Attention Muslim traders:

Be cautious, crypto traders! Binance's future trading involves borrowing with interest, which is forbidden in Islam. To keep your trading permissible, steer clear of this feature. Stick to spot trading or other interest-free options instead.

For more details, check out our blog post:

Title: Understanding Why Interest is Forbidden in Islam and Its Impact on Crypto Trading

In Islam, charging or paying interest is forbidden due to its potential for exploitation and oppression. This applies to all financial transactions, including cryptocurrency trading. Binance's future trading feature, which involves borrowing with interest, contradicts this principle of Islamic finance. Therefore, Muslim crypto traders should avoid this feature to ensure their trading practices remain permissible. Instead, they can explore spot trading or other interest-free options, aligning their financial dealings with their faith.

It's crucial for Muslim traders to uphold the values of fairness, transparency, and justice in their cryptocurrency transactions, as emphasized by Islamic finance principles.