Recently, I delved into the study of Islamic principles of finance and realized something important that I had overlooked before. It turns out that trading futures is not just a speculative instrument, but an activity that contradicts the core teachings of Islam. I have decided to correct this in my activities.

Let's understand why futures trading is considered impermissible. First, there is gharar — excessive uncertainty. When you trade futures, you often sell assets that you do not yet own or that may not even exist at the time of contract conclusion. The Quran clearly states: do not devour each other's property unjustly, and conduct transactions by mutual consent. Futures contracts often violate this fairness due to their speculative nature.

The second point is maisir — gambling. Trading futures essentially resembles gambling, where profit is extracted from price fluctuations without actual ownership of the underlying asset. This is condemned in the Quran as the work of Satan. When I understood this, many things fell into place for me.

The third issue is riba — interest and usury. The financial mechanisms used in futures trading often include interest components, which are strictly prohibited in Islamic finance. This is considered exploitative and unjust.

Islamic scholars from various schools are unanimous on this. The Islamic Fiqh Academy of the Organization of Islamic Cooperation issued clear resolutions declaring futures trading haram. Renowned scholars like Sheikh Yusuf al-Qaradawi and Sheikh Muhammad Taqi Usmani have explained in detail why this activity is impermissible.

After careful reflection, I made a decision: from today onward, I will not publish any posts on my page about futures trading, selling assets, or future speculative deals. Thanks to several brothers and sisters here who pointed out these contradictions to me. It was an important spiritual turning point for me. Jazakumullahu khayran — may Allah reward you with goodness.