Walaikum Assalam Wa Rahmatullahi Wa Barakatuh Brother, Anytime I'm in doubt I just refer to your videos...Trust me it's a great help for Muslims who want to earn in halal way and according to Shariah Law. May Allah SWT reward you in both the worlds. Thanks Alot, Jazak-Allah Khair. 🤗
Thank you so much for this useful video, I was a bit confused if Future trades in Crypto was Haram or Halal, And you cleared the picture for me specially with the Aya from the Quran. Hamdullah, No Money💸 on this earth is Worth Loosing ALLAH.
i have a question like if its a financial bet.. but in binance if we open the future contracts..we some sort of owning the underline assets...like TP / SL we sell the underline asset..at specific price.
I'm Working as a smart contract auditor involves reviewing and analyzing the code of smart contracts to ensure they are secure, functional, and free from vulnerabilities. Given your expertise, I am interested to know your opinion on whether working as a smart contract auditor aligns with Islamic principles. Specifically, I am concerned about adhering to principles such as fairness in transactions, avoidance of riba (interest), and maintaining ethical business practices.
A small misunderstading when the future contract is setteled , do the broker/exchange actually buy the asset sell it and take the difference or this is also pretended? if this is also pretended than which factor is deriving the price of future market?
@@MaaxTeen everyone who put money in crypto futures agreed to the risk of losing it. It’s like saying: 10 people use their money to open food store in the same neighborhood, knowing that not everyone will be able to maintain their shop. 7 closes and 3 stay open. Those seven lost their investment, so the 3 win the money of the customers lost by the 7. If you are one of the 3, you are winning from the loss of the 7. In fact you will even try to end the other 2 so that all the neighborhood customers come to you. I don’t see the difference in futures: everyone try to get the money coming to them using their initial investment. Some lose, some win. What’s the difference ?
@@MrFACTS-mk1ib The gambling part depend on your strategy. Say you have a strategy where you have 100% chance of winning, is it still gambling. Clearly no. Then, say you have a strategy where you 100% gain more than what you lose, is it still gambling ? Imo, no. I will tell you the difference i see with a casino: in a casino there is strictly no strategy that can make you win 100% of the time more than what you lose. If you go to those machine to get a 777 it’s totally random. And we know that the casino even have a slight edge so that they win more. Do you think the ceo/owner of a casino gamble? Of course not. His casino is 100% sure to win more than what it loses. Or they would be no casino. So the ceo doesn’t gamble when he opens a casino, yet he loses 30% of the time (for example).
Assalammu’alaikum brother. Can you please check Liquity protocol? The provide zero interest for borrowing, just only borrow fee 0,5%. It is halal or not?
Assalamualaikum, I want to know if we trade crypto on SPOT but we use small time frame. Buy at low and sell at high after a few minutes or hours it gaining with some technical analysis and fundamental analysis methods we used. It can or not? Please, I want to know about it.
It's Halal. Because you're buying something, and you have a possession of that. It's up to you whether you sell it after a minute, or after a day, rather than futures, in which you just sign a contract for cash settlement.
no its not . In spot market you buy real asset. in form of coin like btc, eth . but in future mostly you have no asset . just contract for cash settlement. and they have attributes mentioned in video
Plz update the PiF halal crypto list 🙏 In some another Islamic sites in halal cryptocurrency list There is many crypto that's halal like BNb but PiF list doesn't update yet, why 😐
Assalamu alaykum my bro, I really love the work you are doing to help us better our financial breadth. I have a question that I would love to see answered in a video regarding the shariah compliancy and permissability of investing in Leveraged ETFs. An example of a leveraged ETF would $TQQQ. Could you address this? jazakAllah Khayr!
