Is it permissible to receive money in cash from virtual money trading competitions, or to accept it as money in a trading account without using the margin system?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Trading currencies involves many -related caveats, and it is more problematic than other forms of selling. As for the competition mentioned, we have no knowledge of it. The basic principle is to prohibit stipulating compensation for a race in anything other than what is explicitly stated in the texts or what falls under their meaning. What you have mentioned is neither explicitly stated nor does it fall under the meaning of what is stated. Therefore, engaging in such a competition is forbidden.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/116364
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 116364
- 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