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"Important Information For Muslims"
Question:Is future Trading halal or haram?
Answer:Haram
When I started trading I never did futures in my life but I don't know what happened to me recently so I started future trading because one of my friend told me it was halal So I started to trade in futures.I did my analysis and took entry in several coins,I managed to earn good Profit but in this week my account got liquidated four times and I lost my money.Now People will come and say that you didn't do any analysis that's why you lost it but I did the analysis but the market was against me.So I advice everyone to stay away from it because it disturbs your mental health alot
Question:Why Future Trading is haram?
Answer: Future trading is haram because it involves interest
Surah Baqrah Verse 279:
"If believers do not give up interest, they will face war from Allah and His Messenger. However, if they repent, they may keep their principal"
PROPHET MUHAMMAD (ﷺ) said:
"There are seventy degrees of interest, the least of which is equivalent to a man having intercourse with his mother"
Many Scholars prohibited because its haram but people still try to find a good reason to prove its halal
Brothers and Sisters Please Stay Away From It Because it is for your own good
A Muslim must obey the orders of Allah and his Prophet Muhammad(P.B.U.H)
"You can do Spot Trading which is halal"
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May Allah Helps us all in finding the right Path Ameen!