Hello! I wanna ask, which trading platform do you use to trade/invest? Also, if on the trading platform, I put the leverage as 1:1, that is, I'm bearing the cost of the entire thing, would that be okay to trade? Because there would be no interest bein charged.
if you are putting leverage on 1. and you are not shorting(which also comes as haram) and you are only longing then why you dont buy some coin in Spot Wallet (i use binance exchange ) . why are you still bearing contract instead of a Coin. the way generally contracts work comes under maysir(speculation). its better to stay away from them. this is my opinion JazakAllah
If you wanted to trade 1:1 you would need to know how the platform would deal with that trade, it would be riba free as u said because ur holding the 1:1 value of the asset, Oh wait watch and research what he said at 5:15 about almayer
@@alifaizan7394 as you I trade in the spot market. However, the fees 0,1% (Binance) is too much! How do deal with this to earn good profits? Thank you in advance.
@@engenglish610 binance has lowest fees if compared to other solutions. And if you have as low as 10-20 dollar BNB token in your wallet than fees are reduced to 0.075%.
I still dont get it. I think of future as spot. The only difference i find is the leverage. And no one is forcing me to sell it except for the liquidation price which I can control by investing more money when it gets closer to that price point. So there is no gambling for a person who has more money. The only thing that remain to cover is interests. And i came here to clear that.
@@inshafmazahir9719 As I said, That I am not sure about INTERESTS but sure that its not gambling. However some people dont call it interest but Commission. Cause when they are transferring that money(debt) from them. It takes computational power (mining).
A.O.A Brother Explain please See if i buy 5000$ worth of shiba inu and i get 500 Million token as per the current shiba inu price and then after 1 year shiba hits 1$ and sell my all shiba inu tokens at 1$ and now my 5000$ is 500 Million dollars so is this profit halal or haram
Assalamualaikum , Sir can you tell me any halal alternative of futures and options or any halal trading in any market which have high risk and make up to 5%-10% per day , Plz reply sir🙏🙏.
there are some Leverage trading applications with no interest. they only charge 1 or 2 percent commissions only when u make profit. and no interest charge in case of loss it it halal or haram?
10x has to do nothing with spot.. Its for future. 10x in futur would mean they can give you 10x leverage. In spot you don't have any leverage. WALLAHU ALAM.
@@alifaizan7394 what about day trading with a robot on spot market,if price dips the robot buys if price goes up the robot sells.Sometimes even if price dips further the robot still buys ,that is dollar cost average.Please tell me is this halal
@@jibrilousama3059 in spot market you buy the actual asset. So fundamentals of spot matket is halal. weather if it is the bot or its you who place the trade.
Al Hamdulillah Islam is simple, fair, just and prosperous for all. Forget about all these scam investments that can destroy societies in the long run. Halal investments nowadays are so limited because of how much haram has become prevalent in the business world. Invest your savings by helping a close relative or Muslim brother or neighbor or wherever you may find is better for you than all of this. The first one is highly risky in terms of it being haram, losing money, not getting a return on your investment. The other one is 100% guaranteed success (if you give fully for the sake of Allah). Allah will increase your ranks, deflect any calamities that were bound to befall upon you, can open new doors to greater opportunities you never imagined, and most importantly, can be the turning point to save you from the Hellfire and increase your ranks in Jannah. Win-win-win. 0 losses. You decide.
Aslamucalaykum: I would like to ask you questions it’s haram or halal I’m taking some platform courses from online RUclips ads specialist on certificate or advertising google ads I’ve already knew these platforms aren’t permissible slamic rules principles forex and drop shipping
Hello brother, if you make a trade with cryptocurrency future long position , and if there is no interest rate on that, is it haram? for example it says interest rate is 0 Percent, . and you have levarage 5x , you have 100 dollar , but your position is 500 dollar, then you bought a crypto currency with 500 dollar position. you have seen you are in positive position , then you decided to sell 500 dollar position , you gain for example aprox. 50 dollar. is that money haram 50 dollar with long crypto currency future position? there is no interest rate on that. is long future position crypto perpetual. it writes interest rate is 0 percent. btw.
I'm not certain but I heard in one of his video that leverage in generall is the problem.Aren't you borrowing money you don't have to cause this leverage effect in the first place?....but excuse me I'm not sure about it.
