Is CFD Trading Halal or Haram?

[@AkhiTweet]

You’re providing an amazing service to Muslims around the world may Allah bless you in abundance

[@tristanjustice1071]

you prolly dont give a shit but does someone know of a tool to log back into an Instagram account?? I was stupid forgot my account password. I love any tips you can give me!

[@josephreece7387]

I will close my CFD account immediately. I thought it was halal because my broker said it was rated halal. I had a feeling it wasn't halal and you have confirmed this. JazakAllah Khair sir

[@tamimyaqubi8290]

i was searching in these days for CFD in Islam and fortunately i found your video that's to great and thanks a lot for explaining. just one suggestion my dear if you can avoid that music. May Allah bless you ❤

[@the1_1one7]

Thank you so much i used to trade for 2 years and unfortunately i used to ignore it to be haram but you explained in detail and now I understand it much better I'll stop it because its haram and i know Allah SWT will show me a halal way much much better ❤

[@umairtime]

Thanks for complete guidance.. I was planning to do this haram thing.. Thanks to ALMIGHTY ALLAH AND special thanks to you brother... you hold my hands and save me

[@felreizmeshinca7459]

Jazakallahu khayran for the explanation. That analogy of someone makes a "contract" with another person to bet on the temperature tomorrow is easy to understand.

[@NassaKB]

Im a casual investor and have this video on my favorites because I find myself watching it every few months so that I do not fall into sinful trading. It is very tempting to just leverage a stock with a CFD, especially when you see great returns. But this video and Allah blessings acts as a reminder. Thank you for the constant reminder.

[@practicalislamicfinance]

My pleasure … your comment means a lot to me

[@boris354]

I'm not a muslim, but that was insightful.

[@Theimranul]

Loads of love and respect for you my dear brother Rakaan from Chittagong,Bangladesh

[@abdelfattah1613]

Barakalaho fik brother for the clarification, I did lost over €10000 in trading CFD's, and the worse is that i have borrowed the money and I'm married with 3 children and now because of that in a difficult financial situation. May allah forgive me and open to me a halal door.

[@dzryad7400]

Listen idiot when you lost it doesn't mean that it's haram What if you won? You will say that it's halal?

[@gffgg939]

Amine

[@abdurrashidmuhdnuhu8554]

Jazakhallahu bi khair

[@mabdulazimfadil]

Jazak Allahu Khayran!

[@abuomar2981]

Jazakallah khair dear brother. This Helped me getting out of cfd trading. May Allah swt strengthen our imaan and make it easy to work for an halal income.

[@denhafiz1860]

Thanks brother! May Allah bless all of us.

[@ThatGuyYas]

Halalness rating is Abu Jah’l 😂, may Allah bless you and grant you goodness

[@beno120]

Thanks you so much I am done with CFD

[@jahanmohamed2346]

I agree with you completely. I was trading in last couple years in cfd account. Then I searched and read some articles in internet. After that I have decided that cfd trading is Haram. So I close the cfd account. Now I have opened the invest account and buy the shares.

[@practicalislamicfinance]

Thanks for sharing Jahan. Props for changing course and sticking with investing.

[@AdrenalineRusher2008]

happy for u mr jahan ... may i ask where did u open the invest account ?

[@jahanmohamed2346]

@@AdrenalineRusher2008 I'm from Srilanka so I was able to open an invest account through trading 212.

[@shasab9958]

Assalamu alaikum,I am new to this field, Could you pls give guidance for hallal investment and also pls tell commodity trading is allowed or not. Thank you

[@purewater514]

@@jahanmohamed2346 Salam, I'm really confused at the minute, could you please clarify the cfd issue: I just opened an etoro account with the intention to invest, it's is it permissible to do that on a cfd platform like etoro? ALLAH bless you

[@rajafaisaltariq]

thanks brother, i was bit confused but now i am clear, i am stopping CFD trading immediately

[@duedajr]

Barack Allah feek and jazak Allah keyr.

[@aoume05]

Thank you very much! May Allah reward you and Forgive all of us!

[@abdever2140]

Ameen

[@Unknown-nr5zu]

Mashallah, Good Information, Thanks.

[@ayesha7404]

Thank you so much for your detailed and logic backed explanation. I am still new to the stock market world and although its a fun and lucrative thing to learn about, unfortunately there are plenty of loopholes for us to fall into haram unknowingly.

