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Is binary trading Halal if Islamic law are followed?


Peace be upon you. I want to know whether binary trading is halal or haram under islamic sharia? Today there are many such companies which claim that they are providing Halal account for Muslims.

As the holder of an Islamic Account, you get:
Interest-free trading: no extra charges for opening, closing or holding your position (except leveraged CFDs).
HIBAH – you can donate a part of your profits to charitable organizations without any fees.
Wide range of leverages
Free online trading platform.
So the question is is binary trading Halal if Islamic law is followed?

Wa Alaykumussalam

Peace be on you too

Thank you for your query.

If your mentioned thing lies under the binary trading then according to Ayatullah al-Udhma Sayyid Ali Sistany Binary and Forex trading are not allowed. He does not allow his followers to get into such transactions.


Syed Haider