Fatwa #3437630 October 2015United Kingdom
Binary options and forex trading are not Shariah Compliant
Question
I know binary options are imperssible, however to invest your money in third party such as an individual trader or an investment organisation who trade with forex and binary options, and then me personally expect a fixed return on a monthly basis from them as a source of income, would such an act be acceptable under the laws of sharia?
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh
Binary options and forex trading are not Shariah Compliant. Therefore the income earned from such investments via third party agents will be impermissible and not Shariah Compliant.
And Allah Ta’āla Knows Best
Ismail Desai,
Darul Iftaa
Checked and Approved,
Mufti Ebrahim Desai.