In this comprehensive article we look at the implications of Sharia Law on Binary Option trading and answer whether it is “Halal” or “Haram” to take part in trading Binary Option. The development of online trading platforms in recent years has opened up new horizons for retail traders of all races and blogger.comted Reading Time: 7 mins Are Binary Options Halal? Complete Guide to Islamic No exceptions will be considered. If you accept any sort of interest from your broker on your overnight positions, you are simply earning “Riba” through the trading field of binary options. This will be considered as haram. But due to the efforts of some binary options brokers, this problem has been overcome with the introduction of halal trading accounts. · Is Binary Options Gambling? Technically, Binary Options
Are Binary Options Halal? Complete Guide to Islamic Binary Trading
Before we can talk about the status of binary options trading under Sharia law, we must first consider what Sharia law says about investing in general.
It is easy to see why this is the case. In considering whether binary options trading is halal or haram, let us take a look at all three of these issues. Anytime you take a risk to achieve an uncertain binary options haram, technically, you are gambling.
Everyone must invest at some point of time in one way or another, financially or otherwise. Individuals invest. Governments invest. Companies invest. Organizations invest. Professional investors use strategies to manage their money and plan their trades in such a way as to reduce their risk as far as possible, binary options haram. By doing so, they can often achieve relatively stable results binary options haram time, binary options haram.
If you approach binary options trades with no strategies in place, without having conducted any testing, and without having a logical basis for your trade decisions, you are definitely gambling, which is very much haram. But if you approach binary options trading with a systematic plan, which you have tested thoroughly binary options haram which can help you minimize your risk, you are investing like a professional.
Next, there is the matter of greed. This too is always relevant to any discussion surrounding finances. Is binary options haram options trading inherently greedy?
If you are able to trade while maintaining balance and generosity in your life, then you are not possessed by greed. If on the other hand you allow trading to totally consume you, disrupting your obligations to faith, family, friends, and community, yes, it is greedy.
Earning interest on trading positions or through any other activity is strictly banned. There are no exceptions. That means that if your broker pays you interest on overnight positions, you are earning riba through binary options trading. That makes it haram. Thankfully, there are a few binary options brokers out there that are aware of this obstacle, which all Muslim traders face. This keeps trading halal.
Whether binary options trading is halal or haram depends on where you invest and how you invest, binary options haram. Trading binary options is not strictly halal or haram. If, however you trade like a professional, keep greed in check, and hold an Islamic account which does not earn riba, then binary options trading can be halal.
Are Binary Options Haram or Halal for Muslim Traders? Contents Defining Haram Investments 1. Is Binary Options Gambling? Is Binary Options Greedy? What About Riba? Conclusion Share and Enjoy! Share and Enjoy! Read more articles on Education, binary options haram.
Binary Trading.
Options: Halal or Haram?
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In this comprehensive article we look at the implications of Sharia Law on Binary Option trading and answer whether it is “Halal” or “Haram” to take part in trading Binary Option. The development of online trading platforms in recent years has opened up new horizons for retail traders of all races and blogger.comted Reading Time: 7 mins Are Binary Options Halal? Complete Guide to Islamic No exceptions will be considered. If you accept any sort of interest from your broker on your overnight positions, you are simply earning “Riba” through the trading field of binary options. This will be considered as haram. But due to the efforts of some binary options brokers, this problem has been overcome with the introduction of halal trading accounts. · Is Binary Options Gambling? Technically, Binary Options
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