Mufti Online — Madrasah Ta'leemuddeen

Binary option trading

· 18 Jumada II 1436 AH1 min readEnglish

Question

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

Answer

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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Questions about this ruling, answered only from the archive with sources.

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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/10346
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-10346

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