Cryptocurrency Q&A
Is future trading haram Waqar Zaka?
Is future trading haram Waqar Zaka?
Maria
Mon Dec 16 2024
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7 answers
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I heard that Waqar Zaka, a famous Pakistani TV host, talked about future trading. I'm wondering if he mentioned whether future trading is considered haram in Islam.
7 answers
Ilaria
Wed Dec 18 2024
This rule applies to various financial transactions, including futures trading.
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JejuSunshineSoulMateWarmth
Wed Dec 18 2024
Leveraging assets that are not in your possession is strictly prohibited.
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KDramaCharm
Tue Dec 17 2024
When engaging in future trading, if you use a leverage of 10, you are essentially borrowing nine times the amount of money you have.
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BlockchainMastermind
Tue Dec 17 2024
In futures trading, individuals often borrow money to increase their trading power.
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Michele
Tue Dec 17 2024
You are then required to pay back this borrowed money, along with interest, which violates the principle of not dealing with haraam.
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