@@Leenia18 so who is borrowing money that he/she has in the real life ? Even in real life when you borrow it means that you dont have what you have borrowed. The same to future when you leverage you borrow what you dont have. What do you say about it ?
Flexible is haram as it's same as Bank paying you interest for keeping money in their Bank. While Locked is not as it gone to Blockchain to process Transactions and the payment you earn is a reward of completing transaction
shorting and longing are contracts as mentioned in video. it is cash settlement of difference. you are not buying crypto but are just obliged to fulfill the contract for difference.(you are just exchanging cash) Thats why it comes under maysir. he explained the future trading fundamental and wherever there is future it is mysir.
What about the coin m trading in crypto? like on binance , they give us the option of longing or shorting with the coins that we already have , and not the cash , so is that halal or haram?? Please do reply. Thank you
Short is haram, future is haram, option is haram.. Muslim doesn’t have any way to make money in a bear market?? But fill the pockets of the short seller by selling my asset is fine? Any thoughts?
"selling debt is haram" well let's say i borrow some money from my friend to buy some food for my family. I'd exchange that money with food and I'll give that fixed amount back to my friend, so it's haram ?
@@practicalislamicfinance i just borrow some money for investing and giving fixed amount that i borrowed back. that's all. i also sold the debt. can you tell me what things i can do with my debt ? cuz the only reason i borrow money from someone/lender is to sell it ( exchange it ) and exchange is sell.
@@practicalislamicfinance thx I get it now but I'm still not sure what to do I want to cash in so it's very confusing and I'm in a good place with my investment I paid the coins with cash so why can I not sell my coins for cash this is so confusing
if it is contract based cash settlement than it is haram. if it is spot trading than it is ok. because bot will only automate the trading . if fundamentals are right than it doesnot matter if bot does it or you.
@@zawarkhan8695 As explained in video, they are not sharia complaint reasons are explained in detail . 1- leverage is borrowing money and making trade on that. which itself is not allowed in islam. 2nd you will pay interest in some form. which is haram. 2- most probably it is a cash settlement between parties means you dont own any asset.this comes in category of maysir(speculation, Joa in urdu) in general stay away from any kind of futures.i consider them haram under these conditions. jazakAllah and feel free to correct me if i am wrong
Thank you a lot for the explanation … i used futures only to set limit for not losing too much… i didn’t use leverage or any loan … and when i bought some amount of crypto, i still have the full control to sell at whatever price i choose and i can redeem it’s money at any time i want … so i use it the same way as spot, but only to set a limit so i don’t keep watch for hours .. so I’m not obligated to sell at a contracted price … what is this considered .. if someone is knowledgeable please help
Anything is Halal as far as the product/utility is Halal and that you're in the possession of the product (stock or crypto) when you're selling it. Simple as it.
@@talha1996 now lets talk about cash settlement. 1. I borrow 1 KG gold and my agreement is to return 1 KG gold when I borrow it was trading @ 1000 but at the time of return it was trading at 1500. If this cash settlement is halal how come future contract is haram. 2. In so called islamic banking if you want loan for business they say what you want to buy I say gold 1kg they say ok it is trading @ 1000 we will buy and we will sale it to you for 1500 but you can pay in parts. If this is halal how come future contract is haram as I am trading for future and I am charging extra money over the market price... 3. He says interest kicks in but there is no transaction entry of interest in binance future contracts they charge commission if Musharakah and Mudaraba is Halal how come future contract is haram... I am expecting a detail reply from channel owner on this....
![How To Trade Futures For Beginners | The Basics of Futures Trading [Class 1]](http://i.ytimg.com/vi/TC8b9bL0900/mqdefault.jpg)
Walaikum Assalam Wa Rahmatullahi Wa Barakatuh Brother,
Anytime I'm in doubt I just refer to your videos...Trust me it's a great help for Muslims who want to earn in halal way and according to Shariah Law.
May Allah SWT reward you in both the worlds.
Thanks Alot,
Jazak-Allah Khair. 🤗
Assalamu alaikum, Alhamdulillah, I have involved into this haram till watch your video. Now I am clear. Jazakallahu Hairan.
