⚠️ Why do I avoid futures?
Futures traded on platforms are often based on speculating on price without actually owning the currency. They may also involve leverage and funding fees, in addition to excessive uncertainty and severe risk.
The Islamic Fiqh Academy ruled that futures contracts, in the form traded in financial markets, are impermissible.
The Prophet ﷺ said: “Do not sell what you do not have” — narrated by al-Tirmidhi, Abu Dawud, and al-Nasa’i.
That is why I avoid futures and trade spot only. But spot trading does not become halal just because of its name; you must actually own and take possession of the asset, avoid leverage and interest, and make sure the currency itself is permissible.
$BTC
Your faith and capital matter more than any quick profit. If you are unsure, ask a trusted scholar; I am sharing what I feel confident about, and I am not a mufti.
#تداول_فوري #العملات_الرقمية #العقود_الأجلة #Binance
$MINA
Futures traded on platforms are often based on speculating on price without actually owning the currency. They may also involve leverage and funding fees, in addition to excessive uncertainty and severe risk.
The Islamic Fiqh Academy ruled that futures contracts, in the form traded in financial markets, are impermissible.
The Prophet ﷺ said: “Do not sell what you do not have” — narrated by al-Tirmidhi, Abu Dawud, and al-Nasa’i.
That is why I avoid futures and trade spot only. But spot trading does not become halal just because of its name; you must actually own and take possession of the asset, avoid leverage and interest, and make sure the currency itself is permissible.
$BTC
Your faith and capital matter more than any quick profit. If you are unsure, ask a trusted scholar; I am sharing what I feel confident about, and I am not a mufti.
#تداول_فوري #العملات_الرقمية #العقود_الأجلة #Binance
$MINA