Is binary trading permissible in Islam? It involves predicting the value of an asset's increase or decrease within a specific time frame based on chart analysis and technical skills. Success yields profit, while failure results in loss.
Is binary trading permissible in Islam? It involves predicting the value of an asset's increase or decrease within a specific time frame based on chart analysis and technical skills. Success yields profit, while failure results in loss.
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 1 year ago
Such trading based on chart analysis and technical skills is permissible according to many leading scholars provided you don't trade in any unlawful business.
'Wassalam.