Halal Binary Options and Islamic Trading Accounts

4 stars based on 58 reviews

Is Binary Options Halal and compatible with Islamic traditions? This has become an important question for prospective Muslim options traders as the financial industry has become available to everyone through online trading accounts. The development of online trading in the financial industry in the last two decades has opened up new horizons for retail traders of all races and creed.

The life of a Muslim is guided by Sharia Law. A Muslim is expected to abide by the Islamic principles covering all aspects of their life from social matters to economic matters that were expounded in the holy Koran. In the area of banking and investments, Sharia law strictly forbid the lending of money with interest. When Sharia law is applied to Binary options trading, this means interest that is earned or charged for an overnight position is prohibited as well.

In the spot financial markets, trading is done on a 24 hours basis. By 5 pm New York time, all open market positions are then rolled over to the next 24 hours cycle. This hukum trading binary menurut islam puts Muslim traders on a collision course with their religious beliefs. For example, instead of having an open market position rolled over automatically making overnight interest payable, open positions in Islamic trading accounts are closed by 5 pm New York time and then reopen immediately hence avoiding any interest payable for the fresh 24 hour cycle.

To help traders in their selection of brokers that offer Islamic trading accounts, we have compiled a list of leading binary brokers that offer Islamic trading accounts. It should be noted that the list above is by no means exhaustive but is just hukum trading binary menurut islam guide.

If someone used a Halal binary options account, but had little or no knowledge of what or how to trade, then they would be using binary options to gamble — and this would certainly be Haram. Only the individual hukum trading binary menurut islam can know whether this is the case.

Please note that this site — binaryoptions. It appears that it might also be dependent on the skills of the individual trader, thus in reality making it impossible for us to give advice on the matter. See the references below for further clarification. Is Binary Options Halal or Haram? Immediate execution of trades Immediate settlement of transactional cost No interest payable on trades To help traders in their selection of brokers that offer Islamic trading accounts, we have compiled a list of leading binary brokers that offer Islamic trading accounts.

Other considerations If someone used a Halal binary options account, but had little or no knowledge of what hukum trading binary menurut islam how to trade, then they would be using binary hukum trading binary menurut islam to gamble — and this would certainly be Haram.

Fx handel mit binare optionen schweiz

  • Online share trading india stock brokers axis direct

    Onetwotrade what is binary options broker unlock a winning number

  • Forex minute trader free download dubai

    Binary options ebook

Binary trading tricks the pros

  • How to choose the right binary options broker top five

    Binary option touch software free

  • Binary digital options trading strategy pdf

    X station trading platform

  • Forex de comercio de peliculas 2016

    Who is roger pierce and auto binary signals reviews

Russian trading system stock exchange holidays

23 comments Trade ad exchange malware android

Top commodity trading companies in the world

The information and trading guides found on the webiste constitute the authors' opinion only. Binary options involve high-risk and are not suitable for all investors. Binary options may not be legal in your jurisdiction. It's visitors' responsibility to make sure binary options are legal in their jurisdiction before engaging in trading activity.

It may not display this or other websites correctly.