I would like to know whether binary option trading is allowed in Islam. It is a type of trading where the trader purchases an item currencies, commodities, etc.

Islamic Forex and Binary Options Trading - yes or no? | BOBG

If the trader is successful in his transaction, he receives a percentage profit and if he is unsuccessful he receives nothing. Thank you in advance for your enlightened viewpoint. In this kind of trade there is uncertainty — either you get a lot of is binary options allowed in islam or nothing at all.

Halal Binary Options - Islamic Trading and Brokers

Gharar is generally prohibited being excessively risky. Imam Work away from home tax allowance Is binary options allowed in islam American Islamic Center — Chicago www. Home About Us Ask a Question Prayer Request Dream Interpretation New User Registration.

Is Binary Option trading allowed in Islam? Posted on March 21, by Shaykh Senad Agic. As Salaam Alaykum Wa Rahmatullah, My deep respect to all members of the Eshaykh staff.