Is futures trading halal or haram? What exactly are futures? Futures trading generally apply to stocks, indexes, etc. For the sake of simplification, you can consider it as a contract to buy furniture from your aunt, who buys and sells antique furniture. Pay me next week. However, why are futures haram? Should I say yes, and go buy them? On the other hand, he salallahu alayhi wa sallam permitted farmers to sell their future crops before they were planted!
In the case of farmers, they are capable of providing it albeit at a somewhat uncertain quality or quantityand the money would help them now to generate crops — so they are exempted from the prohibition of futures. And from this hadith, scholars derive a rule: So the issue of house builders selling houses based on blueprints? These are allowed, because the prohibition on futures is based on the uncertainty of the provider in being able to provide the required commodity or service at the time requested.
In the case of the zoo, airline, etc. Those are very important. Best thing to do is talk to a shaykh who knows option Islamic finance. Option Bangladesh when a new company come into stock market it entered by IPO.
This process is a lottery system. But their system is lottery process. And if you win the lottery they always give you more then original mount. I trade commodities,can i purchase CRUDEOIL?
I mean is it Halal or Haram?. I want to invest around Rs. Can you please suggest me the best way to do the same. There r some reason as u cant invest in Wine company, loan and housing finance company and some more also. Futures Trading In Islam Best Futures Broker. I purchase commodity like gold,silver option etc through share market is it halaal.
They provide me commodity even if i dont have enough money. Futures Trading HALAL or HARAM? Here is the Islamic Ruling well explained with QURAN verse and Hadith Mubaraka. Assalamoalekum Warehmatullah, I believe I owe this to all my Muslim brothers and sisters and that is why I am writing on this thread. I want to reveal here that I worked for 20 months day and night as much as an individual can work 24 X 7 on U.
I was introduced by someone I knew and I trusted him enough to believe that there is profit and loss in this market, so with equal risk it is indeed Halal contrary to the popular view of the Islamic scholars.
I entered this market with a hope and urge that I would make an earning initially and later thought that I would haram big money from it. Days, weeks and months of testing and reasonably huge monetary losses took me to a position where I understand this market inside out today and can make as much money for myself and probably anyone who I bring and follows my trading but you know what-there started haram real fight within myself and I could easily feel that something was not right.
My model had reached the position where I wanted to be but my heart, brain trading if I can say soul were not in sync at all.
All sorts of thoughts started pouring in and the strong reason that I found for it was that there is a very clear manipulation in this market on a day to day, hour to hour or minute to minute basis and it has been designed in such a way that an individual trader like myself who comes in assuming it is honest is bound to end up in losses and that is the reason there is proven data that 90 percent of people lose in this market.
A question option raised within and I share with all of you that if you and me are practicing Muslims and we find that there is a street where people are robbing or trying to rob anyone on that street-will we go and join the robbers or will we go and support and save who is being robbed.
I think if we claim ourselves to trading Muslims and believe in the Day of Judgment the answer is very obvious that we will not participate in anything that is remotely wrong. As this is just a reply on a thread I am concluding it here and I haram Inshallah that this would be an eye opener for anyone who is thinking of entering futures market or has entered it or has made a successful model.
Please remember that it is only our Aamaal that will go with us, everything else that we created here-we will leave so only create what is option for the mankind and not anything that brings more harm and evil. May Allahtala allow us to implement more than we say and May we be protected from the evils of Shaitan-Aameen.
If anyone of you has any more questions Inshallah I will answer them very honestly-you can email me at ottawakitchen gmail. I found your explanation very clear on futures trading as you gave examples from the hadith of our beloved Prophet Muhammad Peace be unto him. Can you please clarify if spread betting is similar Haram know the word betting would imply harambut haram you please see another website I came across and comment on their explanation I am not trying to criticse this site, but am trying to understand.
Assalaamu Alaikum, I found your explanation very clear on futures trading as you gave examples from the hadith of our beloved Prophet Muhammad Peace be unto him. I think the decision that our prophet salallahu alayhi wa sallam made was based on situation that happened during that time, these days we are integrated with technology and electronic translationsand there are rules govern on our transactions.
The Situation in electronic translation and other market are tradingin electronic systemthere are always rulesand everything is controlled and monitored. I will give you a very simple example of trading as our Prophet Muhammad S.
In essence there should be no treachery involved. A thief masters his craft, but that does not mean that business becomes lawful. See this video, answer given by Dr. Zakir Naik on futures market: All transactions are monitored and controlled. Your email address will not be published.
You may use these HTML tags and trading Notify me of followup comments via e-mail. Ilm Fruits The Sweetness of Faith Lies in the Fruits of Knowledge Menu Skip to content Home AlMaghrib Books Light of Eman Thanks! Email Notification Podcast Contribute. So is it halal? How does it measure up, Islamically? You owe some money, and the seller owes some commodity. So how can we make a futures contract halal? How can we tackle these issues?
Buy and sell what exists. Make sure that, whatever the commodity is, be it stocks, or currency, it already exists in the world.
Make it a promise, not a transaction. If you bought a futures contract and paid money, that contract entitles you to some commodity. Can you resell that commodity? Consult your local knowledgeable imam. They can tell you what to do. You can initiate futures contracts, provided the commodity exists and the seller possesses it. Give or pay a down payment, to avoid a debt-for-debt transaction.
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