Crypto Future Trading Halal or Haram ?
š¤ These days, people are earning money through crypto trading, but the most confusion arises regarding "Future Trading." Let's understand it in simple terms.
š What is Future Trading?
It is a type of trading where you agree to buy or sell a coin or asset at a future priceābut at that moment, you are not actually buying or selling it. You're just speculating whether the price will rise or fall.
If your guess is correct, you make a profit. If wrong, you incur a lossāand sometimes, you can even lose all your money. This trading also involves leverage and interest-based borrowing, meaning debt and interest.
Islamic Point of View:
Islam has some essential principles for trading:
1. Gharar (uncertainty)is haramāmeaning unclear contracts or lack of proper ownership.
2. Riba (interest/usury) is haramāwhich is present in leveraged future trading.
3. Qimar (gambling) is also haramāwhen you trade based on speculation without owning the asset, it resembles gambling.
Therefore, many Islamic scholars say that **Future Trading, especially with leverage, is haram.**
However, if you do ,ā”spot tradingā” (i.e., buying and immediately owning the asset), most scholars agree that it does not contain haram elementsāas long as it avoids interest and gambling.
ā Summary:
ā Future Trading (leverage, speculation) ā Mostly considered haram by scholars.
ā Spot Trading (actual buying & selling) ā Can be permissible in Shariah if done in a halal manner.