[@yqc3789]

"This is textbook al maysir..... On a halalness rating from 1 to 10, I would give to CFDs a rating of Abu Jahal" I am dying!!! 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 On a serious note though, Allah y jazik bi elf kheir for all the informations you provide!

[@cesuray6899]

JazakAllah brother

[@FazalJiffrey]

Thank you for clarification

[@SamiaHaji-os7sq]

Jzk this was so helpful

[@mohdzulfarhanbinibrahim3510]

Thank your for this video, brother. Much appreciated.

[@Rockywrfc]

Thank you. ❤❤

[@dralshaer85]

Jazak Allah khair, well explained..

[@practicalislamicfinance]

Thanks Dr Mohammed

[@usmanimtiaz5806]

JazakAllah

[@user-FaisalHussaine]

Thanks very very much

[@hassanalmutari6524]

great . thank you . gazak allah khair .

[@numpangparkir]

Thank you for the explanation.

[@flayzcyber8465]

I love your channel akhi..much love from London

[@SaifAli96]

CFDs are a way for brokers to rip people off! By mistake I got into it very very briefly, glad I never looked back and happy with trading actual shares/underlying! Thanks again and hope you are having a blessed Ramadan!

[@practicalislamicfinance]

Couldn’t agree more! You too Saif

[@multientertainers]

Saif Ali if you do smartly you can gain but unfortunately it’s harm

[@SaifAli96]

@@multientertainers only if you are one of the 10% who do make money with CFDs. 90% of retail investors loose money with CFDs. That means the broker will make money 9/10 times!! Which is why brokers 90% of the time the brokers decide to take a position against you, cause they are damn sure you will lose.

[@multientertainers]

Saif Ali this means cfd is haram in Iq option

[@multientertainers]

What do you think

[@vitte_stinson562]

Thank you brother.

[@shahriladnan9244]

many thanks

[@ThriveWithLouise]

i knew it was haram, thats why i checked alhamdullilah jazaak allah khair for this video and may Allah bless you with success in this world and akhira, ameen... i think buying real stock is good, but this cfd they keep charging you an interest fee and you dont even own the stock doesnt make any sense to me. why charge and youre not even owning the stock, im happy to stick with buying real shares and selling...

[@xrenaissancen]

Thank you

[@impulsiveguys7599]

Well technically, forex trading is not betting. But I didn't know this about CFDs, time to trade spot

[@mubasharhassan1979]

ThankYou So Much! I Was really confused about this issue from last month. What about Crypto Spot Trading?

[@modmaliCrtzGang]

Interest is only charged when you hold onto a position overnight. Also, there are non swap islamic accounts akhi… in regards to your theory about it being like gambling i completely disagree. Gambling is based solely off of luck.. trading cfds requires market analysis and spotting trend

[@muzammilmuhamad8077]

i agreed that it is not gambling but still trading CFD. You do not own anything even though you pay for it thus make it haram.

[@modmaliCrtzGang]

@@muzammilmuhamad8077 brother that doesnt make sense

[@muzammilmuhamad8077]

@@modmaliCrtzGang Do you know that you do not own the assets/stocks when you're trading CFD? that's why it's haram.

[@modmaliCrtzGang]

@@muzammilmuhamad8077 how does that make it haram?

[@jibrankhan6875]

Shariah says... possess or own good before trading it with third party. CFD is just a calculated bet on moving prices of the asset, there is no actual trade of any asset happening in background. Therefore it violates the law of Shariah making it impermissible. But my question is... If NO ACTUAL TRADE OF AN ASSET is happening then how are people making money? There can't be equal number of buyers and sellers every time a cfd contract is purchased, to make the game zerosome... Were CFD's traded before online trading came into existence, on convention stock exchange???

[@adnanfastian]

i agree CFD is haram but not with your logic; even if we dont use leverage. The analysis one does to buy actual stocks is the same which he does on CFD. The main reason i think its not allowed is there is no exchange of actual asset. It is just betting on price movement and when you gain tehre is 100% someone is losing. Which is not true with buying actual asset. When you sell the actual asset you either gain or lose so there is no other party involved which has lost on your gain. But the other party now gets into a risk of losing in future or even gaining in future. So summary point is not the bet but the non existence of transfer of asset. If in CFD we introduce a settlement date by which who ever holds the position gets the actual asset then it is totally legal since one is buying the underlying asset eventually.

