*Important Question for the Muslim Crypto Community! Future Trading on Binance โ Halal or Haram? ๐ค*
I want to raise an honest question through this post โ is Future Trading (leverage trading) on Binance or any crypto exchange halal according to Shariah? Many people are using 10x, 50x, 100x leverage, which brings high profits but also high risks. However, for us, it's not just about profits; we need to consider: "Is this trading permissible from an Islamic point of view?"
Some argue:
- It's pure speculation without actual asset exchange, making it haram.
- It resembles riba (interest) or qimar (gambling).
Others say:
- If you trade responsibly and understand the risks, it's not haram โ it's a business risk, not gambling.
I'm seeking honest opinions from my Islamic brothers and sisters:
- Do you think Binance futures or leverage trading is halal or haram?
- Your response can guide others.
Please comment and share your knowledge! #writetoearn