It's not just futures, some coins themselves are against Islamic principles, even if you're trading them on spot, it's still considered haram in Islam.
Janni Olsson
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Bearish
โ$FUTURE TRADING IN ISLAM โ HALAL OR HARAM? ๐ A Detailed Explanation with Proofs
๐ "Family pressure, constant guilt, endless confusion..." Letโs finally clear the air โ in the light of authentic Islamic teachings. ๐
๐ด Why Most Scholars Call Futures Haram 1๏ธโฃ Gharar โ Extreme uncertainty
Selling what you donโt own is prohibited. ๐ โDonโt sell what you donโt possess.โ โ (Tirmidhi)
2๏ธโฃ Riba โ Interest-based system
Margin & leverage trading involve interest โ which is strictly forbidden in Islam.
3๏ธโฃ Maisir โ Resemblance to gambling
Speculative price betting without owning or using the asset.
4๏ธโฃ Delayed Settlement
Islam requires either immediate payment or delivery. Futures violate both.
โ When Some Scholars Consider It Halal Only under strict Shariah-compliant conditions: โ๏ธ Structured like Salam contracts โ๏ธ Physical halal asset (e.g., wheat, oil) โ๏ธ Seller owns the asset or legal rights โ๏ธ No leverage, no interest โ๏ธ Purely for hedging, not speculation
๐ Trusted Islamic Opinions
AAOIFI: Conventional futures are not allowed
Darul Uloom Deoband: Clearly declares them haram
Some modern scholars explore Islamic alternatives โ but not regular futures
๐ข Conclusion
โ Todayโs typical futures contracts are haram in Islam. โ Explore halal investing instead:
Shariah-compliant stocks
Islamic mutual funds
Sukuk (Islamic bonds)
Real estate & commodities
๐ฌ Still unsure? ๐ Always consult your local Mufti or certified Islamic finance expert. ๐ Trade halal, earn pure โ and invite Barakah into your rizq.