We found 11 online brokers that are appropriate for Trading Is Futures Trading Halal.
Futures trading are financial instruments that are part of financial derivatives, through which two parties agree to buy or sell a financial instrument or basic commodity with a delivery date that is on a specific date in the future.
Participation in this market does not mean that you must necessarily deliver and receive commodities, as buyers and sellers entering the futures market hedge risks and speculate without exchanging commodities.
Whether it is in the process of incorporation in the primary market or when a few shareholders claim their shares in the secondary market (the trading market), it seems this does not pose a dilemma in Sharia
Buying these shares is permissible as these shares represent a common part of the capital of the company.
Futures can be industrial, commercial or agricultural - where they may offer goods, and real estate as well as cash, and in this case, it is required that what is stipulated as selling cash to each other is if you are the buyer of the shares.
The basic principle in futures trading and transactions is that it is Halal except as stipulated by the legislator.
The shareholding company, although not regulated by Islamic law its controls must be legal and ethical in its activites and contracts.
Rentals and donations may not adhere to strict Islamic law, and as a result may be subject to certain Fatwas.
Whoever buys the stock buys a communal part of the company. It is Halal? Well yes and no Imam Ahmad has authorized some companies.
Al-Azhar Sheikh Muhammad Shaltout issued a fatwa permitting participation in certain companies, as well as Sheikh Al-Azhar Hassan Mamoun.
What causes an issue under Islamic law for some companies is the responsibility of the partner. The responsibility does not exceed the amount of their share capital.
A claim of deception is taken when one who buys the share does not know the truth of what he is buying and did not take into consideration the Islamic Fiqh Academy in Jeddah in their decision.
This is a reason for prohibition under Islamic law for some futures.
Futures trading may be acceptable as long as the joint-stock company is Halal unless its goal is forbidden.
If an organization deals unlawfully, then it is forbidden to participate and buy shares in the first and second markets.
Futures trading on these shares are from the sales that are carried out on the stock market on financial assets whose prices are determined by supply and demand at the highest price offered by buyers and the lowest price accepted by sellers.
It is a type of auction sale, because there are types of sales such as bargaining, Murabaha and auction.
The public has agreed that it is permissible to sell by auction, according to Ibn Rushd, (the grandchild).
It is similar to a ladder, peace is a project by the general meaning of the book, the texts of the Sunnah, and the consensus of the nation.
As for the general nature of the Qur’an, it is the words of the Almighty (and God permits sale) and peace is a sale.
As for the Sunnah, the agreed hadith on the authority of Ibn Abbas, may God be pleased with them both, that the Prophet, may God’s prayers and peace be upon him, came to Medina while they lend a loan in general dates and within two years.
However, stock exchanges that trade futures or futures sales are of various types.
Some of them are commodities and they are transactions that are controlled by the stock exchanges laws and customs.
One of the most important is that a person sells a commodity from a person for a time to be delivered, and the seller does not own the commodity except that it can obtained at the specified time.
The buyer does not pay the price at this point, but rather he will pay it only upon delivery of the commodity or liquidation, and the increase in the term is possible in exchange for a price.
This contract was originally Salam as Salam is the sale of a commodity described in liability as exchange for an urgent price of a different kind.
The statements of the scholars in defining Salam differed according to their view of futures and other types of trading.
Most expressed the price was paid in the majlis, while some expressed that it was paid sooner.
Perhaps the most important clause in this contract is that the price deferred, and this contradicts the opinion of the majority of scholars.
This has made all the contemporary Islamic writers in securities claim that this transaction is forbidden according to Sharia and accordingly they pardoned this transaction and the decisions of the Fiqh Councils came to this ruling.
These are decisions issued by the Islamic Fiqh Academy of the Muslim World League and others issued by the Islamic Fiqh Academy of the Organization of the Islamic Conference. It goes without saying that these two international councils include the finest scholars of the Islamic world from all sects and trends.
We've collected thousands of datapoints and written a guide to help you find the best Is Futures Trading Halal for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best is futures trading halal below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Is Futures Trading Halal trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Is Futures Trading Halal.
Compare Is Futures Trading Halal min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are is futures trading halal. Learn more about what they offer below.
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Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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Roboforex
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FP Markets
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Pepperstone
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EasyMarkets
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XM
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Plus500
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FXPrimus
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 1 | 100 | 200 | 100 | 5 | 100 | 100 |
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Used By | 20,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 10,000+ | 10,000+ | 142,500+ | 3,500,000+ | 15,500+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
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Up with fxprimus |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Your capital is at risk | 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
Roboforex Demo |
FP Markets Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
Plus500 Demo |
FXPrimus Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | US, JP, NZ | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
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We have listed top Is futures trading halal below.