Muslim Views about future trading.....

Future trading is prohibited in Islam for the following reasons ¹ ² ³:

- Gharar: Futures contracts allow individuals to buy goods that do not exist when signing a contract. It is against Islamic law, which specifies that goods must exist at the time of the actual agreement.

- Short-selling: Futures contracts allow traders to sell goods they do not own. Islamic law demands that a seller must have ownership of the object at the time of the contract.

- No physical delivery: Futures contracts allow buyers to resell goods or set contract obligations before actual delivery. Islamic law requires physical delivery of the object before resale or settlement.

- Riba: Some futures contracts involve dealing in bonds, which is considered riba (usury) and is prohibited in Islam.$ETH

- Uncertainty: Futures contracts often involve uncertainty, as the object of the contract may not exist or may not be delivered. Islamic law prohibits contracts with excessive uncertainty.$BNB

- No hand-to-hand exchange: Some futures contracts do not involve a hand-to-hand exchange, which is required in Islamic law for a transaction to be permissible.$BTC

- Dealing in debt: Futures contracts often involve dealing in debt, which is not allowed in Islam.

- Cash settlement: Many futures contracts are cash-settled, which means that the contract is settled in cash rather than by delivering the underlying asset. This is not permissible in Islam.

Comment yours point of view kindly ⬇️

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