Binary options

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: What do you think about binary options eg like expert option or iq option. Are they halal or haram? 

Bismillaah

A: They are not halaal.

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

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

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