#HODLTradingStrategy
Spot Trading:
1. Permissible according to most scholars provided that immediate exchange is achieved.
2. Does not involve usurious interest or gambling practices.
3. Considered more compliant with Islamic legal standards.
4. Suspicions can be easily avoided by choosing permissible currencies and not using leverage.
🔹Futures Contracts:
1. Prohibited by the majority of scholars due to the presence of uncertainty, gambling, and short selling.
2. There is no actual ownership of the currency or the traded asset.
3. Closer to gambling than investing, due to betting on price fluctuations only.
4. Contains high legal suspicions and significant financial risk.
Spot Trading:
1. Permissible according to most scholars provided that immediate exchange is achieved.
2. Does not involve usurious interest or gambling practices.
3. Considered more compliant with Islamic legal standards.
4. Suspicions can be easily avoided by choosing permissible currencies and not using leverage.
🔹Futures Contracts:
1. Prohibited by the majority of scholars due to the presence of uncertainty, gambling, and short selling.
2. There is no actual ownership of the currency or the traded asset.
3. Closer to gambling than investing, due to betting on price fluctuations only.
4. Contains high legal suspicions and significant financial risk.