Options Trading

By |2023-03-27T09:03:30+00:00September 14th, 2020|Fatwas, Islamic banking and finance|

According to most contemporary scholars, it is not permissible to buy or sell option contracts. This is also the opinion of the International Fiqh Academy, Mufti Taqi Uthmani, Dr Darir, Dr Wahbah Al Zuhayli and Sheikh Abdul Fattah Abu Ghuddah. The main argument for its prohibition is that options are like gambling which is prohibited in [...]