What is the ruling of Islamic law on binary options trading online, knowing that the questioner relies in this trade on his prior knowledge of currency price movements through websites that broadcast prices faster than trading platforms, and based on that, he opens quick trades (15 seconds)? And is this permissible with the availability of Islamic accounts that are free of interest?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
Binary options trading is impermissible (haram).
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/152432
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 152432
- Imported
- Translation status
- Source text, unreviewed
- Read the full ruling
- Read the full answer on Ftawy