Futures Trading is Haram
This post is for educational purpose only. I don’t intend to start a debate on future trading as this Hadith is straightforward. Ibn Abbas (Allah be pleased with him) reported Messenger of Allah ﷺ as saying: He who buys food grain should not sell it until he has taken possession of it.
Classification : Authentic
References :
• Sahih Muslim, 1525a
• Sahih Muslim, Vol. 4, Book of Transactions, Hadith 3640
• Sahih Muslim, Book of Transactions, Hadith 3640
Chapter 8 in : Here and Here
More discussion on this topic can be seen in this post on Cryptocurrency Pakistan Facebook Group
