Fatwa ID: 09151
Answered by Muftiyah Humairah Badshah
Question:
i have been doing and learning trading from the last 4 years. I have been active working hard to master it but now somehow i came to know that its haram just because of CFDS. My question is that i have worked a lot in reading those charts and even if its CFD i am Analyzing the live gold market so possession shouldn’t be that type of a problem. My whole source of earning depends on it, What should i do
In the name of Allah, the Most Gracious, the Most Merciful
Answer:
CFDs are prohibited, so you must find alternative employment as soon as possible.
A CFD (contract for difference) is a prohibited financial instrument. This is because a CFD is simply a bet on the future price of an asset with no ownership of the asset at all.[1] This is gambling, which is prohibited.[1]
When it comes to employment, the permissibility depends on the actual work done: directly performing a sin is not permissible, but any work which is not forbidden in and of itself is permissible.[2] For example, you cannot sell alcohol or musical instruments, but you can sell grapes which can used be to make wine or wood which can be used to make instruments even if you know these things will likely be used for sin.[2] Similarly it is permissible to be hired to write poetry and lyrics even if one knows they will be used for sinful music, as the act of writing poetry is not forbidden.[2] Other examples include the permissibility of renting out the building to someone who will worship other than Allah (ﷻ) inside of it, and the permissibility of being hired to build or repair a church or likewise, because there is no sin the work itself.[2]
Since CFDs are prohibited, any work which would constitute a direct involvement in this sin is not permissible, such as transacting in CFDs or encouraging others to do so. However, if your work can be limited to solely analysing the live gold market in a way where your output could be used for permissible or impermissible purposes, this would be permissible as the work itself is permissible.
You must request reassignment or find alternative employment as soon as possible if your employers request that you involve yourself directly in impermissible acts. However, even if the work you perform for organisations which are involved in impermissible activities is of a permissible nature, it would certainly not be recommended.
Allah (swt) says: “Help each other in righteousness and piety, and do not help each other in sin and aggression. And fear Allah; indeed, Allah is severe in penalty.” [5:2] [3]
