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#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_H6VF5
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**Is Futures Trading on Binance Halal or Haram?** The Muslim crypto community is buzzing with debate: Is futures trading on Binance halal or haram? According to Islamic finance principles, futures trading is largely considered haram by most scholars due to its speculative nature and elements of *gharar* (excessive uncertainty), which resembles gambling, prohibited in Islam. Futures contracts involve trading assets not owned at the time of agreement, conflicting with Shariah rules requiring tangible asset ownership. Additionally, leverage in futures trading often involves *riba* (interest), further rendering it impermissible. However, some argue futures trading can be halal if used for hedging with a spot position, avoiding speculation, and excluding interest-based fees. For instance, simple platform fees may be permissible, but fixed interest is not. Scholars like those from Darul Uloom Deoband emphasize that selling what one does not possess is invalid in Shariah. For Muslims trading on Binance, sticking to spot trading with clear ownership and no leverage is safer to ensure compliance with Islamic principles. Always consult a knowledgeable scholar for guidance.#Binance #BinanceAlphaAlert $BTC
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**Binance Alpha Launches BugsCoin Trading Competition (BGSC)** Binance Alpha has launched an exciting BugsCoin (BGSC) Trading Competition, offering participants a chance to share a reward pool of 136,250,000 BGSC tokens, valued at approximately $1 million. The promotion period began on July 1, 2025, at 08:00 UTC, and is open to all eligible users who can trade Binance Alpha tokens. Participants are ranked based on their cumulative BGSC purchase volume during the event, with sell orders excluded from the tally. In addition to the trading competition, Binance Alpha has listed BUGSCOIN (BGSC), and eligible users can claim an airdrop of 7,360 BGSC tokens within 24 hours of trading commencement by using Binance Alpha Points. BugsCoin aims to revolutionize trading education through simulated investments, offering virtual funds and rewards for profitable trades. This initiative aligns with BugsCoin’s mission to lower entry barriers for new investors via gamified trading experiences on platforms like the upcoming decentralized exchange ADEN. $BTC #BinanceAlfha #teump
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