O Allah, suffice us with Your lawful against Your unlawful
and enrich us with Your grace from others beside You
m-sokrate
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Spot Trading is permissible in itself if conducted according to Shariah controls, including:
Immediate exchange: meaning that the delivery and receipt occur in the same session without delay.
Avoiding prohibited leverage: meaning avoiding usurious loans provided by some platforms.
Legitimacy of the traded asset: meaning that the asset being traded (such as stocks or cryptocurrencies) is not inherently prohibited.
Avoiding engagement in prohibited speculation: such as trading based on uncertainty or gambling.
If these conditions are met, then spot trading is permissible according to Shariah; however, if violations exist, it may not be permissible. It is best to refer to scholars to verify the details of each transaction.
Immediate exchange: meaning that the delivery and receipt occur in the same session without delay.
Avoiding prohibited leverage: meaning avoiding usurious loans provided by some platforms.
Legitimacy of the traded asset: meaning that the asset being traded (such as stocks or cryptocurrencies) is not inherently prohibited.
Avoiding engagement in prohibited speculation: such as trading based on uncertainty or gambling.
If these conditions are met, then spot trading is permissible according to Shariah; however, if violations exist, it may not be permissible. It is best to refer to scholars to verify the details of each transaction.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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