Fatwa #1457226 September 2006United Kingdom
My concern is regarding a financial trading business
Question
Asalaam.
My concern is regarding a financial trading business which becoming very popular . My doubt is that it might not be halal.
there is a web link of a bank which is offering it like many other banks. please check if it is right or wrong, as many women who are sitting whom are doing it. your answer will help them all from the helfire if this is wrong business.
it is called as fiancial spread. it is traded online upon various currencies and comodities.
web link for your reference is
tdwaterhousespreadbetting.co.uk
jazakallah.
Answer
Assalamu Alaikum Warahmatullah
Brother/Sister in Islam
Kindly give us a summary of the procedure and we will issue a ruling based on that.
And Allah Knows Best
Mufti Ebrahim Desai