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Forum Forum IBF Net Classics Salam and Commodity Futures

  • Salam and Commodity Futures

  • Mohammed Obaidullah

    Administrator
    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

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