Sohaibgandapur
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What is the $PNUT price forecast for the next 24 hours?
Bullish
72%
Bearish
28%
88 votes • Voting closed
What are the best sources (website/apps) for crypto price forecast? And what to do if there is contradictory information on those sources?
For all those who do #OptionTrading , I asked chatGPT if it is legitimate or halal from an Islamic perspective and the following reply came:
From an Islamic perspective, options trading is generally considered haram (prohibited) by most scholars. Here's why:
1. Speculation (Gharar)
Options trading often involves high levels of uncertainty and speculation. Islam prohibits excessive uncertainty in transactions (gharar), and options are typically used to bet on price movements without owning the underlying asset.
2. Non-ownership of Asset
In options trading, the trader does not own the underlying asset; instead, they buy a right to buy/sell it later. Islam generally requires that you own what you sell—you cannot sell something you don’t possess.
3. Resemblance to Gambling (Maisir)
Options, especially short-term and speculative ones, resemble gambling, which is clearly haram in Islam. The profit or loss is often based purely on chance and market movements, not real economic activity.
4. Interest (Riba) Concerns
Many options are traded in margin accounts or involve interest-bearing transactions, which may include riba, another clear prohibition in Islamic finance.
---
Are there any exceptions?
Some scholars argue that hedging using options in legitimate business contexts might be acceptable under strict conditions. But this is a minority view and typically applies to institutional-level risk management, not individual speculative trading.
---
Conclusion:
Options trading is haram in most cases due to gharar, maisir, and riba. If you're looking for halal investing alternatives, consider:
Shariah-compliant stocks or ETFs
Real estate investment
Islamic mutual funds or sukuk (Islamic bonds)
From an Islamic perspective, options trading is generally considered haram (prohibited) by most scholars. Here's why:
1. Speculation (Gharar)
Options trading often involves high levels of uncertainty and speculation. Islam prohibits excessive uncertainty in transactions (gharar), and options are typically used to bet on price movements without owning the underlying asset.
2. Non-ownership of Asset
In options trading, the trader does not own the underlying asset; instead, they buy a right to buy/sell it later. Islam generally requires that you own what you sell—you cannot sell something you don’t possess.
3. Resemblance to Gambling (Maisir)
Options, especially short-term and speculative ones, resemble gambling, which is clearly haram in Islam. The profit or loss is often based purely on chance and market movements, not real economic activity.
4. Interest (Riba) Concerns
Many options are traded in margin accounts or involve interest-bearing transactions, which may include riba, another clear prohibition in Islamic finance.
---
Are there any exceptions?
Some scholars argue that hedging using options in legitimate business contexts might be acceptable under strict conditions. But this is a minority view and typically applies to institutional-level risk management, not individual speculative trading.
---
Conclusion:
Options trading is haram in most cases due to gharar, maisir, and riba. If you're looking for halal investing alternatives, consider:
Shariah-compliant stocks or ETFs
Real estate investment
Islamic mutual funds or sukuk (Islamic bonds)
Is $PNUT going back up to 0.4 again, or will it stay below 0.36? Will appreciate it if some pro trader sheds some light on this.
For all those who do futures trading, when I asked chatGPT if futures trading is halal? The following was the reply:
Futures trading is generally not considered halal in most interpretations of Islamic finance due to several key reasons:
1. Uncertainty (Gharar)
Futures contracts involve buying and selling assets at a future date for a predetermined price. This introduces uncertainty, especially when the asset doesn’t exist yet or isn't owned by the seller at the time of the contract. Islamic law prohibits excessive uncertainty in transactions.
2. Speculation (Maysir)
Futures trading often involves speculation, where the aim is to profit from price movements rather than real economic activity or ownership. This is akin to gambling (maysir), which is prohibited in Islam.
3. No Immediate Possession or Delivery
In most futures contracts, there is no immediate transfer of the underlying asset, which violates the Islamic requirement that goods in a sale contract must exist and be owned and possessed by the seller.
---
Are There Any Exceptions?
