$BTC

Is Future Trading Halal or Haram?

Today I will tell you everything about future trading with point of view. And will also share some proof that every person does not understand this thing and what happens in it.

Sunan Abi Dawood: Hadith 3503

Hakim ibn Hizam asked Nabi ﷺ: Can I sell such things which I do not have?

Nabi ﷺ said: Do not sell the things which you do not have.

From this we come to know that the prophet {PBUH} said that if you do not have physical things in your possession then do not sell them. At that time there were no digital things. Yes, in future trading the coin is not in your possession but it is necessary to have an agreement or contract for it, so it may be halal but it should not be in your possession. Like it happens in dropshipping where you ask someone's product from him and then sell it. And the product is not in your possession at all. Surah Al-Baqarah Ayat 282:

Now it comes to the point that leverage in which there is a loan, there is no reason. Quran has clearly stated in Ayat 282 that if you take a loan, then an agreement is bound to happen. There is no interest in this and if you are talking about funding fees, then I will tell you about it after some time. And reason is the money that you take and interest is being charged on it, that is haram.

Funding Fees:

funding fees is like a service charge. There is no reason in this. Like when you transfer money to a bank and the bank charges some fees for transferring something, which is not reason.#FutureTarding