Important warning regarding trading futures contracts from a Sharia perspective.
The majority of contemporary scholars consider trading futures contracts, which involve leverage, to be religiously forbidden (haram), due to the presence of uncertainty and ignorance, their inclusion of riba (interest) in some cases, and the fact that actual possession of the underlying asset is not realized.
I absolve myself before Allah and before you; every person is accountable for his actions and deeds and for what I say, and I am a witness to that.
Follow me to receive all that is new."
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