Is it permissible to trade in warrants and futures as detailed in the following websites? (This actual website will be used to transact in these financial instruments) http://www.moneymax.co.za/sawarrants/displayarticles.asp?ArticleID=298402&Ti cker= http://www.moneymax.co.za/sawarrants/displayarticles.asp?ArticleID=298030&Ti cker=
Answer:
It is not permissible to trade in warrants and futures as it involves Gharar (uncertainty) and Qimaar (gambling)
and Allah Ta’ala Knows Best
Mufti Ebrahim Desai