๐จ๐ฅ Futures Trading in Islam โ Halal โ or Haram ๐ซ ? ๐๐
Assalamu Alaikum, Curious Mates!
Today, letโs address a very important question:
"Is futures trading allowed (Halal) in Islam or is it considered Haram?"
๐ What is Futures Trading?
In futures trading, you agree to buy or sell an asset โ like Bitcoin โ at a set price on a future date. But at the time of the agreement, you neither receive the asset nor gain ownership.
โ๏ธ Islamic Viewpoint:
The majority of Islamic scholars believe futures trading is Haram due to several reasons:
Uncertainty (Gharar): The terms of the deal are unclear
Gambling (Qimar): It's based on speculation and risk-taking
Lack of Real Ownership: You never physically receive the asset
Involvement of Leverage & Interest (Riba): Often tied to interest-based systems
๐ Scholarly Opinions:
โถ๏ธ Mufti Taqi Usmani:
โFutures contracts are not permissible as there is no actual possession of the asset involved.โ
โถ๏ธ Darul Uloom Deoband & Al-Azhar University:
If there is no physical delivery of the asset, futures trading is considered Haram.
โ The Halal Alternative โ Spot Trading:
Involves real buying and selling of cryptocurrencies
Full ownership is transferred to the buyer
No use of leverage or interest
๐ข Final Verdict:
โ Futures Trading = Haram
โ Spot Trading = Halal
๐ Always choose Halal ways to earn โ it brings blessings and peace of mind, InshaโAllah.
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