What is the ruling on trading oil through the global stock exchange by tracking its prices via charts without actually seeing it?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
Trading oil on the international stock exchange is permissible if the involved parties adhere to the regulations regarding buying and selling. Purchasing an absent commodity is permissible according to the preponderant opinion, provided it is described in a way that removes ambiguity. However, there are numerous prohibitions in trading on the international stock exchange.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/85255
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 85255
- 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