No matter how much I search a topic on youtube. PIF explanation is always the best. May Allah grant you with the best jaza.
Much appreciated brother
Thank you so much for this useful video, I was a bit confused if Future trades in Crypto was Haram or Halal, And you cleared the picture for me specially with the Aya from the Quran. Hamdullah, No Money💸 on this earth is Worth Loosing ALLAH.
Future trade Haram or halal ?
Halam Or haram?
Jazakallah ul Khair brother for your service to ummah!!
Jazak Allah kol Khair brother
Thanks brother for the clarification, Can you make video for perpetual contracts ? jazak allah khir
understandable, jazakallah khair.
Barakallahu fikum for another explanation of a modern day pitfall in crypto!
You are such a blessing for us brother, May Allah bless you eternally 🤲🏻
So nice of you, thank you brother
Jazak Allah Brother, very informative video.
Helal or Haram i dont understand
Thank you for the content. Very clear
You are talking about Interest. But there Is Only funding fee
u are the best Bro , Salam from Morroco
i have a question like if its a financial bet..
but in binance if we open the future contracts..we some sort of owning the underline assets...like TP / SL we sell the underline asset..at specific price.
Sir is trading in currecy like gold aud gpb nz i mean forex trading is it halal
jazakallah khair
I'm Working as a smart contract auditor involves reviewing and analyzing the code of smart contracts to ensure they are secure, functional, and free from vulnerabilities. Given your expertise, I am interested to know your opinion on whether working as a smart contract auditor aligns with Islamic principles. Specifically, I am concerned about adhering to principles such as fairness in transactions, avoidance of riba (interest), and maintaining ethical business practices.
A small misunderstading
when the future contract is setteled , do the broker/exchange actually buy the asset sell it and take the difference or this is also pretended?
if this is also pretended than which factor is deriving the price of future market?
Thank you for this amazing explanation :)
Always the best knowledgeable and simple explanations. May Allah reward you.
Gambling is if we have a 50%:50% or oesser chance of winning, but what if we have a 85% of chance to win? How can it be gambling?
No. Who said its 50/50 chance. Even its 90/10 chance. its still gambling.
You win someone's loss so that
@@MaaxTeen everyone who put money in crypto futures agreed to the risk of losing it. It’s like saying: 10 people use their money to open food store in the same neighborhood, knowing that not everyone will be able to maintain their shop. 7 closes and 3 stay open. Those seven lost their investment, so the 3 win the money of the customers lost by the 7. If you are one of the 3, you are winning from the loss of the 7. In fact you will even try to end the other 2 so that all the neighborhood customers come to you.
I don’t see the difference in futures: everyone try to get the money coming to them using their initial investment. Some lose, some win. What’s the difference ?
@@MrFACTS-mk1ib The gambling part depend on your strategy. Say you have a strategy where you have 100% chance of winning, is it still gambling. Clearly no. Then, say you have a strategy where you 100% gain more than what you lose, is it still gambling ? Imo, no. I will tell you the difference i see with a casino: in a casino there is strictly no strategy that can make you win 100% of the time more than what you lose. If you go to those machine to get a 777 it’s totally random. And we know that the casino even have a slight edge so that they win more. Do you think the ceo/owner of a casino gamble? Of course not. His casino is 100% sure to win more than what it loses. Or they would be no casino. So the ceo doesn’t gamble when he opens a casino, yet he loses 30% of the time (for example).
Jazakallahu khair
Aoa. If we get the physical delievery in the futures contracts will it still come under gambling
How about funded futures trading sir? Can you elaborate on that?
This is very insightful. Jazakumullahu khaira
Assalammu’alaikum brother. Can you please check Liquity protocol? The provide zero interest for borrowing, just only borrow fee 0,5%. It is halal or not?
Assalamualaikum, I want to know if we trade crypto on SPOT but we use small time frame. Buy at low and sell at high after a few minutes or hours it gaining with some technical analysis and fundamental analysis methods we used. It can or not? Please, I want to know about it.
