Why are Futures Contracts Forbidden by Sharia? ⛔

In the trading world, many people use futures contracts for quick profits ⚡, but we must understand that this type of contract has significant legal issues that scholars consider it forbidden in Islam.

Here are the main reasons:

Gharar (Uncertainty) ❓

Futures contracts involve a great risk, and you don’t know whether you will win or lose. This type of ambiguity is prohibited in Islam.

Riba (Interest) 💸

They often contain financing fees or interest on borrowed funds, which falls under the forbidden riba.

Gambling (Maisir) 🎲

Many people gamble with their money without knowledge, and this resembles gambling, which Islam completely prohibits.

Selling Before Ownership ⛔

In futures contracts, you sell something you do not actually own, which is prohibited in Sharia.

What’s the alternative? ✅

Invest in spot trading of halal currencies or stocks, focus on projects that have a future, and steer clear of fast paths that have doubts.

Final Advice:

Money is a trust, and halal earnings bring great blessings and goodness. Be smart and trade with faith!