Is it permissible to trade in warrants and futures?
Question
Is it permissible to trade in warrants and futures as detailed in the following websites? (This actual website will be used to transact in these financial instruments) http://www.moneymax.co.za/sawarrants/displayarticles.asp?ArticleID=298402&Ti cker= http://www.moneymax.co.za/sawarrants/displayarticles.asp?ArticleID=298030&Ti cker=
Answer
It is not permissible to trade in warrants and futures as it involves Gharar (uncertainty) and Qimaar (gambling)
and Allah Ta'ala Knows Best
Mufti Ebrahim Desai
- Answered by
- Mufti Ebrahim Desai
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