Some scholars allow Islamic alternatives to futures trading, such as:
Salam contracts: A forward sale where the buyer pays in advance for a good to be delivered later. This is allowed under strict conditions.
Istisna’ contracts: Used for manufacturing or construction where payment can be made in stages as the project progresses.
Summary:
Conventional futures trading: Generally haram due to gharar, maysir, and lack of possession.
Islamic alternatives: Salam and Istisna’, but only for real economic needs, not speculation.
#SpotTrading. is halal #FutureTarding is not.
Futures trading is generally not considered halal in most interpretations of Islamic finance due to several key reasons:
1. Uncertainty (Gharar)
Futures contracts involve buying and selling assets at a future date for a predetermined price. This introduces uncertainty, especially when the asset doesn’t exist yet or isn't owned by the seller at the time of the contract. Islamic law prohibits excessive uncertainty in transactions.
2. Speculation (Maysir)
Futures trading often involves speculation, where the aim is to profit from price movements rather than real economic activity or ownership. This is akin to gambling (maysir), which is prohibited in Islam.
3. No Immediate Possession or Delivery
In most futures contracts, there is no immediate transfer of the underlying asset, which violates the Islamic requirement that goods in a sale contract must exist and be owned and possessed by the seller.
---
Are There Any Exceptions?
Some scholars allow Islamic alternatives to futures trading, such as:
Salam contracts: A forward sale where the buyer pays in advance for a good to be delivered later. This is allowed under strict conditions.
Istisna’ contracts: Used for manufacturing or construction where payment can be made in stages as the project progresses.
Summary:
Conventional futures trading: Generally haram due to gharar, maysir, and lack of possession.
Islamic alternatives: Salam and Istisna’, but only for real economic needs, not speculation.
#SpotTrading. is halal #FutureTarding is not.
Ethereum Analysis
Ethereum (ETH) has experienced significant volatility in May 2025, marked by a notable surge from around $1,800 at the beginning of the month to trading near the $2,500-$2,600 range. This upward movement was largely catalyzed by the recent Pectra upgrade, launched on May 7th, which has improved staking, transaction capacity, and data transmission efficiency, attracting substantial new capital to the network. While the price has seen a considerable increase over the past month (up over 50%), recent days have shown some short-term selling pressure and consolidation, with ETH dropping from recent highs and facing resistance around $2,700-$2,850. Technical indicators like the Relative Strength Index (RSI) have at times indicated overbought conditions, suggesting the potential for a healthy correction or further consolidation.
Despite the short-term fluctuations, the overall market sentiment for Ethereum remains cautiously optimistic, with strong underlying fundamentals. The Pectra upgrade is expected to enhance Ethereum's competitiveness against other blockchains and improve its scalability, setting the stage for increased adoption, particularly in areas like AI. Institutional interest continues to grow, and the possibility of spot Ether ETFs gaining momentum with in-kind creation and staking approvals later in 2025 could further boost prices. While some analysts foresee a potential retest of lower support levels around $2,250-$2,350 in the short term, many believe that Ethereum's ongoing evolution, increasing utility in DeFi and NFTs, and reduced selling pressure from decreasing exchange supply could drive ETH towards the $3,000 to $4,000 range, and potentially even $5,000, by late 2025.
Despite the short-term fluctuations, the overall market sentiment for Ethereum remains cautiously optimistic, with strong underlying fundamentals. The Pectra upgrade is expected to enhance Ethereum's competitiveness against other blockchains and improve its scalability, setting the stage for increased adoption, particularly in areas like AI. Institutional interest continues to grow, and the possibility of spot Ether ETFs gaining momentum with in-kind creation and staking approvals later in 2025 could further boost prices. While some analysts foresee a potential retest of lower support levels around $2,250-$2,350 in the short term, many believe that Ethereum's ongoing evolution, increasing utility in DeFi and NFTs, and reduced selling pressure from decreasing exchange supply could drive ETH towards the $3,000 to $4,000 range, and potentially even $5,000, by late 2025.
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