Published 12 years ago
Last updated 9 years ago
Q: A cousin of mine is inquiring if the following investment, which is in the market, permissible?
http://www.igmarkets.co.za/cfd/binary-example.html
A: This is one form of gambling. Hence it is impermissible.
يَا أَيُّهَا الَّذِينَ آمَنُوا إِنَّمَا الْخَمْرُ وَالْمَيْسِرُ وَالْأَنصَابُ وَالْأَزْلَامُ رِجْسٌ مِّنْ عَمَلِ الشَّيْطَانِ فَاجْتَنِبُوهُ لَعَلَّكُمْ تُفْلِحُونَ ﴿المائدة: ٩٠﴾
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