Therefore, you should avoid such work wherever possible and seek out work with a different department or company. Not only would you be making a less negative impact on the world around you, but your own earnings would, insha’Allah, contain more blessings.
Only Allah ﷻ knows best.
Written by Muftiyah Humairah Badshah
Checked and approved by Mufti Mohammed Tosir Miah
Darul Ifta Birmingham
References:
[1]
الْقِمَارَ مِنْ الْقَمَرِ الَّذِي يَزْدَادُ تَارَةً وَيَنْقُصُ أُخْرَى، وَسُمِّيَ الْقِمَارُ قِمَارًا لِأَنَّ كُلَّ وَاحِدٍ مِنْ الْمُقَامِرَيْنِ مِمَّنْ يَجُوزُ أَنْ يَذْهَبَ مَالُهُ إلَى صَاحِبِهِ، وَيَجُوزُ أَنْ يَسْتَفِيدَ مَالَ صَاحِبِهِ وَهُوَ حَرَامٌ بِالنَّصِّ
Radd Al-Muhtaar (Halabi ed., Daar Al-Fikr, https://shamela.ws) v.6 p.403
الْقِمَارِ) هُوَ الْمُرَاهَنَةُ كَمَا فِي الْقَامُوسِ، وَفِيهِ الْمُرَاهَنَةُ، وَالرِّهَانُ الْمُخَاطَرَةُ
وَحَاصِلُهُ أَنَّهُ تَمْلِيكٌ عَلَى سَبِيلِ الْمُخَاطَرَةِ. وَلَمَّا كَانَتْ هَذِهِ تَمْلِيكَاتٌ لِلْحَالِ لَمْ يَصِحَّ تَعْلِيقُهَا بِالْخَطَرِ لِوُجُودِ مَعْنَى الْقِمَارِ
Radd Al-Muhtaar (Halabi ed., Daar Al-Fikr, https://shamela.ws) v.5 p.257
https://www.investopedia.com/articles/stocks/09/trade-a-cfd.asp
[2]
عَلَى هَذَا يُخَرَّجُ الِاسْتِئْجَارُ عَلَى الْمَعَاصِي أَنَّهُ لَا يَصِحُّ لِأَنَّهُ اسْتِئْجَارٌ عَلَى مَنْفَعَةٍ غَيْرِ مَقْدُورَةِ الِاسْتِيفَاءِ شَرْعًا كَاسْتِئْجَارِ الْإِنْسَانِ لِلَّعِبِ وَاللَّهْوِ، وَكَاسْتِئْجَارِ الْمُغَنِّيَةِ، وَالنَّائِحَةِ لِلْغِنَاءِ، وَالنَّوْحِ بِخِلَافِ الِاسْتِئْجَارِ لِكِتَابَةِ الْغِنَاءِ وَالنَّوْحِ أَنَّهُ جَائِزٌ؛ لِأَنَّ الْمَمْنُوعَ عَنْهُ نَفْسُ الْغِنَاءِ، وَالنَّوْحِ لَا كِتَابَتُهُمَا وَكَذَا لَوْ اسْتَأْجَرَ رَجُلًا لِيَقْتُلَ لَهُ رَجُلًا أَوْ لِيَسْجُنَهُ أَوْ لِيَضْرِبَهُ ظُلْمًا وَكَذَا كُلُّ إجَارَةٍ وَقَعَتْ لِمَظْلَمَةٍ؛ لِأَنَّهُ اسْتِئْجَارٌ لِفِعْلِ الْمَعْصِيَةِ فَلَا يَكُونُ الْمَعْقُودُ عَلَيْهِ مَقْدُورَ الِاسْتِيفَاءِ شَرْعًا
Badaai’ Al-Sanaai’ (Daar Al-Kutub Al-‘Ilmiyyah, https://shamela.ws) v.4 p.189
كْرَهُ بَيْعُ السِّلَاحِ مِنْ أَهْلِ الْبَغْيِ وَفِي عَسَاكِرِهِمْ؛ لِأَنَّهُ إعَانَةٌ لَهُمْ عَلَى الْمَعْصِيَةِ، وَلَا يُكْرَهُ بَيْعُ مَا يُتَّخَذُ مِنْهُ السِّلَاحُ كَالْحَدِيدِ وَنَحْوِهِ؛ لِأَنَّهُ لَا يَصِيرُ سِلَاحًا إلَّا بِالْعَمَلِ وَنَظِيرُهُ أَنَّهُ يُكْرَهُ بَيْعُ الْمَزَامِيرِ، وَلَا يُكْرَهُ بَيْعُ مَا يُتَّخَذُ مِنْهُ الْمِزْمَارُ، وَهُوَ الْخَشَبُ وَالْقَصَبُ، وَكَذَا بَيْعُ الْخَمْرِ بَاطِلٌ، وَلَا يَبْطُلُ بَيْعُ مَا يُتَّخَذُ مِنْهُ، وَهُوَ الْعِنَبُ كَذَا هَذَا وَاَللَّهُ عز و جل أَعْلَمُ.
