Q: I want to ask if futures trading is halal in Commodity Market. In my country Pakistan, this is allowed. Also, to make it clear this kind of trading has no interest (riba) associated to it. Its a contract to buy the commodity in future by depositing an initial deposit. Please advice. I am a sunni Hanfi.
A: It is not permissible.
And Allah Ta’ala (الله تعالى) knows best.
Mufti Ebrahim Salejee (Isipingo Beach)