What is the ruling on binary options trading? Is it permissible or forbidden? And what is the difference between it and Forex?
Binary options contracts are impermissible and it is not permissible to deal in them. A resolution to this effect has been issued by the Islamic Fiqh Academy.
As for the Forex system, it has various types, and we have previously clarified its ruling.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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