Darul Iftaa Mahmudiyyah

My concern is regarding a financial trading business

· 3 Ramadan 1427 AH1 min readFatwa 14572English

Question

Asalaam.

My concern is regarding a financial trading business which becoming very popular . My doubt is that it might not be halal.

there is a web link of a bank which is offering it like many other banks. please check if it is right or wrong, as many women who are sitting whom are doing it. your answer will help them all from the helfire if this is wrong business.

it is called as fiancial spread. it is traded online upon various currencies and comodities.

web link for your reference is

tdwaterhousespreadbetting.co.uk

jazakallah.

Answer

Assalamu Alaikum Warahmatullah

Brother/Sister in Islam

Kindly give us a summary of the procedure and we will issue a ruling based on that.

And Allah Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/14572
Fatawa SA: https://fatawa.co.za/fatwa/askimam-14572

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