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Is binary option trading halal?

1 vote
3 answers
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I want to know about binary option trading. In this trading a person predicts that if the currency goes up in the next 1 minute to 1 day, then one will buy and if one's prediction is correct one gets a percentage of profit on one's investment and vice versa in selling. The main thing is that there is a time for our prediction. For example, one might buy a currency in one rate predicting it goes up in the next 10 or 30 minutes, and if the market is above the purchased line within 10 to 30 minutes then one would win and get a profit. Is this halal in Islam?
Asked by user24304 (11 rep)
Sep 16, 2017, 05:22 AM
Last activity: Nov 23, 2018, 09:03 AM