[@sarabouh3140]

Where I can trad gold commodity without cfd

[@purewater514]

I thought if I don't use leverage I'll be holding the real asset therefore it is halal? Please explain.

[@rahat8958]

Hi, I was unaware of this, I invested £200 into CRSR and my balance on CFD account on Trading212 is now £700. What shall I do with the profit?? CRSR is a gaming company and I did the research beforehand to to know that the price will go up before I invested.

[@mo9204]

Now you know CFD is haram, you better stop and anything you made prior to this video is halal for to reinvent into halal stock and use as you wish. Allah is merciful.

[@m_alpha7744]

@@mo9204 I disagree, I’ve been told if u are now aware, you should use your profits to give them to charity as this is now money made in haram ways... I recommend u ask someone with more knowledge and expertise

[@mikailkhan3862]

Best Video. Thank you for explaining it so beautifully :)

[@practicalislamicfinance]

My pleasure glad you found it useful

[@abdever2140]

Is the swap free cfd or so called Islamic cfds are halal or they are all haram?

[@MarwaneElMoufaoued]

But risk exists in every business. If i want to open a fast food, there's a risk because I don't know if it is going to work, and so there's a risk...

[@Movirix]

Still there is no chance to go to zero you can sell with a loss Same as crypto spot and shares

[@AbidHussain-dr6dl]

But risk of loss exist even in stocks trading as well and the interest involved in the stocks as the companies takes the loans and save the amount in the banks. Loss can be managed through the stop loss.

[@practicalislamicfinance]

that's not the point. rewatch.

[@AbidHussain-dr6dl]

@Practical Islamic Finance what is the point could you please elaborate as I am not convinced the answer

[@Haydarah313]

what system for day trading I can use and halal brother, I lost a lost of money in CFD , I did not it is haram wallah., i spent a lot of time and money learning day trading, is there a halal broker i can use?

[@khalidseedat8404]

Quick question can we invest in fractional shares

[@medeonlive3841]

Can someone tell me an halal broker to invest in halal stocks,? Please guide me ! I know how to work but don't know wich broker ?

[@waryaballan9077]

Isnt the price based on charts and patterns rather than pure speculation?

[@junaidjalilqureshi]

Do you know if futures are considered CFDs?

[@mikebrown354]

But isn't trading stock & shares also a Zero sum game?

[@majidkhanmajidkhan256]

Not because you gain profit by Company good or bad not people

[@karimkhelifaoui113]

my only qustion is what can i trade for example to be in halal condition ?

[@kashifali-ug1yk]

Halal stocks but not day trading . Swing trading .. better to hold longer and cannot sell until you receive.. no short selling

[@jzzrizzkool]

you don’t hold the asset it’s pretty much like gambling even though when you have so called skills

[@AdrenalineRusher2008]

gr8 vid sir ... keep it up may i ask about an Ecn account halal or haram ?

[@Blackridge.]

Salam alaykom, brother please make special videos on these last 10 days of ramadan. Thank you and jazak Allah khair💐

[@thetraderkodi8941]

Sir plz make a video on Can we use Technical analysis to buy a stock will it be halal ?

[@CreativeAffiliate]

Assalamu alaikum. i have one doubt. forex cfd underlying assest halal or haram. please reply me.

[@TheHadeelMohammad]

Great video MashAllah thank you so much for sharing your insight with us brother! May I ask Ive been on a trading platform where you can buy or sell bitcoin with x3, x10 x100 multiplier is this also considered as a CFD?

[@usmanimtiaz5806]

How about youtube earning in islam, i think you’re account is monetized, is that halal? Appreciate your advice, thanks

[@reaperxsamadyt]

is it halal to trade spot cfds please tell me

[@sufyansaif2447]

Please let me know which are the brokers who provide Islamic account and do not have CFDS trading.

[@n.x.b.l]

Can u make a video on profitable side hustles

[@sikanderamin6096]

CFD means Futures trading ?

