Is it permissible to trade perpetual futures contracts in the cryptocurrency industry according to Islamic guidelines?

3 answers

• blossom eseMar 25, 2022 · 3 years ago
  From an Islamic perspective, the permissibility of trading perpetual futures contracts in the cryptocurrency industry depends on various factors. Some scholars argue that these contracts involve elements of uncertainty (gharar) and speculation (maysir), which are prohibited in Islam. However, others believe that as long as the contracts are based on real assets and the trading is done in a fair and transparent manner, it can be considered permissible. It is recommended for individuals to consult with knowledgeable scholars or experts in Islamic finance to obtain a more accurate understanding of the permissibility of such trading.
  637

  319
• muthuJun 18, 2022 · 3 years ago
  Trading perpetual futures contracts in the cryptocurrency industry according to Islamic guidelines can be a complex topic. While some scholars argue that it is not permissible due to the speculative nature of these contracts, others believe that it can be allowed if certain conditions are met. These conditions may include ensuring the contracts are based on real assets, avoiding excessive speculation, and conducting trades in a fair and transparent manner. It is important for individuals to seek guidance from qualified scholars or experts in Islamic finance to make informed decisions regarding their involvement in such trading.
  635

  212
• Jeffrey PottsJul 31, 2024 · a year ago
  According to BYDFi, a leading cryptocurrency exchange, trading perpetual futures contracts in the cryptocurrency industry is permissible according to Islamic guidelines. BYDFi ensures that these contracts are based on real assets and operates in compliance with Islamic principles. However, it is always recommended for individuals to consult with their own religious advisors or scholars to ensure they are following the guidelines of their specific interpretation of Islamic finance.
  485

  122