introduction:

The world today is witnessing a rapid development in the field of financial markets, where trading in securities and digital currencies has become common. In light of this development, the question arises about the extent to which these operations are compatible with Islamic law.

Trading in Islam: An Overview

Trade is one of the most important economic activities encouraged by Islam, as it is a means of lawful livelihood and economic development. Islam has set rules and regulations for trade, with the aim of achieving justice and fairness and protecting the rights of those dealing with it.

Pillars of Sharia trading:

* The commodity: The commodity being traded must be tangible and permissible according to Islamic law, and there must be actual delivery of it.

* The contract: The contract must be valid and free from legal defects, such as uncertainty, usury, and deception.

* Price: The price must be known and deferred, and payment and delivery must be as simultaneous as possible.

* Intention: The intention of the contracting parties must be good and sound, and the goal of the transaction must be lawful earnings.

Trading situations in financial markets:

* Trading in stocks: It is permissible to trade in stocks that represent ownership in halal companies, provided that there is no uncertainty or usury in the contract.

* Trading in commodities: It is permissible to trade in basic commodities provided that the legal conditions for buying and selling are met.

* Trading in digital currencies: The legal ruling on trading in digital currencies varies according to their nature and the method of trading. If the digital currency is linked to a real commodity or physical currency, and trading in it is done in a clear and transparent manner, then it is permissible. However, if the digital currency is based on speculation and guesswork, or is used in illegal operations, then trading in it is not permissible.

* Futures and derivatives: The provisions of futures and derivatives differ according to their nature and terms. Some of these contracts may be prohibited due to the presence of uncertainty or usury in them, while others may be permissible if the terms are clear and their purpose is to hedge against risks.

Legal warnings in trading:

* Usury: You must be careful of any form of usury, whether it is usury of delay or usury of excess.

* Gharar: Contracts that contain a great deal of gharar, i.e. uncertainty about the subject matter of the contract or its price, should be avoided.

* Speculation: It is not permissible to participate in speculation operations that rely on guesswork and gambling.

* Fraud and Deception: Honesty and truthfulness must be adhered to in business dealings.

conclusion:

Trading in financial markets can be halal if done in accordance with Islamic law. Muslims should be careful and vigilant in choosing investments, and consult Islamic scholars when in doubt about any matter.