Back to search
The question

What is the ruling on commercial trading on the "Big Option" website, where the amount deposited in the account continuously increases, and is the profit resulting from this investment unlawful, especially after converting to an Islamic account to ensure there are no usurious increments?

Share this answer

Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

The true nature of the website's transactions is not clear to us; therefore, we cannot issue a ruling on it. Furthermore, its claim of being Islamic holds no weight unless its actual transactions are indeed so. If the participant pays money and receives a guaranteed fixed profit, then this is impermissible, just as binary options are forbidden. Therefore, it is necessary to ascertain the true nature of the website's transactions and whether they comply with regulations.

Summarized from the full answer at Ftawy · imported

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
159972
Imported
Translation status
Source text, unreviewed
Read the full ruling
Read the full answer on Ftawy