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Trading In IQ Option Application
Is trading through IQ Option Application is Halal or it lie in Sood ?
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10 Replies
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Trading In IQ Option Application
updated 4 years, 4 months ago
3 Members
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10
Replies
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Salam it depends on what instrument and symbol you are trading
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Stock trading related discussion here: Discussion 2364
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Prize bonds and bonds in general: Discussion 3769
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Let us know what type of financial instruments you like to trade in IQ App. Thanks
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For sood/riba, the key thing to remember is that it can only occur in a loan transaction. Other than riba, transactions can also have other elements of immortality, and we should refrain from them in that case.
What kind of immortality do you see in stock trading in general? Also why did you specifically ask about IQ Option? I’m very familiar with trading in general but I have no knowledge of IQ Option.
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In IQ Option we just invest money n than we lose or gain some profit, but many of the Muslim scholars having opinion that it’s something like Gambling (Juwa).
It’s totally online we just put money n than gain or lose.
I wana get the opinion of Ustad Javed Ahmad Ghamidi on this matter.
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There are some Screenshots of IQ Option Application.
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If you are in U.S try Robinhood, I like the app better for stock trading
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Trading is a skill and when done correctly, it takes a lot of research and effort. There is nothing wrong in trading stocks – it’s not any different than buying a piece of land in order to sell it for profit. However, when done blindly and without proper understanding, or with non-serious intention, it can cross the boundaries to become gambling. And so can buying and selling land or any other assets.
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