Options in stocks, commodities and currencies : trading options

Fatawa Question

Is buying options in currency trading is Halal ???? For your information in buying options you have to invest money and you will buy options for a period of 2 months and they set a target to reach for example. 101. If you cross this target you will gain the profit if not you lose the whole amount. So my question is losing whole amount in such business is permissible in Islam ???? Pls. reply me to my e-mail address. Jazakum-ullah-khair. Zaki

Fatwa

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Publication Date

2002-08-20

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726877

American Psychological Association (APA)

Qahf, Mundhir. 2002-08-20. Options in stocks, commodities and currencies : trading options. .
https://search.emarefa.net/detail/BIM-726877

Modern Language Association (MLA)

Qahf, Mundhir. Options in stocks, commodities and currencies : trading options. 2002-08-20.
https://search.emarefa.net/detail/BIM-726877

American Medical Association (AMA)

Qahf, Mundhir. 2002-08-20. Options in stocks, commodities and currencies : trading options.
https://search.emarefa.net/detail/BIM-726877