[@ahmad-surchi]

Thank you so much for the insight, I have a few questions here: I currently am using a CFD broker buying/selling stocks (halal stocks ofc) based on the fact that my broker in Iraq told me that I’ve opened a halal account The only reason why I’m not switching to a platform of buying/selling shares instead of CFDs is because there’s no platform in my country providing that service I’m waiting until I have enough cash and will open an account abroad (to cover for the expense of traveling there annually) Do you think it’s ok if I meanwhile carry on trading this way? As I have no options and I want to make a living through trading stocks

[@ariqkamil571]

have you heard "Go trade" platform?

[@osama2971]

Honored brother, what allah has in store is better, have patience and find halal alternatives, haram money will never bring benefit.

[@muzammilmuhamad8077]

as long as your trade involve CFD, it is haram. There is no such thing as halal CFD

[@iabdlrhmn]

On halalness rating from 1 to 10 I would give CFD's a rating of abu-gahl 😂😂😂😂😂 thx bro for this valuable content Follow u from Egypt ❤

[@practicalislamicfinance]

My pleasure

[@gamedollar8465]

Is forex cfds halal if i avoid both interest and excessive risk taking, with i hold the asset in my trading account?

[@practicalislamicfinance]

No, see my video no CFDs as well.

[@madripurn123]

@@practicalislamicfinance "No" it's just your opinion, not acceptable factually as there's gonna appear more of a different logics and facts to prove in, you're not the always correct one.

[@mfmsanneh6]

What does the acronym CFD stands for please?

[@practicalislamicfinance]

Contract for difference

[@mfmsanneh6]

@@practicalislamicfinance Thanks a lot the swift response...

[@muhammadbilalb7636]

Brother thank you for this video, I just would like to know what is the difference between M1 Finance and Etoro both deal in CFD Stocks? is Etoro Halal if use without any leverage and only buy for long-term? Actually i am confused about this CFD because all the brokers deals in CFD please clarify thank you.

[@mzosama]

Trading shares without leverage is halal. Whenever, you use leverage, then such shares are considered as CFD. Even if the broker offers no interest on the leverage taken, the moment you opt for leverage, the transaction is considered as CFD and the assets are not transferred in your name.

[@Atakan_Abi]

Is binary options trading with Crypto and Dollars halal? without Fees and without interest, without leverage and without margent.

[@sevgimnurcheski3212]

bro everything is risky in this world need just balance noting more, amd if you bought some gold or silver you can also lose your value of money, this is same fith cfd maybe you not have physical but some banks or broker who own this commodity give you a contract to make trading.

[@amirzayid2164]

I read somewhere that it is ok to use a broker that does not require any kind of interest on an account while trading CFDs. So if i don't pay any interest on the leverage, then is trading CFD ok?

[@practicalislamicfinance]

"I read somewhere" is not a good source. Avoid CFDs always.

[@SaadArshad17]

Cfd trading is not just a zero sum game. It’s more than that. You are not just betting.

[@practicalislamicfinance]

Which is what

[@SaadArshad17]

@@practicalislamicfinance it’s more like how you treat trading like business or gambling. The main thing one should avoid in trading is interest transactions. And treat trading like business. Trading is a skill.

[@deliatortogo193]

How I send the money

[@multientertainers]

I don’t why iq option is legal then it is complete cfd is harm

[@HK-wj5pt]

Is it halal to invest in companies like square?

[@hishamanwar8610]

assalam brother..at malaysia we have halal way for futures market....how about at australia..do you know how to open account in halal way?

[@bravely88]

what is ? I'm from Indonesia

[@gamedollar8465]

The permissibility of trading CFDs on commodities within Islamic finance can be a matter of interpretation and different opinions may exist among Islamic scholars. Some scholars argue that as long as the trading is based on real market prices and does not involve any prohibited elements such as interest (riba) or excessive uncertainty (gharar), it can be permissible. Is it true?

[@practicalislamicfinance]

No

[@MuhammadIsMuslim]

Assalam aleikoum brother I'm from France and have a question please: is stop-loss halal or haram on daily trading so that we can buy lower, thanks in advance.

[@poncobn3362]

How about forex pairs trading, like eur/usd and others ? Is it also haram? How about xau/usd (gold/usd) I found from many sources that forex pairs trading like eur/usd and others is a real trading; while xau/usd and other commodities is CFD. Stiil confused about CFD. Please enlightent me

[@memonm786]

Jzk khair. This would make Options trading haram as well right? Both are leveraged, creating risk and no benefit.. is that correct?