It's Halal. Because you're buying something, and you have a possession of that. It's up to you whether you sell it after a minute, or after a day, rather than futures, in which you just sign a contract for cash settlement.
@@shortido5413 Thank you for it.🤗
@@shortido5413 do you trade the spot market? How do you deal with the expensive fees 0,1% (Binance) in order to get good profits?
@@engenglish610 just pay your fee in BNB. It's very cheap.
@@shortido5413 not really, just -25% of discount but a volatile bnb
So futurs trading in binance has interest (riba)?
Is spot trading same as x1 futures?
no its not . In spot market you buy real asset. in form of coin like btc, eth . but in future mostly you have no asset . just contract for cash settlement. and they have attributes mentioned in video
@@alifaizan7394 so is contract is Haram
@@alifaizan7394 reply please
@@cryptoera3635 fundamental of future contract is not sharia complaint.
so in short they are haram.
@@alifaizan7394 if you go on coin M instead of USDT M you can buy real coin so that’s prohibited too??
Plz update the PiF halal crypto list 🙏
In some another Islamic sites in halal cryptocurrency list There is many crypto that's halal like BNb but PiF list doesn't update yet, why 😐
Assalamu alaykum my bro, I really love the work you are doing to help us better our financial breadth. I have a question that I would love to see answered in a video regarding the shariah compliancy and permissability of investing in Leveraged ETFs. An example of a leveraged ETF would $TQQQ. Could you address this? jazakAllah Khayr!
Same question here
Selamunaleykum, thank you!
Aslamualekum
Sir, if I trade in spot in crypto
Is that halal or haram ?
Spot is halal my brother
BEAUTIFULLY EXPLAINED
Haram or helal
@@TheCaptan7 haram
@@adnan3441 Crypto is haram/helal
@@TheCaptan7 future trading is haram.
Salam brother can you tell me do you know Halal investment app iam practising on a account pls Ahki?
Bro plz answer this what if we trade on coin/coin pair means we don't trade on currency pair like usdt or busd is it haram too?
haram
@@tradermy5670 why haram? Can u explain
@@nadiaabdulhamid6590 it's cllearly said in binance that their futures contract is cash settlement no delivery of the asset
What about QNT or Quant, is it halal or haram?
Hello! I wanna ask, which trading platform do you use to trade/invest? Also, if on the trading platform, I put the leverage as 1:1, that is, I'm bearing the cost of the entire thing, would that be okay to trade? Because there would be no interest bein charged.
I have the same question that If I am putting a leverage of 5X in a trade... is it halal or not? Couldn't get any reply from anyone....
if you are putting leverage on 1. and you are not shorting(which also comes as haram) and you are only longing then why you dont buy some coin in Spot Wallet (i use binance exchange ) . why are you still bearing contract instead of a Coin. the way generally contracts work comes under maysir(speculation).
its better to stay away from them.
this is my opinion
JazakAllah
If you wanted to trade 1:1 you would need to know how the platform would deal with that trade, it would be riba free as u said because ur holding the 1:1 value of the asset,
Oh wait watch and research what he said at 5:15 about almayer
@@alifaizan7394 as you I trade in the spot market. However, the fees 0,1% (Binance) is too much! How do deal with this to earn good profits?
Thank you in advance.
@@engenglish610 binance has lowest fees if compared to other solutions.
And if you have as low as 10-20 dollar BNB token in your wallet than fees are reduced to 0.075%.
Salam
MEXC doesn’t charge interest, is it still haram perp future?
same question. I trade on mexc so is that halal when no interest is involved?
Thank you so much
Assalamualaikum brother thank you very much for making this video in detail great job brother. 👍👍
May ALLAH reward you with heaven. 🌹
Bro, please am on the brink to know if CME futures trading (Such E-mini S&P or Russel )is Haram or Halal, please help me!!!
I still dont get it. I think of future as spot. The only difference i find is the leverage. And no one is forcing me to sell it except for the liquidation price which I can control by investing more money when it gets closer to that price point. So there is no gambling for a person who has more money. The only thing that remain to cover is interests. And i came here to clear that.