Badaai’ Al-Sanaai’ (Daar Al-Kutub Al-‘Ilmiyyah, https://shamela.ws) v.7 p.132
(وَ) جَازَ (بَيْعُ عَصِيرِ) عِنَبٍ (مِمَّنْ) يُعْلَمُ أَنَّهُ (يَتَّخِذُهُ خَمْرًا) لِأَنَّ الْمَعْصِيَةَ لَا تَقُومُ بِعَيْنِهِ بَلْ بَعْدَ تَغَيُّرِهِ
…
وَقَدَّمْنَا ثَمَّةَ مَعْزِيًّا لِلنَّهْرِ أَنَّ مَا قَامَتْ الْمَعْصِيَةُ بِعَيْنِهِ يُكْرَهُ بَيْعُهُ تَحْرِيمًا وَإِلَّا فَتَنْزِيهًا. فَلْيُحْفَظْ تَوْفِيقًا.(وَ) جَازَ تَعْمِيرُ كَنِيسَةٍ وَ (حَمْلُ خَمْرِ ذِمِّيٍّ) بِنَفْسِهِ أَوْ دَابَّتِهِ (بِأَجْرٍ)
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وَعُلِمَ مِنْ هَذَا أَنَّهُ لَا يُكْرَهُ بَيْعُ مَا لَمْ تَقُمْ الْمَعْصِيَةُ بِهِ كَبَيْعِ الْجَارِيَةِ الْمُغَنِّيَةِ وَالْكَبْشِ النَّطُوحِ وَالْحَمَامَةِ الطَّيَّارَةِ وَالْعَصِيرِ وَالْخَشَبِ مِمَّنْ يُتَّخَذَ مِنْهُ الْمَعَازِفُ
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(قَوْلُهُ وَجَازَ تَعْمِيرُ كَنِيسَةٍ) قَالَ فِي الْخَانِيَّةِ: وَلَوْ آجَرَ نَفْسَهُ لِيَعْمَلَ فِي الْكَنِيسَةِ وَيُعَمِّرَهَا لَا بَأْسَ بِهِ لِأَنَّهُ لَا مَعْصِيَةَ فِي عَيْنِ الْعَمَلِ
Radd Al-Muhtaar (Halabi ed., Daar Al-Fikr, https://shamela.ws) v.6 p.391
وَلَهُ أَنَّ الْإِجَارَةَ عَلَى الْحَمْلِ وَهُوَ لَيْسَ بِمَعْصِيَةٍ، وَلَا سَبَبَ لَهَا وَإِنَّمَا تَحْصُلُ الْمَعْصِيَةُ بِفِعْلِ فَاعِلٍ مُخْتَارٍ، وَلَيْسَ الشُّرْبُ مِنْ ضَرُورَاتِ الْحَمْلِ، لِأَنَّ حَمْلَهَا قَدْ يَكُونُ لِلْإِرَاقَةِ أَوْ لِلتَّخْلِيلِ، فَصَارَ كَمَا إذَا اسْتَأْجَرَهُ لِعَصْرِ الْعِنَبِ أَوْ قَطْعِهِ وَالْحَدِيثُ مَحْمُولٌ عَلَى الْحَمْلِ الْمَقْرُونِ بِقَصْدِ الْمَعْصِيَةِ
…
(قَوْلُهُ وَجَازَ إجَارَةُ بَيْتٍ إلَخْ) هَذَا عِنْدَهُ أَيْضًا لِأَنَّ الْإِجَارَةَ عَلَى مَنْفَعَةِ الْبَيْتِ، وَلِهَذَا يَجِبُ الْأَجْرُ بِمُجَرَّدِ التَّسْلِيمِ، وَلَا مَعْصِيَةَ فِيهِ وَإِنَّمَا الْمَعْصِيَةُ بِفِعْلِ الْمُسْتَأْجِرِ وَهُوَ مُخْتَارٌ فَيَنْقَطِعُ نِسْبِيَّتُهُ عَنْهُ، فَصَارَ كَبَيْعِ الْجَارِيَةِ مِمَّنْ لَا يَسْتَبْرِئُهَا أَوْ يَأْتِيهَا مِنْ دُبُرٍ وَبَيْعِ الْغُلَامِ مِنْ لُوطِيٍّ وَالدَّلِيلُ عَلَيْهِ أَنَّهُ لَوْ آجَرَهُ لِلسُّكْنَى جَازَ وَهُوَ لَا بُدَّ لَهُ مِنْ عِبَادَتِهِ فِيهِ
Radd Al-Muhtaar (Halabi ed., Daar Al-Fikr, https://shamela.ws) v.6 p.392
[3]
وَتَعَاوَنُوا۟ عَلَى ٱلْبِرِّ وَٱلتَّقْوَىٰ ۖ وَلَا تَعَاوَنُوا۟ عَلَى ٱلْإِثْمِ وَٱلْعُدْوَٰنِ ۚ وَٱتَّقُوا۟ ٱللَّهَ ۖ إِنَّ ٱللَّهَ شَدِيدُ ٱلْعِقَابِ
Surah Al-Ma’idah [5:2]