Is option trading halal?
بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم
In the name of Allah, the Most Gracious, the Most Merciful
Option tradings are not permissible as they are based on uncertain future events (gharar) and gambling. The Prophet SAW forbade transactions determined by throwing stones and transactions which involve uncertainty.
Only Allah knows best
Written by Maulana Shadman Ahmed
Checked and approved by Mufti Mohammed Tosir Miah
Darul Ifta Birmingham