Futures trading and its ruling: is it Halal or Haram and what is the Halal alternative 👇
📌 What is futures trading?
Futures trading or futures contracts is a type of trading on Binance that allows you to buy or sell a contract representing an asset (like Bitcoin, Ethereum...) at a specified price, but settlement occurs in the future.
You can profit whether the price goes up or down (depending on your position 'buy' or 'sell').
It often involves financial leverage, meaning you can open larger positions than your balance, which increases profits but also increases losses.
