Binary Options Trading In Islam

Binary options trading in islam

lately I discovered the Binary Option system, with a little bit of research I found companies who offer an Islamic Account to trade.

However when I searched on the internet to find if this kind of trades is Halal or Haram, I found myself stuck between two opinions, some say that it is halal if you avoid trading in currencies, you trade just in commodities (gold, silver, oil), stocks (Facebook, Amazon, Apple) and indices, and some say that it is Haram.

The problem is that no one is talking about the Islamic account itself, whether it makes any difference or not.

Some sites that offer an Islamic account:

  • 24bulls
  • 24option
  • bigoption

Could anyone please help me with this?

Binary Options Trading in the Islamic Fiqh taught by Sh Hacene Chebbani