Trade and commerce are daily activities and not at all wrong. But when it comes to illegal and unjust trading, it is certainly not acceptable in the eyes of law or god. Almost every Muslim options trader in the financial industry has this doubt in common whether online binary option trading is haram or halal? The vast advancement of Binary Options trading has opened up new opportunities for traders belonging to several races and creeds. Muslims being one-quarter of the entire world’s population, have also become active participants in the field of trade and commerce. The main point is that according to the Shariah law, it has forbidden to charge any sort of interest or “Riba” and is also considered to be a major sin in the eyes of God. Several brokers after having a discussion came up with the idea of “Halal” trading, or Islamic, trading accounts which would
IS TRADING BINARY OPTIONS HARAM OR HALAL?
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