Binary Options Myth

The problem with Binary options(also options and futures) is that you don't directly deal with the underlying item . You never become the owner of the underlying item . Instead you are betting on the way the underlying item's price moves binary auto trading bot . If you predict the movement correctly you get money and if you predict wrong you lose money . So I think it is pure gambling. answered Jan 13, 2015 at 2:23 1,062 11 11 silver badges 23 23 bronze badges I agree, its more gambling than trading. Mar 4, 2016 at 13:31 Binary option is not Haram essentially . I don't know how much you have studied this system, but please note that in this system 30 percent of the people will get rich and about 70 percent will lose . From any side you look at these binaries you can find out this is binary options a good idea . This kind of trading is not Halal because of what I mentioned.

In my country, Ulamas have forbidden this kind of trading.

12.4k 16 16 gold badges 57 57 silver badges 129 129 bronze badges answered Jul 13, 2014 at 21:11 1,517 11 11 silver badges 36 36 bronze badges Well, i think binary options IS gambling, there's a thin line between binary options and forex trading (gambling and trading) binary options are about betting and forex trading is about selling and buying currencies . Binary options : is betting wethere bulling or bearing Forex trading: is buying and selling currencies with the hope that you earn money As i mentioned above, if we talk about fundamentals about trading, there's a very thin thin difference between betting and trading binary options alerts . In simple and common trading (such as trading or buying food) the wholesale sellers try to take profit of the market volatility so they try to "predict" proces . But betting you know is to bet is giving money without buying something I consider binary options like betting for football . . The fundamental difference between betting and trading is almost same between business and ribah (in quran' they said ribahis business, allah said NO) Therefore i consoder binary options haram (not fatua) and to prevent doing things haram i prefer avoid dealing with subjects still in discussion until a real FINAL result or fatua is released Ua allahu aalam Assalami alaikom answered Dec 13, 2016 at 9:45

It is interesting to note that claims of 100% are made by those who can not justify it.

It is my understanding that for a method to be gambling a stake has to be made which has risk to be lost.

In binary trading it is gain or no change ie zero gain; nothing is being lost therefore not gambling in Islam therefore halal.

Non Muslims such as HMRC, for tax purposes, classify it as gambling based on behaviour not the exact detail.