So is futures halal?
@@mohammedy6100 haram
Binance charges 0.02 % interest. So according to my view it’s haram .
@@inshafmazahir9719 As I said, That I am not sure about INTERESTS but sure that its not gambling. However some people dont call it interest but Commission. Cause when they are transferring that money(debt) from them. It takes computational power (mining).
@@inshafmazahir9719 it's very cheap same like you pay tax bro because you are using exchange as middle man
What about crypto lending with platforms like Celsius Blockfi Nexo ?
Lol those jews screwed over millions and bankrupted. So haram.
i don’t understand now, brother explain to me pls, futures sell is haram because of riba but long/buy isn’t?? make it clear to me jazakumollah
A.O.A Brother
Explain please
See if i buy 5000$ worth of shiba inu and i get 500 Million token as per the current shiba inu price and then after 1 year shiba hits 1$ and sell my all shiba inu tokens at 1$ and now my 5000$ is 500 Million dollars so is this profit halal or haram
Brother what about grid trading in binance?? Is it halal or haram?
Aslm. Please sir, is trading ETP haram , Huobi exchange support ETP not ETFs
Assalamualaikum ,
Sir can you tell me any halal alternative of futures and options or any halal trading in any market which have high risk and make up to 5%-10% per day ,
Plz reply sir🙏🙏.
5%-10% per day is not realistic
I am still confuse i dont know what to say
Good stuff
what about perpetual future contract on binance¿
haram cause no delivery of an asset
Could you please make a video on Crypto Future trading (leveraging)
I have a video on leverage trading check it out
Can you please talk about Binance Futures specifically?
why would they be different?
there are some Leverage trading applications with no interest.
they only charge 1 or 2 percent commissions only when u make profit.
and no interest charge in case of loss
it it halal or haram?
Which apps nAme please
App name
Bro I research
It doesn't matters
ITS STILL HARAM.
Because you are not having control over leverage or loan
that provided by the apps
@@Awesomecomedy4742 what do you mean « not having control »? It’s you who chose to short or long, so you control the use of the money given to you?
what about leverage trading on bybit
Same goes for this also..
What about the trading pairs like bnb/usdt in which there is 0 interest ?
I couldn’t catch you well please tell me binance future is haram or halal?
Salam, how about trading 1x in futures? Is that shariah compliant or haram?
Walaykum Salam brother but Leverage has nothing to do with the reasons I cited
@@practicalislamicfinance so it would be okay to buy a contract? I don’t understand what u meant with that reply lol
@@ramezalabed361 the reasons mentioned in the video mainly state to stay away from Futures
please make a list for halal liquidity mining
bro you are great but sound is not good so please make sure you make video with a good mic .
is spot trading on binance halal? because there is 10x btc/usdt
10x has to do nothing with spot.. Its for future. 10x in futur would mean they can give you 10x leverage. In spot you don't have any leverage. WALLAHU ALAM.
Kindly make a video on bnb vault also
Aoa thank u brother
Is 1x leverage haram? Basically you only use your own money
What about buy and selling on spot ? Is it haram too
no its not!. why would it be?
in spot we hold the actual asset. and we can sell asset whenever we want.
@@alifaizan7394 what about day trading with a robot on spot market,if price dips the robot buys if price goes up the robot sells.Sometimes even if price dips further the robot still buys ,that is dollar cost average.Please tell me is this halal
@@jibrilousama3059 in spot market you buy the actual asset. So fundamentals of spot matket is halal. weather if it is the bot or its you who place the trade.
@@jibrilousama3059 haram
my english is not too good...can u simplyfy it ??it’s Halal or Haram...??Thankyou sir...Really appriceate it
future is haram.
Spot buying is halal (where you buy/sell crypto. there you own the actual asset) and trade with btc and cash
@@alifaizan7394 Crypto staking haram or halal?
@@athifzain4547 its Halal.. this channel has a dedicated video on it. check it out if you want to know in detail
We do not deal with living people here, why is it haram
You only deal with dead people?
