BEST-OPTIONS-ADVISORY-SERVICE

As we said earlier, there is no definitive answer for options trading to be halal or haram. While many people consider options trading to be halal and therefore participate in the options market, there is a significant population who consider that it is not in accordance with Islamic principles. Options are a type of derivative, which are all zero-sum games. Sheikh Yusuf DeLorenzo has a similar view, stating that this type of economic activity is clearly prohibited by the shariah... Trading CFDs or binary options is certainly prohibited, since you don't own any part of the asset. Since binary options trading involves an element of speculation, risk and interest (riba), they are considered haram in Islam. This is an agreement that gives the buyer of this option - who is the owner of the financial certificates - the right to sell a specified number of shares or other financial certificates for a specified price within a specified period, but is not obliged to sell, so it is optional...

Also known as: best-options-advisory-service.net