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?

Investment Futures trading

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 10 months ago

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

Wassalam.