Full transparency — fair market data with no spread widening. I hope this is of some use to the one who asks. If the trader has little knowledge of what and how to trade, then to trade binaries would be a form of gambling, and not halal. Hukumnya haram , karena mengandung unsur maisir spekulasi. However, this is in effect a loan. Is Halal meat inhumane?
Many brokers in sensing an opportunity that will benefit them as well as their Muslim traders came up with the idea of “Halal”, or Islamic, trading accounts. Halal Binary Options Brokers These brokers are marketing specific account types they operate as Halal and .
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Islamic Trading Accounts
If by "halal" you mean the Islamic concept of anti-usury, that is "share equitably in risk and return," then my lay understanding that options are in the same category as all insurance. Consider this - with debt, the borrower is obliged to pay regardless of what fate otherwise befalls him. In binary trading it is gain or no change ie zero gain; nothing is being lost therefore not gambling in Islam therefore halal. Non Muslims such as HMRC, for tax purposes, classify it as gambling based on behaviour not the exact detail. Binary options and forex trading are not Shariah Compliant I am interested in the Forex SPOT trading business and would like to know if it is halal. The trading that I will be doing will be as follows: Let’s say, I invest $1,, the broker invests or lends $99, and together we .