Al Hamdulillah Islam is simple, fair, just and prosperous for all. Forget about all these scam investments that can destroy societies in the long run. Halal investments nowadays are so limited because of how much haram has become prevalent in the business world. Invest your savings by helping a close relative or Muslim brother or neighbor or wherever you may find is better for you than all of this. The first one is highly risky in terms of it being haram, losing money, not getting a return on your investment. The other one is 100% guaranteed success (if you give fully for the sake of Allah). Allah will increase your ranks, deflect any calamities that were bound to befall upon you, can open new doors to greater opportunities you never imagined, and most importantly, can be the turning point to save you from the Hellfire and increase your ranks in Jannah. Win-win-win. 0 losses. You decide.
Aslamucalaykum: I would like to ask you questions it’s haram or halal I’m taking some platform courses from online RUclips ads specialist on certificate or advertising google ads I’ve already knew these platforms aren’t permissible slamic rules principles forex and drop shipping
Is derivatives trading in crypto halal or haram please tell me.
Derivatives are haram in islam
Hello brother, if you make a trade with cryptocurrency future long position , and if there is no interest rate on that, is it haram? for example it says interest rate is 0 Percent, . and you have levarage 5x , you have 100 dollar , but your position is 500 dollar, then you bought a crypto currency with 500 dollar position. you have seen you are in positive position , then you decided to sell 500 dollar position , you gain for example aprox. 50 dollar. is that money haram 50 dollar with long crypto currency future position? there is no interest rate on that. is long future position crypto perpetual. it writes interest rate is 0 percent. btw.
I'm not certain but I heard in one of his video that leverage in generall is the problem.Aren't you borrowing money you don't have to cause this leverage effect in the first place?....but excuse me I'm not sure about it.
I would like to know answer on this question
@@Leenia18
One can borrow money to start a business and when you make your profit you refund it. And that's with no interest tho.
@@Leenia18 so who is borrowing money that he/she has in the real life ?
Even in real life when you borrow it means that you dont have what you have borrowed.
The same to future when you leverage you borrow what you dont have.
What do you say about it ?
If I short 1x leverage, also haram?
This is called spot trading
Is binance Flexible and locked savings halal?
Flexible is haram as it's same as Bank paying you interest for keeping money in their Bank.
While Locked is not as it gone to Blockchain to process Transactions and the payment you earn is a reward of completing transaction
Didn't got the 2nd point.
Can we do short/sell trade in futures?
Futures in general are just forbidden
shorting and longing are contracts as mentioned in video. it is cash settlement of difference. you are not buying crypto but are just obliged to fulfill the contract for difference.(you are just exchanging cash)
Thats why it comes under maysir.
he explained the future trading fundamental and wherever there is future it is mysir.
In future they charge interest so if you short or long in crypto which own interest so it is haram
Where is the answer
If liquidation is zero
Then how its gambling
What about the coin m trading in crypto? like on binance , they give us the option of longing or shorting with the coins that we already have , and not the cash , so is that halal or haram?? Please do reply. Thank you
There's still interest involved right?
@@nofeah89 no
Short is haram, future is haram, option is haram.. Muslim doesn’t have any way to make money in a bear market??
But fill the pockets of the short seller by selling my asset is fine?
Any thoughts?
How about owning the actual asset. you make money in a bear market by buying low.
"selling debt is haram" well let's say i borrow some money from my friend to buy some food for my family. I'd exchange that money with food and I'll give that fixed amount back to my friend, so it's haram ?
you didn't sell debt in that example.
@@practicalislamicfinance i just borrow some money for investing and giving fixed amount that i borrowed back. that's all. i also sold the debt. can you tell me what things i can do with my debt ? cuz the only reason i borrow money from someone/lender is to sell it ( exchange it ) and exchange is sell.
الله يباركلك
Wayyakum
Awesome 👍
Thanks 🤗
Crypto funded trading program halal or haram.i am only trading spot no leverage
Please someone give the answer
I don't understand the cash settlement
So if I got 500 000$ worth in bitcoin can I sell for cash money my bitcoin or not
if you received bitcoin that means the contract was not cash settled.
