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Recently, I delved into the issue of futures trading from an Islamic perspective, and here’s what I’ve understood — it’s truly a serious matter that many ignore.
In Islamic finance, there are clear principles, and most Islamic scholars believe that trading futures does not align with these principles. The main reason is the concept of gharar, which means excessive uncertainty. When you trade futures, you are essentially selling something that doesn’t yet exist, creating uncertainty and potential disputes. The Quran explicitly addresses this in 4:29 — “Do not consume one another’s wealth unjustly, but trade by mutual consent.”
The second point is that futures trading resembles maysir, or gambling. When you speculate on price fluctuations without actual ownership of the asset, it closely resembles a game. Islam categorically prohibits gambling — in the Quran 5:90, it is called an abomination and the handiwork of Satan.
The third aspect is riba, or usury. Although futures themselves may not directly involve interest, the financial mechanisms used in such trading often do. Islamic finance strictly forbids this.
The Islamic Fiqh Academy of the OIC has issued clear resolutions on this matter, and renowned scholars like Sheikh Yusuf al-Qaradawi and Sheikh Muhammad Taqi Usmani have also emphasized the impermissibility of futures trading in their fatwas.
Having realized all this, I have decided — from today onward, I will not publish advertisements for sales or future deals on my page. Thanks to those who brought this to my attention. This concerns the integrity of faith and a just economic system. Jazakumullahu khairan to everyone who helped me understand this issue.