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Fatwa #3660019 August 2016Malaysia

CFD Trading

Question

Assalamualaikum. My question is regarding CFD (yes, I'm aware of your answers provided by askimam.org which asked by other)

Can you please have a look on link, where the platform does offer Islamic account which they claim that it follows sharia law.

Kindly please advise accordingly.

Thanks in advance.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuhu

The URL you have provided does not exist currently. Nevertheless we have previously advised on the impermissibility of CFD Trading.

And Allah Ta’āla Knows Best

Ismail Desai,

Darul Iftaa

Checked and approved,

Mufti Ebrahim Desai

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