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Question On Shari’I Compliance Of CFD Trading With A Prop Firm
As-salamu alaykum wa rahmatullahi wa barakatuh,
I seek your guidance regarding the Shari’ah compliance (Halal status) of trading CFDs (Contract for Difference) on Gold (XAU/USD) and Forex through a Proprietary Trading Firm (Prop Firm).
We are operating under a strictly defined and transparent set of rules to ensure the activity is compliant. The rules are clear and public; there are no hidden charges, hidden interest, or concealed terms.
Trading Compliance Conditions:Elimination of Riba (Interest): The account used is explicitly Swap-Free or Islamic, guaranteeing that no Riba (interest) is paid or charged for holding positions overnight.
Gambling Prohibition: Trading is purely a professional activity based on proper analysis and risk management (Stop-Loss/Take-Profit). Over-trading is strictly prohibited to avoid the element of Qumar (gambling).
Low Leverage: The maximum leverage is limited to a low ratio of 1:20.
Given this precise structure, where the element of Riba is removed, the activity is based on analysis and defined rules, and leverage is kept low, kindly answer clear is CFD trading considered Halal according to Islamic principles?
Jazakum Allahu Khayran.Gemini can make mistake
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Question On Shari’I Compliance Of CFD Trading With A Prop Firm
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