Muslim Perspectives about future exchanging..
Future exchanging is denied in Islam for the accompanying reasons ¹ ² ³:
- *Gharar*: Prospects contracts permit people to purchase merchandise that don't exist while marking an agreement. It is against Islamic regulation, which indicates that merchandise should exist at the hour of the genuine understanding.
- *Short-selling*: Fates contracts permit merchants to sell products they don't claim. Islamic regulation requests that a vender should have responsibility for object at the hour of the agreement.
- *No physical delivery*: Fates contracts permit purchasers to exchange products or set agreement commitments before real conveyance. Islamic regulation requires actual conveyance of the article before resale or settlement.
- *Riba*: A few prospects contracts include managing in bonds, which is considered riba (usury) and is denied in Islam.
- *Uncertainty*: Fates contracts frequently include vulnerability, as the object of the agreement may not exist or may not be conveyed. Islamic regulation restricts contracts with extreme vulnerability.
- *No hand-to-hand exchange*: A few fates contracts don't include a hand-to-hand trade, which is expected in Islamic regulation for an exchange to be reasonable.
- *Managing in debt*: Fates contracts frequently include managing in the red, which isn't permitted in Islam.
- *Cash settlement*: Numerous fates contracts are cash-settled, and that implies that the agreement is gotten comfortable money as opposed to by conveying the hidden resource. This isn't allowable in Islam.
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