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The problem with Binary options(also options and futures) is that you don't directly deal with the underlying item Pocket Option Philippines . You never become the owner of the underlying item . Instead you are betting on the way the underlying item's price moves . If you predict the movement correctly you get money and if you predict wrong you lose money . So I think it is pure gambling.

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answered Jan 13, 2015 at 2:23 1,062 11 11 silver badges 23 23 bronze badges I agree, its more gambling than trading. Mar 4, 2016 at 13:31

Binary option is not Haram essentially. I don't know how much you have studied this system, but please note that in this system 30 percent of the people will get rich and about 70 percent will lose. From any side you look at these binaries you can find out this. This kind of trading is not Halal because of what I mentioned.

In my country, Ulamas have forbidden this kind of trading.

12.4k 16 16 gold badges 57 57 silver badges 129 129 bronze badges answered Jul 13, 2014 at 21:11 1,517 11 11 silver badges 36 36 bronze badges

Well, i think binary options IS gambling, there's a thin line between binary options and forex trading (gambling and trading) binary options are about betting and forex trading is about selling and buying currencies. Binary options : is betting wethere bulling or bearing Forex trading: is buying and selling currencies with the hope that you earn money As i mentioned above, if we talk about fundamentals about trading, there's a very thin thin difference between betting and trading. In simple and common trading (such as trading or buying food) the wholesale sellers try to take profit of the market volatility so they try to "predict" proces. But betting you know is to bet is giving money without buying something I consider binary options like betting for football .. The fundamental difference between betting and trading is almost same between business and ribah (in quran' they said ribahis business, allah said NO) Therefore i consoder binary options haram (not fatua) and to prevent doing things haram i prefer avoid dealing with subjects still in discussion until a real FINAL result or fatua is released Ua allahu aalam Assalami alaikom

answered Dec 13, 2016 at 9:45

It is interesting to note that claims of 100% are made by those who can not justify it.

It is my understanding that for a method to be gambling a stake has to be made which has risk to be lost.

In binary trading it is gain or no change ie zero gain; nothing is being lost therefore not gambling in Islam therefore halal.

Non Muslims such as HMRC, for tax purposes, classify it as gambling based on behaviour not the exact detail.