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If You're a Muslim, This is Important to Know
5 Key Reasons Why Certain Financial Transactions Are Forbidden in Islam:

1. Riba (Interest): Any involvement in lending or borrowing with interest.

2. Gharar (Uncertainty) & Excessive Risk: Deals based on unclear terms or unpredictable outcomes.

3. Maysir (Gambling): Engaging in speculative or luck-based activities.

4. Ghash (Deception/Fraud): Misleading practices like manipulating prices.

5. Selling What You Don’t Own: Trading assets you don’t currently possess or control.

Real-World Examples of Prohibited Activities:

1. Leverage Trading

What it is: Using borrowed funds (like 50x or 100x leverage) to increase trade size.

Why it's haram: Involves high uncertainty and risk (Gharar), resembles gambling, and may include interest-based loans (Riba).

2. Futures Contracts

What it is: Agreeing to buy or sell something (e.g., Bitcoin) at a fixed price on a future date.

Why it's haram: Includes uncertainty and involves trading something not currently owned.

3. Binary Options

What it is: Betting on whether an asset's price will rise or fall within a time limit.

Why it's haram: Considered a form of gambling, not real investing.

4. Short Selling

What it is: Selling assets you don’t own, hoping to buy them back cheaper later.

Why it's haram: Involves selling what you don’t own and comes with speculative risk.

5. Price Prediction Markets

What it is: Platforms where users bet on future price directions of assets.

Why it's haram: Purely speculative, similar to gambling.

6. Perpetual Contracts

What it is: Derivatives that allow continuous trading without expiration, often with leverage.

Why it's haram: Filled with uncertainty and delays in settlement, mirroring gambling behavior.

7. Interest-Based Crypto Lending

What it is: Earning fixed interest by depositing crypto (e.g., on Binance Earn).

Why it's haram: Involves Riba—earning money from money without real trade or risk.