👇👇With around 1.9 billion Muslims worldwide, many are keen to explore trading opportunities.👇👇

However, several forms of trading are considered Haram (impermissible) under Islamic law.

Although some platforms claim to follow Islamic (Sharia) principles, their practices often fall short. After consulting with scholars and conducting my own research, I’ve identified key insights that could benefit both traders and platforms—especially Binance.

Islamic rulings classify Forex, margin, and futures trading as Haram due to two main concerns.

1️⃣ Leverage & Riba (Interest):Platforms offering leverage lend money and charge fees, which is considered Riba (interest) and thus prohibited in Islam. However, profit-sharing models are Halal. Binance could address this by charging fees only on successful trades, leaving unsuccessful trades without any fees. These fees could be optimized to cover operational costs, ensuring a balanced system for both traders and the platform.

2️⃣ Ownership in Margin & Futures Trading:

Trading assets one does not own is impermissible in Islam. A potential solution would be for platforms like Binance to deposit leveraged funds directly into the trader’s account for trade execution only, retrieving them once the trade closes. This method ensures the trade aligns with Islamic principles, making futures trading more accessible for Muslim traders.

While spot trading is Halal and widely accepted, it may not offer the same profitability as futures trading. With thoughtful adjustments to leverage and margin practices, platforms can attract a broader audience while adhering to Islamic principles, creating a more inclusive and fair trading environment.

These shifts not only open doors for millions of Muslim traders but also foster greater financial inclusion. Will platforms like Binance rise to the challenge?

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