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Anasta Maverick
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Why are Leveraged and Futures Trading Considered Haram in Islam? How Can Binance Address This? There are approximately 1.9 billion Muslims worldwide, many of whom are interested in trading. However, certain trading modes are considered Haram (forbidden) under Islamic law. While some platforms claim their services comply with Sharia law, this is often not the case. As a Muslim, I have personally researched and consulted with Islamic authorities to provide a clear explanation for both traders and Binance. Forex, margin, and futures trading are deemed Haram in Islam for two main reasons. If Binance addresses these concerns, they could potentially open their services to the vast Muslim community. 1. Leverage: Leverage is considered Haram because it involves borrowing money, with the platform profiting from lending to traders. However, profit-sharing models are permissible. To comply with Sharia, Binance could charge fees only on successful trades, while no fees are applied to unsuccessful trades. The platform could set higher fees on successful trades to cover the overall costs, creating a win-win solution. 2. Margin and Futures Trading: These are considered Haram because, in Islam, it is forbidden to sell something you do not own. To address this, Binance could transfer the leveraged amount directly into the trader’s account for the purpose of opening a trade, with the amount being returned after the position is closed. This process could be locked in a way that ensures the funds are used solely for trading. While spot trading is considered Halal, it is often less profitable than futures trading. By finding solutions to these issues, Binance could offer Islamic-compliant trading options and cater to a massive, untapped market of 1.9 billion people. Feel free to share your thoughts on how we can make trading more inclusive! #BinanceLaunchpoolSCR #BTC60KResistance #SCRLaunchpoolStarts! #moonbix #UniswapUnichain
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Curious about the best Telegram bot of 2024? Let me tell you it’s Cat Gold Miner, earning top recognition for the year! If you haven’t tried it yet, now’s the time to check it out and see why it’s making waves. #BTC60KResistance #SCRLaunchpoolStarts! #moonbix #BinanceLaunchpoolSCR
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Is Trading Really Gambling? Think Again! 🎯 If trading were 90% gambling, why would so many people invest their time and money in it? Trading is far from gambling it’s not even 1%! What you need is education, not luck. Would you risk money on something with less than a 50% chance of success? If so, you might as well head to a casino! Casinos make millions by keeping the odds in their favor. The same principle applies to trading you need to keep the probability on your side. How? By gaining an edge through education. Education is your advantage in the market. It gives you the tools and knowledge to tilt the odds in your favor, providing more than a 50% chance of success. Something as simple as following a 1:2 risk vs reward strategy can dramatically improve your chances. With this approach, you only need to win 33% of the time to break even! Stay educated, maintain your edge, and remember you’re just one trade away from success! 📈 #moonbix #SCRLaunchpoolStarts! #USRateCutExpected #USCoreCPIUp #BTC60KResistance
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$SCR: What's your prediction for the first day pump or dump? 🤔 In my view, if Ethereum performs well, $SCR is likely to follow suit. I expect it to behave similarly to $EIGEN, with some sudden pumps and dumps, but I’m confident $SCR will pump on its first day after listing. So, I’m leaning towards going long on this one.What’s your strategy? Drop your thoughts in the comments below! #moonbix #SCRLaunchpoolStarts! #BTC60KResistance #USRateCutExpected
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🚨𝗕𝗧𝗖/𝗨𝗦𝗗𝗧 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗦𝗶𝗴𝗻𝗮𝗹𝘀🚨 Time Frame: 5 minutes Current Price: $62,993 Resistance: $63,200 Support: $62,655 Long Trade: Entry: Enter above $63,200 Targets: TP1: $63,250 TP2: $63,300 Stop Loss: $62,900 According to my analysis $BTC hits to the exact target point which I said 🎯 #moonbix #10MTradersLeague #USPPIAboveExpectations #fwDETHWhaleUnderAttack #FanTokensRising
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