Is Binary Option Trading Halal?

Answered by 

Shaykh Ebrahim Salejee

Q: I have recently learned about binary option trading. I would like to know if it is halaal.

Bismillaah

A: This is a type of gambling as you are suspending the investment on an uncertain event.

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

 Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)


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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, investment

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