Abodoooo5
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IF you muslim you shoud know this..
Five Reasons Why a Financial Transaction Can Be Prohibited
1. Riba (Usury): Involving loans and interest.
2. Gharar and High Risk (Uncertainty): In unclear and ambiguous contracts.
3. Gambling (Maysir): In betting and excessive speculation.
4. Fraud (Ghash): Through price manipulation.
5. Selling What You Don’t Own: Trading assets you do not possess.
Examples ..
1. Leverage Trading
Meaning: Using high leverage (e.g., 100x or 50x) to amplify trade sizes.
Prohibition: Due to Gharar (excessive uncertainty) and high risk resembling gambling, along with the potential involvement of Riba if loans with interest are used.
2. Futures Contracts
Meaning: Agreements to buy or sell an asset (e.g., Bitcoin) at a predetermined price on a future date.
Prohibition: Involves Selling What You Don’t Own and contains Gharar.
3. Binary Options
Meaning: Betting on whether the price of an asset will go up or down within a set time.
Prohibition: It is considered Gambling rather than real investment.
4. Short Selling
Meaning: Selling an asset you do not own (borrowing it in hopes its price will drop).
Prohibition: Because it involves Selling What You Don’t Own and carries unlawful risk.
5. Price Prediction Markets
Meaning: Platforms allowing users to bet on the future price direction of a currency over a short period.
Prohibition: It is Gambling, relying on chance rather than real analysis.
6. Perpetual Contracts
Meaning: Derivative contracts without an expiry date, continuously traded with leverage for long/short positions.
Prohibition: Due to Gharar (uncertainty) and lack of immediate settlement, making it similar to gambling.
7. Crypto Lending with Interest
Meaning: Depositing cryptocurrencies into a platform in exchange for a fixed-interest return (e.g., Binance Earn).
Prohibition: It falls under Riba since it offers guaranteed returns without real investment risk.
Five Reasons Why a Financial Transaction Can Be Prohibited
1. Riba (Usury): Involving loans and interest.
2. Gharar and High Risk (Uncertainty): In unclear and ambiguous contracts.
3. Gambling (Maysir): In betting and excessive speculation.
4. Fraud (Ghash): Through price manipulation.
5. Selling What You Don’t Own: Trading assets you do not possess.
Examples ..
1. Leverage Trading
Meaning: Using high leverage (e.g., 100x or 50x) to amplify trade sizes.
Prohibition: Due to Gharar (excessive uncertainty) and high risk resembling gambling, along with the potential involvement of Riba if loans with interest are used.
2. Futures Contracts
Meaning: Agreements to buy or sell an asset (e.g., Bitcoin) at a predetermined price on a future date.
Prohibition: Involves Selling What You Don’t Own and contains Gharar.
3. Binary Options
Meaning: Betting on whether the price of an asset will go up or down within a set time.
Prohibition: It is considered Gambling rather than real investment.
4. Short Selling
Meaning: Selling an asset you do not own (borrowing it in hopes its price will drop).
Prohibition: Because it involves Selling What You Don’t Own and carries unlawful risk.
5. Price Prediction Markets
Meaning: Platforms allowing users to bet on the future price direction of a currency over a short period.
Prohibition: It is Gambling, relying on chance rather than real analysis.
6. Perpetual Contracts
Meaning: Derivative contracts without an expiry date, continuously traded with leverage for long/short positions.
Prohibition: Due to Gharar (uncertainty) and lack of immediate settlement, making it similar to gambling.
7. Crypto Lending with Interest
Meaning: Depositing cryptocurrencies into a platform in exchange for a fixed-interest return (e.g., Binance Earn).
Prohibition: It falls under Riba since it offers guaranteed returns without real investment risk.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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