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🕌 Muslim Perspectives on Futures Trading
Discover why futures trading is deemed impermissible in Islam:
- *Gharar*: Islamic law prohibits contracts for goods that don't exist at the time of agreement.
- *Short-selling*: Ownership of the sold object is a must in Islamic transactions.
- *Physical Delivery*: Islam mandates physical delivery before resale or settlement.
- *Riba*: Dealing in bonds is considered usury and is prohibited.
- *Uncertainty*: Contracts with excessive uncertainty are against Islamic principles.
- *Hand-to-hand Exchange*: Required for transactions to be permissible.
- *Dealing in Debt*: Prohibited in Islam.
- *Cash Settlement*: Cash settlements, rather than physical delivery, are not allowed.
Share your thoughts below! #bitcoinhalving #BinanceLaunchpool #muslim #Futures _Trading $BTC $BNB $ETH 🕊️
Discover why futures trading is deemed impermissible in Islam:
- *Gharar*: Islamic law prohibits contracts for goods that don't exist at the time of agreement.
- *Short-selling*: Ownership of the sold object is a must in Islamic transactions.
- *Physical Delivery*: Islam mandates physical delivery before resale or settlement.
- *Riba*: Dealing in bonds is considered usury and is prohibited.
- *Uncertainty*: Contracts with excessive uncertainty are against Islamic principles.
- *Hand-to-hand Exchange*: Required for transactions to be permissible.
- *Dealing in Debt*: Prohibited in Islam.
- *Cash Settlement*: Cash settlements, rather than physical delivery, are not allowed.
Share your thoughts below! #bitcoinhalving #BinanceLaunchpool #muslim #Futures _Trading $BTC $BNB $ETH 🕊️
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.
- *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.
- *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.
- *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 ⬇️
#bitcoinhalving #BinanceLaunchpool #muslim #Futures_Trading $BTC $BNB $ETH
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.
- *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.
- *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.
- *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 ⬇️
#bitcoinhalving #BinanceLaunchpool #muslim #Futures_Trading $BTC $BNB $ETH