplomats in Lahore, Karachi and Multan. SSP members such as Riaz Basra and Shaykh Haq Nawaz Jhangvi (not to be confused with its founder) gained notoriety after they succeeded in killing Iranian diplomats. 11 Their operations did not come without resistance. For example, the SSP’s founder, Maulana Haq Nawaz Jhangvi, was gunned down in 1990, allegedly by Shia militants. Moreover, a group of Shia militants created their own terrorist group in the mid-1990s—known as Sipah-i-Muhammad Pakistan (SMP)—and began retaliating against Deobandi Muslims in Pakistan. The SMP assassinated various Deobandi clerics.
Pakistan’s ISI has reportedly provided both the Haqqani network and Afghan Taliban with extensive funding, weapons, and sanctuary. Most early Taliban members were also trained the Deobandi or Saudi-funded Wahhabi madrassas of Pakistan, and the group continues to recruit from madrassas there. Sirajuddin Haqqani, the leader of the Haqqani network, reportedly moved freely around Pakistan as of February 2016 and has even visited Pakistani intelligence offices in Rawalpindi.
A Pakistani tribal militant group responsible for a series of deadly guerrilla raids inside Iran has been secretly encouraged and advised by American officials since 2005, U.S. and Pakistani intelligence sources tell ABC News. U.S. officials say the U.S. relationship with Jundullah is arranged so that the U.S. provides no funding to the group, which would require an official presidential order or "finding" as well as congressional oversight. Tribal sources tell ABC News that money for Jundullah is funneled to its youthful leader, Abd el Malik Regi, through Iranian exiles who have connections with European and Gulf states.
However, the CIA is giving arms-length support, supplying money and weapons, to an Iranian militant group, Jundullah, which has conducted raids into Iran from bases in Pakistan.
In February 2007, Dick Cheney traveled to Pakistan and met with then Pakistani President General Pervez Musharraf. Pakistani government sources said at the time that the secret campaign against Iran by Jundullah was on the agenda when the two met. In an interview later that month, Cheney referred to the Jundallah terrorists as "guerrillas" to give them legitimacy. According to the report, "U.S. relationship with Jundullah is arranged so that the U.S. provides no funding to the group, which would require an official presidential order or "finding" as well as congressional oversight. The money for Jundullah was funneled to its leader, Abdelmalek Rigi, through Iranian exiles who have connections with European and Gulf states." The Iranian exiles are the Mujahedin-e Khalgh (MKO). Former Pakistani Army Chief, retired General Mirza Aslam Baig, also said that "the U.S. supports the Jundullah terrorist group and uses it to destabilize Iran. Baig was deeply involved when the Pakistani military's Inter-Services Intelligence (ISI) created the Taliban."
Pakistan as sectarian battleground In an interview given to Reuters, Malik Ishaq, the leader of one of Pakistan's most notorious anti-Shia extremist groups Lashkar-e-Jhangvi (LeJ) declared Shia Muslims "the greatest infidels on earth" and demanded that the Pakistani state "declare Shia non-Muslims on the basis of their beliefs". Ishaq's demagoguery is not idle talk, LeJ death squads are believed to have been responsible for the killings of thousands of Shias throughout the country, including a campaign of targeted murders in 2011 which killed dozens of Shia doctors, lawyers and politicians residing in the major port-city of Karachi. One lower-level LeJ operative now in police custody, Mahmoud Baber, reportedly choked with pride and emotion while describing to reporters his "great satisfaction" at being involved in 14 murders over his militant career, saying of the organisations purpose: "Get rid of Shias. That is our goal. May God help us". Despite his unrepentant advocacy and propagation of violence, Ishaq himself has been acquitted over 30 times on homicide and terrorism charges - an incredible run of judicial fortune which many have attributed to covert support from elements within Pakistan's national security establishment which have long cultivated such groups as potential weapons against regional rival such as India. Indeed, while organisations like the LeJ, Pakistani Taliban, Lashkar-e-Taiba and offshoots such as the Sipah-e-Sahaba (SSP) focus their violence on Pakistani Shias, they are representative of a broader regional narrative to which the Shia community is largely a victim of geopolitical circumstance and manipulation by external parties. Pakistan has long been a front in the battle for regional influence between Iran and Saudi Arabia, and the patronage of violent extremist groups primarily by the latter has been utilised as a tool to counter potential Iranian influence within the country. The Pakistani Shia population, as well as the Pakistan's social cohesion as a whole, have been the collateral damage in this battle as wealthy Gulf donors have armed and funded sectarian death squads to wreak havoc against Pakistani Shias and other religious minorities within the country. WikiLeaks cables released in 2009 described the extent of which this support has been facilitated: "Donors in Saudi Arabia as the most significant source of funding to Sunni terrorist groups worldwide… for groups aligned with Al-Qaida and focused on undermining stability in Afghanistan and Pakistan". The leaked report describes in detail the extent to which wealthy, conservative Gulf donors have sought to use Pakistan as a battlefront for their war against Iran - a war in which they see all Shias across the world as being legitimate targets for violence. An estimated $100m per year has flowed from donors from the Gulf to fund extremist groups in Pakistan and spread sectarian ideology - a massive sum especially for a developing country such as Pakistan and one which has been increasingly successful in subverting the heterodox and tolerant Islamic tradition which has historically been prevalent in the subcontinent. Children in particular, often pliable candidates for suicide bombings, have been specifically recruited for indoctrination with those "between the ages of 8 to 12" and whose families are "suffering extreme financial difficulties" being the most favoured targets of recruitment by sectarian extremist groups.
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