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Binary options trading halal or haram

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binary options trading halal or haram

Trading with binary options seems to divide the islamic community. While the normal forex trading or stock trading does have a very serious character and needs a basic knowledge to even make a first trade, the trading with digital options is other then that. There are brokers like Banc haram Binary with very small option expery like 60 seconds or like 5 minutes. Many online brokers offer bonus, risk free trades and many other marketing instruments which are options to use at online casinos and trading betting websites of the infidels. It is important to use an islamic binary with NO RIBA! There are 2 ways how not to trade with binary options, two ways which make binary options haram: If you trade on currencies or if you use it without strategy like betting. Binary Options trading is not Gharar: If you avoid all the trading with currencies! Stay with values and commodities like oil and gold and you are safe to trade. My dear islamic brothers, we are people born for trading since the ancient times — we have trading in our life blood and we are very good in it. The situation with digital options is fairly new — not only to the isamic world, but to entire binary. It is an very exotic and unknown way of trading and therefore there are not many words by the folks of wisdom that can lead us. We found an answer to this question every good Muslim wants to know before starting to trade. The answer my dear brothers lies already within yourself! This answer lies in your intention of trading. If you start the trading with binary options without a clear plan, strategy binary method — you are just gambling — betting on up call or down put. If you observe the market and make wise decisions to make some extra money for your family or to support the islamic religion, you use your options and wisdom as a man who cares for his family and his mosque. Many people ask themselves if the trading with digital options is a halal form of trading on the Forex, Indices, Commodities and Stockmarket. Why are they all unsure about it? What makes them think that the trading with binary options is trading The answer is simple as it could be: It is a very new and still very exotic way of trading and making money. Every possibility to make money has its up and downsides as you know. If you are trading on a bazar for example and you are good trader it can be that seller or buyer is unhappy about the deal after he made it, because you forced him to do so. Nevertheless, everyone is responsible for his own decisions. Same goes for the trading with this kind option buying. Are you able to answer all this questions with yes? If so, then the chances are good that you are trading halal. Halal named questions are not about options out if you would be a good trader with binary options! This is written in another book. Follow the strategy, analyze and in the long run you will make good profits. Perhaps you see now why it is so haram to say exactly if trading with halal options is halal or haram. The answer is not to find in the trading instrument itself, it is to be found in yourself and how good your personality is developed. There are 2 ways how not to trade with binary options, two ways which make binary options haram If you trade on currencies or if you use it without strategy like betting. Binary Options trading is not Gharar If trading avoid all the trading with currencies! You trade with self-control and never trade to compensate losses from former trades. You never lie about your trading expenses to your family or anyone else. binary options trading halal or haram

4 thoughts on “Binary options trading halal or haram”

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