Tag Archives: Binary Options Tadawul Index

Binary Options Islam

Since I have no prior knowledge of the Quran I have collected information regarding Islamic law or Shariah from various Islamic sources and attempted to reach a conclusion about binary options being Halal (permissible) or Haram (Banned). The two main arguments Islamic religious authorities had against binary options trading are as follows: 1. According to Mufti Ikram ul Haq from the Fatwa Center of America binary options (all or nothing digital options) trading is Haram because it involves a large degree of uncertainty (risk in financial terms). In the Shariah this is called  “Gharar” and is prohibited. 2. Muslims are not allowed to …

Trading Binary Options on the Weekends: Risks, Gains, and Strategies

What are some of the advantages of trading binary options over the weekend? First of all the flexibility it allows you to have is unparalleled. For example, what if you want to focus doing research on stock performance and improving your trading tools and charting on Thursday? Will this have to come on account of the days that are actually available for trading? Not really! These days you don’t have to worry much about missing a trading day on account of research having to be done. In other words, you have the option of just getting more done! And that’s …