Darul Iftaa Mahmudiyyah

Is it permissible to trade in warrants and futures?

· 17 Rajab 1425 AH1 min readFatwa 12551English

Question

Is it permissible to trade in warrants and futures as detailed in the following websites? (This actual website will be used to transact in these financial instruments) http://www.moneymax.co.za/sawarrants/displayarticles.asp?ArticleID=298402&Ti cker= http://www.moneymax.co.za/sawarrants/displayarticles.asp?ArticleID=298030&Ti cker=

Answer

It is not permissible to trade in warrants and futures as it involves Gharar (uncertainty) and Qimaar (gambling)

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
View original Compare with other Darul Iftas
Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue

For corrections or mistakes, please email us at fatawasa786@gmail.com.

Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/12551
Fatawa SA: https://fatawa.co.za/fatwa/askimam-12551

Related fatawa