Is it permissible to complete training and receive a salary at a company that deals with futures contracts, given that completing the training is essential for obtaining a university degree?
It is forbidden to deal in futures contracts, options contracts, and derivatives because the subject of the contract is not money, nor a usufruct, nor a financial right that can be compensated for. Additionally, they involve uncertainty () and gambling.
It is permissible to study forbidden contracts under two conditions: that the student possesses religious knowledge enabling them to distinguish between what is lawful and what is unlawful, and that they believe in the prohibition of what Allah has forbidden.
If the training is limited to theoretical study of these contracts without participating in their execution, then it is permissible and the salary is lawful. However, if the training involves participating in concluding or implementing these forbidden contracts, then it is a forbidden act and the salary received for it is unlawful, because it constitutes aiding in sin.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/21019
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 21019
- 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