๐ ๐๐ ๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐๐๐?
๐ Muslim Traders MUST Read This First!
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โ Why Many Scholars Say Futures Trading Is Haram:
1๏ธโฃ Gharar (Uncertainty) โ Selling what you donโt own is forbidden in Islam (Tirmidhi Hadith).
2๏ธโฃ Riba (Interest) โ Leverage & margin include interest, which is haram.
3๏ธโฃ Maisir (Gambling) โ Speculation without actual asset use = gambling.
4๏ธโฃ Delayed Delivery โ In Islam, contracts must settle either product or payment immediately.
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โ When It May Be Halal:
๐น The asset is halal and tangible (not just numbers on a screen)
๐น No leverage or interest involved
๐น The trader owns or controls the asset
๐น Itโs used for hedging, not for pure profit speculation
(This resembles a Salam contract โ not conventional futures.)
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๐ Trusted Opinions:
AAOIFI: โ Haram
Deoband & most scholars: โ Haram
Some modern scholars: โ Halal with strict conditions
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๐ Conclusion:
Most futures trading today is not halal due to interest, uncertainty & gambling.
โ But there ARE Shariah-compliant alternatives like:
Islamic Mutual Funds
Sukuk (Islamic Bonds)
Halal Stocks
Real Assets
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๐ฌ Muslim Traders โ Are you trading halal?
Drop your thoughts or alternatives below ๐
#HalalCrypto #IslamicFinance #BinanceSquare #CryptoEthics #FuturesHaramOrHalal