The topic of futures contracts (Futures) is one that scholars differ on, but most scholars from Ahl al-Sunnah believe that entering into these transactions is not permissible as they involve gharar (uncertainty) and risk.
### Explanation of the Issue:
Futures contracts are transactions that allow the exchange of goods or assets at a future date at a predetermined price. The problem focuses on the following aspects:
1. Gharar: There is significant uncertainty regarding the market and future commodity prices.
2. Riba: If the transactions involve interest or include haram funds, they are prohibited.
### Evidence from the Quran and Sunnah
2. From the Sunnah, the Prophet (peace be upon him) said: "The Messenger of Allah (peace be upon him) prohibited the sale of gharar" (Narrated by Muslim).
### Scholars' Opinions:
Many later scholars, such as Sheikh Ibn Baz and Sheikh Al-Albani, believe that these transactions have significant doubts and warn against them. It is preferable to obtain them through alternatives that comply with Sharia rulings.
### Alternatives:
Futures contracts can be replaced with clear and direct commercial transactions, such as:
- Buying and selling goods directly.
- Investing in legitimate companies.
- Directing funds towards projects that become legitimate.
Thus, scholars and experts should provide guidance on understanding and advising financial matters, as they are more knowledgeable about the details and differing opinions.
1. Allah, the Almighty, said in Surah Al-Baqarah (verse 275): "Allah has permitted trade and prohibited riba." This means that transactions resembling riba or containing gharar are considered unlawful.
