Is it permissible to re-engage in binary options with the intention of recovering only the amount I lost, knowing that trading in them is impermissible?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Binary options trading is impermissible because it is considered a religiously forbidden (uncertainty) transaction. It is not money, nor a usufruct, nor a financial right that can be exchanged for compensation. It is not permissible to engage in a forbidden transaction under the pretext of recovering previous losses.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/170501
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 170501
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy