Is trading on the stock market via what is known as "Options," which involves predicting the rise or fall of a specific stock price and purchasing a contract based on this expectation, with the possibility of partial or total profit or loss of the amount paid, while avoiding prohibited companies such as casino and alcohol companies, considered permissible (halal) or gambling?
Options contracts (whether buying, selling, or both) are considered among the impermissible Gharar (uncertainty/speculation) contracts. The Islamic Fiqh Academy has stipulated their impermissibility.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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