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Is CFD trading halal in Islam

13-Oct-2006, 03:08 PM
Post: #1
Is CFD trading halal in Islam
Assalamualaikum dear bro/sis.

I would really like to find out the validity (halal or haram) from Syariah perspective of

1) CFD trading and
2) Option trading

So far there is no article to talk about this subject especially on CFD trading.

And there are mix opinions on the option trading.

Really appreciate your genuine reply with extensive explanation insyallah.

Jazakallah
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22-Aug-2009, 09:38 PM
Post: #2
 
salam bro nizamk,

as far as i know options is haram in syariah and islam. and that is for sure!
i will get back in detail on why it is haram since i don't have my book here at the moment.

as far as cfd it is still unsure but the book i'm reading saying that it is haram because you're selling something that you do not own. is best if you could avoid it.
buy low sell high. don't sell high buy low.


wallahu 'alam.
jazakallah.
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22-Aug-2009, 09:38 PM
Post: #3
 
salam bro nizamk,

as far as i know options is haram in syariah and islam. and that is for sure!
i will get back in detail on why it is haram since i don't have my book here at the moment.

as far as cfd it is still unsure but the book i'm reading saying that it is haram because you're selling something that you do not own. is best if you could avoid it.
buy low sell high. don't sell high buy low.


wallahu 'alam.
jazakallah.
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23-Aug-2009, 07:22 AM
Post: #4
 
i can't comment much because this involves religion but i've a strong point to make.if and when you bring religion into the market then you're going to fail miserably because 99 out of 100 things religion shall forbid you to do.i've muslim christian and buddhist friends who gamble both in the market and also in the casino.so where's the boundary now ah?we're all human beings so just whack la.who cares whether you live or die?if you're a staunch muslim for example and you're poor do you think that king abdullah is going to give you a barrel of oil for free?correct or not ah?tak kira what religion you're in just don't harm kill and destroy others.you want to hang or intoxicate yourself is entirely your business.ha.
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23-Aug-2009, 07:22 AM
Post: #5
 
i can't comment much because this involves religion but i've a strong point to make.if and when you bring religion into the market then you're going to fail miserably because 99 out of 100 things religion shall forbid you to do.i've muslim christian and buddhist friends who gamble both in the market and also in the casino.so where's the boundary now ah?we're all human beings so just whack la.who cares whether you live or die?if you're a staunch muslim for example and you're poor do you think that king abdullah is going to give you a barrel of oil for free?correct or not ah?tak kira what religion you're in just don't harm kill and destroy others.you want to hang or intoxicate yourself is entirely your business.ha.
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16-Nov-2013, 02:18 AM
Post: #6
RE: Is CFD trading halal in Islam
Yes i do agree that u can't comment much. Regarding your strong point, it seems to me that our current world is very corrupted because 99% of things in religion can't be applied in our world. IMO, all religions ask and teach their believers to do good deeds including trading/finance and you said 99% are not applicable. Regarding to your friends, i have no comment. But in my opinion, If they do believe, they should avoid it as far as i concern, there is no religion encourage their believers get involve with gambling. From Christianity side https://bible.org/question/why-gambling-wrong. Or maybe you could tell me one of religion which teach and encourage believers to gamble. I also pity you because in your view, no one cares when you die. For me, i am certain at least my family will miss me when i die. And u have one interesting theory, tell me any deed which religion does not encourage and this deed wont harm others? Now, as we are talking about trading, maybe u will say it wont harm others. How about the 2008 financial crisis where US govn need to use taxpayers' money to bail out bank. Do u think this action doesn't harm others? This taxpayers' money is better off spending on other things instead been used to bail out banks which caused this in the first place.
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