In the area of banking and investments, Sharia law strictly forbid the lending of money with interest. It will have no connection with interest.
Is Binary Options Halal or Haram?
That extra money is regarded as late charge late interest and it is permissible. This situation puts Muslim traders on a collision course with their religious beliefs. Even if considered permissible, there are caveats which should be considered: I would argue that puts should be just as permissible as calls since they're effectively the same thing in reverse, but that's just a personal opinion and not backed by any actual evidence. It is not permissible.
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It is a judgment originating from the necessities of trade life. What is essential in buying and selling is trading and making profit; but this transaction is also a kind of service to humanity because it serves people. Unlike a futures contract, a call option does not involve any debt on the buyer's part; he is under no obligation to buy anything. In Islamic law, there is no profit limit in general; the profit limit is determined by the market and the conscience of the dealers, which gives great responsibility to dealers.
If silam buys it in cash, they do not charge any extra money but if he buys it on credit, they charge some extra money. It can even be said that with such a sale, he gets reward as if he lent money to his customer without interest qard hasan. Only the individual trader can know whether this is the case. See the references below for further clarification. Therefore, they have spiritual rewards too.
Halal Binary Options and Islamic Trading Accounts
When Sharia law is applied to Binary options trading, this means interest that is earned or charged for an overnight position is prohibited as well. The life of a Muslim is guided by Sharia Law. There is some disagreement whether such transactions are halal, but the Hanbali position is that it's permissibleciting a report that Umar himself partook in such a transaction.