Sayyed Mohammad Al-Musawi's response to Is it allowed to trade futures contracts on indexes such as Nasdaq 100 or S&P 500, as well as commodities like copper, silver, or gold?

Is it allowed to trade futures contracts on indexes such as Nasdaq 100 or S&P 500, as well as commodities like copper, silver, or gold?

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 8 months ago

Yes it is permissible to trade in indexes as well as commodities as far as there no unlawful business is involved.

Wassalam.

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