Is Trading on IQ Option Halal?

Answered by 

Shaykh Ebrahim Salejee

Q: Is trading halal? Like the website I am using is IQ Option. Where you bet the price on 4th decimal of the rate.

Bismillaah

A: Betting is equivalent to gambling, and gambling is haraam.

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

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)


Original Source Link

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.

Tags: gambling, haraam

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