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
Bitcoin, invented in 2008 by an anonymous person or group known as Satoshi Nakamoto, is a digital currency that operates independently of any central authority, like a government or bank. It's based on a technology called blockchain, which is a decentralized ledger that records all transactions across a network of computers.
Bitcoin's history is marked by milestones. In 2009, the first Bitcoin transaction took place when Satoshi Nakamoto sent 10 bitcoins to programmer Hal Finney. Over time, more people started using Bitcoin, and its value began to rise. In 2010, someone famously bought two pizzas for 10,000 bitcoins, which would be worth millions of dollars today.
Bitcoin faced challenges, like regulatory scrutiny and hacking incidents on exchanges, but it continued to gain popularity. In 2017, its price soared to nearly $20,000 before crashing. Despite this volatility, Bitcoin has become more widely accepted as a form of payment, and many investors see it as a store of value similar to gold.
Today, Bitcoin is traded on various online platforms and is accepted by some merchants as payment. Its decentralized nature and limited supply (only 21 million bitcoins will ever exist) contribute to its appeal as a hedge against inflation and a potential alternative to traditional currencies. #write2earn🌐💹 #write2earn #bitcoinhalving #Megadrop $BTC $