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CFDs Vs Gambling
Assalam Alaikum, In Previously Asked Questions You Declared That It Is Permissible To Trade CFDs of Forex If Riba Is Not Involved, My Question Is The, Does CFDs resemble with gambling, because in a cfd you aren’t owning any currency, you are essentially entering in to the contract to exchange the difference between the opening price of currency and closing price of the currency, there is nothing to deal with ownership, isn’t it gambling?
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1 Reply
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CFDs Vs Gambling
updated 10 months, 2 weeks ago
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Please watch this video, it may help understand the principle
https://www.facebook.com/watch/?v=1345562486117633&vanity=javedahmadghamidi
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