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Binary Options Trading: Halal or Haram?

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: Is trading using binary option on any thing from currencies to commodities halaal or haraam? Please could you let me know on this issues?


A: Refer to http://muftionline.co.za/node/1381 and http://muftionline.co.za/node/10346

And Allah Ta’ala (الله تعالى) knows best.

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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