Is dealing with the aforementioned binary platform on the stock market, which involves determining the success rate of a trade and a specific time for it, and a profit or loss based on currency exchange rate fluctuations, considered a form of betting or gambling? And what is meant by the conflict of investors' funds?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
There is no objection to subscribing and trading in the stock market if Islamic controls are adhered to. However, it is not permissible to deal with binary platforms or binary options, due to their inclusion of (excessive uncertainty) and gambling. A resolution has been issued by the Islamic Fiqh Academy prohibiting options contracts. Betting does not differ from gambling; rather, it is a type of it. The sentence referred to means that the company trades with investors' money through the stock market.
Summarized from the full answer at Ftawy · imported
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