🚨 BINANCE ADDED NEW WAYS TO EARN OPTION PREMIUMS — BUT WHAT'S THE HIDDEN OBLIGATION?
Binance has introduced Covered Call and Cash-Secured Put strategies for eligible stock-options users.
📌 Covered Call: You hold shares and sell a call option. Your shares may be sold at a predetermined price, limiting potential gains.
📌 Cash-Secured Put: You reserve USDC and may be required to buy shares at an agreed price, even if their market value drops sharply.
⚠️ Premium income is NOT guaranteed risk-free profit. Collateral does not eliminate losses.
🕌 IMPORTANT FOR MUSLIM INVESTORS:
The International Islamic Fiqh Academy (OIC) has ruled conventional options contracts traded in financial markets impermissible under its published resolutions.
This concerns the contractual structure, not a blanket judgment on any particular stock or cryptocurrency. Review the actual product terms and seek qualified Shariah guidance.
📌 SAVE THIS: A product being offered by an exchange does not establish Shariah compliance.
💬 Should exchanges explain the risks and contractual obligations before promoting premium income?
#Binance #IslamicFinance #RiskManagement #CryptoEducation
Binance has introduced Covered Call and Cash-Secured Put strategies for eligible stock-options users.
📌 Covered Call: You hold shares and sell a call option. Your shares may be sold at a predetermined price, limiting potential gains.
📌 Cash-Secured Put: You reserve USDC and may be required to buy shares at an agreed price, even if their market value drops sharply.
⚠️ Premium income is NOT guaranteed risk-free profit. Collateral does not eliminate losses.
🕌 IMPORTANT FOR MUSLIM INVESTORS:
The International Islamic Fiqh Academy (OIC) has ruled conventional options contracts traded in financial markets impermissible under its published resolutions.
This concerns the contractual structure, not a blanket judgment on any particular stock or cryptocurrency. Review the actual product terms and seek qualified Shariah guidance.
📌 SAVE THIS: A product being offered by an exchange does not establish Shariah compliance.
💬 Should exchanges explain the risks and contractual obligations before promoting premium income?
#Binance #IslamicFinance #RiskManagement #CryptoEducation