Ask Ghamidi

A Community Driven Discussion Portal
To Ask, Answer, Share And Learn

Forums Forums General Discussions Second Contract Trading In Crypto

  • Second Contract Trading In Crypto

    Posted by Uzair Khalil on December 5, 2023 at 7:19 am

    Second-contract trading allows the investors to predict whether the price of a specific cryptocurrency would be high or low at the time of options expiry. In case if the investor can predict it right, he will be able to end up securing a higher profit. In case the investor fails to make the correct guess, he will end up losing the principal investment amount.

    Is there anything objectionable (Islamically) in it? On the surface, it looks like gambling (predictions/guesses).

    Uzair Khalil replied 3 days, 15 hours ago 2 Members · 8 Replies
  • 8 Replies
  • Second Contract Trading In Crypto

    Uzair Khalil updated 3 days, 15 hours ago 2 Members · 8 Replies
  • Uzair Khalil

    Member May 14, 2024 at 9:27 pm

    Any response?

  • Dr. Irfan Shahzad

    Scholar May 15, 2024 at 4:35 am

    This is not gambling. Gambling is when you take others’ money with a guess, giving them nothing in return.

  • Uzair Khalil

    Member May 15, 2024 at 1:41 pm

    In this case also, the one losing (not making correct guess/prediction) is not getting anything. So how come its different from gambling?

  • Dr. Irfan Shahzad

    Scholar May 16, 2024 at 12:58 am

    You are not getting his money. This kind of guess more or less is always at work when you do business.

  • Uzair Khalil

    Member May 16, 2024 at 7:24 am

    Whose money am I getting then? Little confused.

  • Dr. Irfan Shahzad

    Scholar May 17, 2024 at 7:44 pm

    In business you get others money to give them something in return.

  • Dr. Irfan Shahzad

    Scholar May 17, 2024 at 7:48 pm

    @UmerQureshi may help.

  • Uzair Khalil

    Member May 18, 2024 at 5:21 am

    What is a person, losing in this scenario, getting? I am not able to understand your reply. My prediction/ guess was right so I made money and his was wrong so he lost his principal. What did I give him in return ?

You must be logged in to reply.
Login | Register