Sayyed Mohammad Al-Musawi's response to Can we trade in options on any stock market index given that it is not a stock in itself but represents the direction of a market as a whole?

Can we trade in options on any stock market index given that it is not a stock in itself but represents the direction of a market as a whole?

Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 3 years ago

Direction of the market includes lawful and unlawful companies dealing with usury or alcohol etc. We are not allowed to deal with any unlawful company. Dealing must be with shares of company doing a real trade, not a gamble, and away from unlawful business.

'Wassalam.

Cookie Preferences