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Crypto Futures & Gambling (Maysir), Clarification Needed
Assalamu alaikum,
I’m trying to understand where crypto futures trading stands on the gambling (maysir) question.
Context: futures involve no possession of the underlying asset — you’re speculating on price via a contract. Some argue this is maysir since it’s a bet on direction; others say skill-based analysis (not random guessing) shifts it out of gambling, similar to normal business risk.
My questions:
1. Is there a recognized threshold — research, risk management, track record — that separates “informed speculation” from gambling in Islamic law?
2. Does leverage make a trade closer to gambling on its own, separate from any Riba concern?
3. Mufti Taqi Usmani’s stricter view questions whether crypto itself qualifies as valid property (mal) — does that affect the maysir ruling independently, or are these two separate issues?
A comparison to existing rulings on forex CFDs would help too.
JazakAllah khair.
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Crypto Futures & Gambling (Maysir), Clarification Needed
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