Category Archives: Finance

Ruling on Binary Options Trading

Q: What is the ruing on Binary options trading?

 

الجواب حامدا ومصليا ومنه الصدق والصواب

A:  Please see the following link:

http://alqalam.org.uk/fatawa/investments-fatwa/is-it-permissible-to-purchase-stocks-using-call-and-put-options/

Binary options (all-or-nothing options) are simply another form of call or put options and are not sanctioned in Islam.

 

 

And Allah knows best.

Mufti Mohammed Zubair Butt

Al-Qalam Sharī‘ah Panel