Review, Reflect, Respond and Rebuild the Islamic Economy along with IBF Thought Leaders.
Create a forum or participate in an existing one on cutting-edge topics in IBF.

Forum › Forum › IBF Net Classics › Salam and Commodity Futures

  • IBF Net Classics

    Salam and Commodity Futures

    Posted by Deleted User on January 24, 2022 at 9:49 am

    Is commodity futures trading prohibited by the Islamic Shariah? The following reasons are usually offered.

    1. There is no exchange of physical goods.
    2. The goods are not produced yet.
    3. It involves predicting the future
    4. It involves hoarding, (holding the goods from the market until the prices go up to sell at profit)
    5. It is a type of insurance.
    6. It is a form of gambling.

    This discussion is part of IBF Net Classics.
    Access the original discussion here.

    Discussants:

    Ali AbdulKader
    Abdulkader Steven Thomas
    Mahmoud A. El-Gamal
    Muhammed-Shahid Ebrahim

    Deleted User replied 1 year ago 1 Member · 0 Replies
  • 0 Replies

Sorry, there were no replies found.

Reply

Reply to: Deleted User
Cancel
Your information:

Reply

Start of Discussion
0 of 0 replies June 2018
Now

Report

Harassment or bullying behavior
Contains mature or sensitive content
Contains misleading or false information
Contains abusive or derogatory content
Contains spam, fake content or potential malware

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • See blocked member's posts
  • Mention this member in posts
  • Add this member as a connection

Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

Report

You have already reported this .