๐ค Nowadays, people are making money from crypto trading, but there is a lot of confusion about "Future Trading." Let's understand it in simple terms.
๐ What is Future Trading?
This is a type of trade where you agree to buy or sell a coin or asset at a certain price in the future โ but in reality, you are not actually buying or selling it at that time. You are just guessing whether the price will go up or down.
๐ If your guess is correct, you make a profit. If it is wrong, you incur a loss โ and sometimes you can even lose all your money. This trading is also done on leverage and interest-based borrowing, meaning on credit and interest.
๐ Islamic Point of View:
There are some essential principles for trading in Islam:
1. Gharar (uncertainty) is haram โ meaning without proper ownership and unclear contracts.
2. Riba (interest) is haram โ which occurs in leveraged future trading.
3. Qimar (gambling) is also haram โ when you trade based on speculation without becoming the owner of the asset, it is considered gambling.
โ ๏ธ Therefore, many Islamic scholars say that Future Trading, especially with leverage, is haram.
๐ However, if you engage in spot trading (meaning you immediately take ownership of what you are buying), there is generally no haram element according to most scholars โ as long as you stay away from interest and gambling.
โ Summary: โ Future Trading (leverage, speculation) โ is often considered haram by scholars.
โ Spot Trading (actual buying and selling) โ can be permissible according to Sharia if done in a halal manner.
