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Issues Surrounding Interest, Mortgage And Futures Trading
Dear Sir,Circumstances;I’m a trainee Chartered Accountant living in Pakistan. I want to leave it for good to stay away from corruption and all the vices we have here in professional life. I wanna move to the US or any other country with stability and security of life. But if I move there and start my life afresh I have to go to banks for the mortgage of the house and for capital to open up my firm to retain independence from financial institutions. But I don’t wanna get indulge in riba based transactions.What can I do?Can I do futures trading in cryptocurrency with low leverage that involves gharar (that is much less sin than riba) to gather up capital up to 300-500k dollars. Given my financial expertise, I can design an algorithm to do so in 1-2 years. After that I wanna use that money as an interest free loan, buy a house and start my business and after that to give that capital money in charity without any intention for reward from Allah?Given that;I will do that to the amount mentioned Treat it as interest free loan for businessReturn that after getting established My basic intention is to stay away from banks and interest based loans and to retain my independence from financial institutions.
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2 Replies
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Issues Surrounding Interest, Mortgage And Futures Trading
updated 1 month, 1 week ago
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According to Ghamidi Sahab, there’s nothing wrong with buying a house on mortgage. There is no element of Riba in it.
Secondly, In Ghamidi sahab’s understanding of Islam, lending money on interest is strictly prohibited, however, it’s not impermissible to borrow money on interest. Please refer to the following video:
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For futures trading please see:
For leverage trading please see:
Please also see:
ask.ghamidi.org
Crypto Futures Trading - Ask Ghamidi
We know about the opinion of Ghamidi sb on Crypto trading in general but I wanna ask about the Future Trading method in Crypto. Is it a sort of gambling?
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