[@araara-cn4es]

is trading halal if I use no margin and a 1:1 leverage and not cfd? and I trade forex so short selling is halal because when I sell usd/jpy I also go long on jpy so its going always to be long. Is this halal?

[@SRK-Deaf]

Is binary options halal? Example iq option or binamo option or expertoption?

[@koloksushi6750]

Binary option is haram, my friend.

[@norhilmiarif5475]

Have subtitles because I be understanding

[@wocilradix]

How about CFD on Fractional Stocks? Many people want to invest on giant companies because they can easily follow the news and trends rather than the small ones. But the problem is, the price are crazy high for every single share.... Is it any workoarund this in halal way? Please respond sir... It's very important for me

[@mzosama]

Many brokers offers fractional shares but if you buy those fractional shares with leverage then it is considered as CFD and its is haram as the broker did not transfer the shares in your name.

[@Shuaib1431]

What if you use CFDs for hedging risk (www.contracts-for-difference.com/strategies/CFDs-hedge.html) instead of speculating on price. Just like how you can use a protective put option for hedging risk. Would it be halal then?

[@sharoseshiekh5680]

Hi brother Thanks for sharing such insightful content Is there a way to talk to you personally kindly let me know

[@nazia193]

Is htfox halal ??

[@omarfarique6304]

Salam Awlikum brother if we take the conditions to identify a Maisir to be a creation of risk with no value created then wouldn't it be halal for a person to create a company which is a casino where only rich people can enter and the profit is donated to the poor?

[@practicalislamicfinance]

Walaykum Salam Omar, where the proceeds of maysir are used has no effect on its prohibition.

[@omarfarique6304]

@@practicalislamicfinance Sorry brother I don't understand what you mean

[@Shuaib1431]

@@omarfarique6304 if an activity is haram, it is haram even if the profit is used for a halal purpose such as giving charity.

[@omarfarique6304]

@@Shuaib1431 No brother that is not my question. I know that running a casino is haram but I am asking regarding the definition in identifying a Maysir. So we know that casino is considered as Maysir however if we are to say that the conditions to identify a Maysir are 1) New risk created 2) No value created Then using these definition it suggests that running a casino is not Maysir as new risk is created but value is created as well as the money is donated to the poor.

[@yunusomar7573]

Assalam Aleikum brother, i am really intrested in stock trading i am from africa i would love to know stock so i can be able to help my family in this finacial times but in halal way.kindly please. have tried to reach out some few muslims brother who do video like you but its like no 1 wants to help. kindly consider. shukran and be blessed

[@mustafaalany8630]

I need help!!! Can I use my same FOREX platform to trade stocks? and why stocks on the platform like Coca-cola have a word CFD in front of it?

[@mustafaalany8630]

@Invest with Jahid thanks

[@diceblack7321]

is using broker halal or haram

[@tapboyz8366]

Where did you find the Qur'an translation? They're really clear! Great video!

[@YourLordIsOne]

Try the Clear Qur'an by Mustafa Khattab or the translation by Sahih International.

[@QuranForTheHearts]

is btcoin certificate halal? its not real bitcoin its like a share...

[@omarfarique6304]

Practical Islamic Finance have created a video about Bitcoin. It's explained in details and I think you should definitely check it out. I'll leave the link down below kzbin.info/www/bejne/lXmaamWQjpeJnMk

[@banone3273]

You can't call it maysir just because of those 2 things. 1.When you want to open a supermarket, you also create a risk, because you have to invest money and don't know, if your apples will sell or not. 2. It doesn't create any value. The customer loses 50dollars,when he buys a new chair for example, while you win 50 dollars. You are just making profits, if it sells, like in trading. If it doesn't sell, you lose like in trading. Your explanations are not convincing me until now. Opening a new supermarket, can't be haram right?

[@usmanattari313]

you make a point

[@MarwaneElMoufaoued]

Thank you brother ✨❤️

[@m.salahudeenhashemi]

I wish i could know 100% as the brothers are not applying todays method of trading.

[@Movirix]

He need that chair to use it More than that 50usd

[@avajames103]

Hi. I'm pretty new to the world of trading whatever i try, turns out it's haram. Is there anything that's halal in trading?

[@AkmalData]

as far as I know, trading is halal. There are Islamic swap-free accounts.