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Prop Firms
Assalamualaikum. Proprietary firms give you funded accounts to trade and those funded accounts are actually demo accounts with no actual money involved. Just like a game, if you play good you will get money, if you play bad you will lose the demo account. Is it halal or haram? Next thing, these firms involved in interest as well. But I heard we can get the salary from company even if its involved in some wrong thing. JAZAKALLAH for your time, your kind response is required for the same.
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1 Reply
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Prop Firms
updated 1 day, 9 hours ago
2 Members
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I’m all such matters one should see if the transaction involves anything unethical or deception or intention to harm, if not then it is lawful.
Interest is only in the matter of loan. An addition to loan is called Riba or interest.
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