Assalamualaikum. My question is regarding CFD (yes, I’m aware of your answers provided by askimam.org which asked by other)
Can you please have a look on below link, where the platform does offer Islamic account which they claim that it follows sharia law.
http://www.etoro.com/en/social-trading/islamic-account/
Kindly please advise accordingly.
Thanks in advance.
Answer
Answer:
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuhu
The URL you have provided does not exist currently. Nevertheless we have previously advised on the impermissibility of CFD Trading.
And Allah Ta’āla Knows Best
Ismail Desai,
Darul Iftaa
Checked and approved,
Mufti Ebrahim Desai