Is Futures Trading Haram? đ€đ
In Islamic finance, the permissibility of futures trading is debated. Some scholars consider it haram due to:
â Gharar (Uncertainty) â Futures involve speculation and uncertainty about price movements.
â Riba (Interest) â Leveraged trading may involve interest, which is prohibited in Islam.
â Maysir (Gambling) â High-risk speculation can resemble gambling, which is forbidden.
However, some argue that if futures are used for hedging rather than speculation, they may be permissible. Always consult a knowledgeable Islamic scholar for guidance on halal investing!