@@practicalislamicfinance thx I get it now but I'm still not sure what to do I want to cash in so it's very confusing and I'm in a good place with my investment I paid the coins with cash so why can I not sell my coins for cash this is so confusing
@@tanglunglung8100 if you have coins you can absolutely sell them for whatever you want
@@practicalislamicfinance thank you for the update and videos and also last week's video you had a great shirt/ polo very you 👍🏻👍🏻👍🏻
@@tanglunglung8100 i think this is the second compliment I got about that shirt. I'm gonna start wearing that more often lol.
Bro isn't it gambling?
Allah bless you
And you as well inshaAllah
Exchange stocks are halal or haram???
E.g. NASDAQ stock
depends on the stock. check out practicalislamicfinance.com we analyze new stocks there almost everyday.
In India exchange is it self listed in another exchange,.... Can we buy that stock
I have a trading bots, that’s making for me little bit crypto earnings. In this case my profits are haram.
if it is contract based cash settlement than it is haram.
if it is spot trading than it is ok. because bot will only automate the trading . if fundamentals are right than it doesnot matter if bot does it or you.
@@alifaizan7394 Ali bhai please tell me, if I have bought any crypto and trade it with 5x leverage, will the profit be halal or not?
@@zawarkhan8695 As explained in video, they are not sharia complaint
reasons are explained in detail .
1- leverage is borrowing money and making trade on that. which itself is not allowed in islam. 2nd you will pay interest in some form. which is haram.
2- most probably it is a cash settlement between parties means you dont own any asset.this comes in category of maysir(speculation, Joa in urdu)
in general stay away from any kind of futures.i consider them haram under these conditions.
jazakAllah and feel free to correct me if i am wrong
Can i have your trading bot as i am in loss most of the time. Why not to get benifit from the bot. Btw i am trading in spot only
Just to confirm, is Binance Futures haram?
offcourse.
Are the violations I mentioned present?
@@practicalislamicfinance Same question and im not sure if the violations are present there or not. Really need to know this :((
@@ahmadsannaan9731 they are present brother.
Prophet Muhammad will be sad seeing his followers buying invisible toy money like bitcoin.
Muslims should buy gold, or another real asset
Don't do crypto currency .my cousin lost 20lakh rs amount..he is in debt
Thank you a lot for the explanation … i used futures only to set limit for not losing too much… i didn’t use leverage or any loan … and when i bought some amount of crypto, i still have the full control to sell at whatever price i choose and i can redeem it’s money at any time i want … so i use it the same way as spot, but only to set a limit so i don’t keep watch for hours .. so I’m not obligated to sell at a contracted price … what is this considered .. if someone is knowledgeable please help
I also need the same guidance
You can set limit in spot as well. Why using future for just stop limit?
“The ohio state university” at the back 🤔
is crypto staking halal
Definitely
So it means to say stock is haram? If not the article on your site needs a lot of correction and stop spreading pathetic info please
Anything is Halal as far as the product/utility is Halal and that you're in the possession of the product (stock or crypto) when you're selling it. Simple as it.
@@talha1996 if by possession you mean contract then you saying crypto is halal?
@@talha1996 now lets talk about cash settlement.
1. I borrow 1 KG gold and my agreement is to return 1 KG gold when I borrow it was trading @ 1000 but at the time of return it was trading at 1500. If this cash settlement is halal how come future contract is haram.
2. In so called islamic banking if you want loan for business they say what you want to buy I say gold 1kg they say ok it is trading @ 1000 we will buy and we will sale it to you for 1500 but you can pay in parts. If this is halal how come future contract is haram as I am trading for future and I am charging extra money over the market price...
3. He says interest kicks in but there is no transaction entry of interest in binance future contracts they charge commission if Musharakah and Mudaraba is Halal how come future contract is haram...
I am expecting a detail reply from channel owner on this....
@@talha1996 but I am sure my comment will be deleted very soon as this happened on almost every islamic finance channel :smile:
Stay away from futures
Evet