Leverage is interest! Guessing price fluctuations is gambling.
What is futures? You are selling something that may only exist tomorrow or even next year, like oil or wheat! "Don't sell what you don't have!" Isn't that obviously stepping on a landmine? What you are selling could be "air," with risks that are boundless!
Interest trap, Riba cannot be avoided!
Playing futures generally requires leverage/margin, right? Here comes the problem: when the broker lends you money to play, do they charge interest? Yes! This is a major taboo!
Islamic finance iron rule: money with interest cannot be touched, not even a cent! This is the red line among red lines!
The essence is "guessing big or small," Maisir!
How many people trading futures actually need oil or wheat? 90% are just betting on price fluctuations! They don't care about the physical goods, purely guessing.
Islam views gambling as poison! What’s the difference between this pure speculation and betting in a casino?
Islamic business emphasizes immediate payment and delivery or clearly defined rules for delays.
What about futures? Both money and goods are deferred to the future! Contracts are like castles in the air, they could collapse at any time!
Today’s brokers opening futures accounts, one after another, basically all step on these four landmines! Want "Halal"? Not a chance!
In the very few situations where a "green light" is given, don’t rejoice too early:
It must be for “real demand,” not “gambling addiction”!
For example, if you are a wheat trader, fearing a price collapse next year, locking in the selling price in advance to hedge against risk.
This is called commercial hedging, not speculation.
Contracts must be like “Islamic custom versions”!
They must be similar to “Salam” (payment in advance for delivery) or “Istisna” (custom production), these types of forward contracts recognized by Sharia law.
Dual impact of faith and wealth:
Brother, every penny of yours carries a “Halal” or “non-Halal” label!
Is it risky “haram futures” that worries your family and unsettles your heart?
Or is it the “clean wealth” that pleases Allah, earning you peace of mind and double blessings?
Recently, I plan to ambush a potential coin that is ready to explode, doubling is quite simple, with an expected upside of over 10 times, if you want to keep up, follow me, I’ll share for free.