Yes that’s why I use crypteller bot to trade on spot for scalping
Emile_K
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Bullish
🕌 𝐈𝐒 𝐅𝐔𝐓𝐔𝐑𝐄𝐒 𝐓𝐑𝐀𝐃𝐈𝐍𝐆 𝐇𝐀𝐋𝐀𝐋 𝐎𝐑 𝐇𝐀𝐑𝐀𝐌 𝐈𝐍 𝐈𝐒𝐋𝐀𝐌?
📉 Muslim Traders MUST Read This First!
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❌ Why Many Scholars Say Futures Trading Is Haram:
1️⃣ Gharar (Uncertainty) — Selling what you don’t own is forbidden in Islam (Tirmidhi Hadith). 2️⃣ Riba (Interest) — Leverage & margin include interest, which is haram. 3️⃣ Maisir (Gambling) — Speculation without actual asset use = gambling. 4️⃣ Delayed Delivery — In Islam, contracts must settle either product or payment immediately.
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✅ When It May Be Halal:
🔹 The asset is halal and tangible (not just numbers on a screen) 🔹 No leverage or interest involved 🔹 The trader owns or controls the asset 🔹 It’s used for hedging, not for pure profit speculation
(This resembles a Salam contract — not conventional futures.)
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📚 Trusted Opinions:
AAOIFI: ❌ Haram
Deoband & most scholars: ❌ Haram
Some modern scholars: ✅ Halal with strict conditions
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📌 Conclusion: Most futures trading today is not halal due to interest, uncertainty & gambling. ✅ But there ARE Shariah-compliant alternatives like:
Islamic Mutual Funds
Sukuk (Islamic Bonds)
Halal Stocks
Real Assets
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💬 Muslim Traders — Are you trading halal? Drop your thoughts or alternatives below 👇 #HalalCrypto #IslamicFinance #BinanceSquare #CryptoEthics #FuturesHaramOrHalal
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.