Bitcoin Forum
October 18, 2017, 05:07:19 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Is Binary Option Halal or Haram ? Need Help  (Read 11021 times)
fr4nkthetank
Legendary
*
Offline Offline

Activity: 1162


cryptominingtalk.com


View Profile WWW
December 05, 2015, 02:46:44 PM
 #41

I am going to invest in something and it seems that it is Binary Option.

I am muslim and i care what is the source of my earnings.
I am searching in youtube and google but i can't find an exact answer if Binary Options are Halal or Haram.

Can anyone explain me if it is halal or not and why.

I appreciate it thank you.

well bitcoin binary options are win or lose, so they are basically gambling.  Are you allowed to gamble ?  I would just trade bitcoin price with leverage perhaps (although you have to pay interest on borrowed money...so maybe not).  Or trade altcoins. 

                                 
           ░▓█████████████████▓░
          ▒▓██▓▓▓▓▓▓▓▓▓▓▒▓▒▒▒██▓▒░
      ░▒▓███▓                 ▒██▓▓▒░░    ░
▓▒███████▓▒        ░▒▒▒▒▒▒▒░    ░▓▓▓██▓▓▓▒▓
▒░██▒░░         ▒▓▓▓▓▒▒▒▒▓▓██▓▒     ░ ▒▓▓░▓
░▒▓█▒         ▒█▓▓▒▒▒▒▒▒▒▓▓▓████▓▓▒   ▒█▓▒▒
 ▒░██        ██▒▒▒▒▒▒▒▒▒▒▒▒▒░▒▒░██▒   ██▒▒
 ▓░▓█▒      ██▒▒▒▒▒▒░▒░░▒▒▒░░▒▓██▓   ▒██░▒
 ░▓░█▓     ▓█▓▒░▒▒▒▒▒▒▒░░░▒▒▓▓▓▓▓▒   ██░▓░
  ▓▒▒█▓  ▓▒█▓▒▒▓▓▒░▒░░░▒▒▒▒▒▒▒▒ █▒  ██▓░▓
   █░▒█▓ ▓███▓▒▒░░▒▒▒▒▒▒▒▒▒▒▒░ ▓█  ██▓ ▓
    █░▓█▓ ░██▓███▓▓▒▒▒▒▒▒▒░▒▒▓██  ██▓░▓
    ░█░▒██  ░ ░▓███████▓██████▒  ██▒░▓
      █▒░██▓      ░▒▒▓▓▓▓▒▒░   ▓██░▒▓
       ▓▓░▒██▒               ▒██▓░▓▓
        ░█▓░▓██▒           ▒██▓░▓█░
          ▒█▓░▓██▓       ▓██▓▒▓█▒
            ▒█▓▒▒███░ ▒███▒▒▓█▒
              ▒██▓▒▓███▓▒▒██▒
                ░▓██▒▒▒███░
                   ▒███▒














1508346439
Hero Member
*
Offline Offline

Posts: 1508346439

View Profile Personal Message (Offline)

Ignore
1508346439
Reply with quote  #2

1508346439
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508346439
Hero Member
*
Offline Offline

Posts: 1508346439

View Profile Personal Message (Offline)

Ignore
1508346439
Reply with quote  #2

1508346439
Report to moderator
OmegaStarScream
Staff
Legendary
*
Online Online

Activity: 1078



View Profile
December 05, 2015, 02:59:00 PM
 #42

Too much racism on the forums , anyway ... I'm a muslim and yes it's basically gambling so basically you are not allowed to do this (even if we don't take in consideration that most of binary website are scam) , you are not allowed to advertise it in your signature as-well and any money came from it is HARAM , same goes with Forex btw .

thejaytiesto
Legendary
*
Offline Offline

Activity: 1078



View Profile
December 05, 2015, 03:06:34 PM
 #43

I find it interesting that you would use something because it's related to gambling as it is haram. Well, the fact is that Bitcoin has a strong gambling element in it's core, mainly the mining system. The miners are basically playing a lottery to get the blocks, they are gambling money invested in electricity in hopes they win the reward, so doesn't this core principle of Bitcoin go against muslims then? im just curious, I dont follow any religion so im not concerned.

ronaldo40
Hero Member
*****
Offline Offline

Activity: 980


CHANGE - First Decentralised Global Crypto Bank


View Profile
December 05, 2015, 04:01:56 PM
 #44

I am going to invest in something and it seems that it is Binary Option.

I am muslim and i care what is the source of my earnings.
I am searching in youtube and google but i can't find an exact answer if Binary Options are Halal or Haram.

Can anyone explain me if it is halal or not and why.

I appreciate it thank you.

quite a lot of my friends who play binary and they are also Muslims, but some people argue halal and majority said haram. I am also quite confused, but I assess binary like gambling, there is guessing game prices rise or fall and then we predict.


CHANGE FINANCE First Decentralised Global Crypto Bank
LINK TO ICO | LINK TO DISCUSSION
nekochan05
Legendary
*
Offline Offline

Activity: 854


View Profile
December 06, 2015, 05:14:58 PM
 #45

most of online casinos offer binary options in their site as a new choice to gamble
so binary options is same haram like gambling
extrabyte
Legendary
*
Offline Offline

Activity: 840



View Profile
December 06, 2015, 05:50:16 PM
 #46

Many answers here and i appreciate it how many people are interested and now the answer, so basically i got the answer, and
It is HARAM to use/play/advertise binary option. If someone wants to add something then everyone is free to add.

kyrios_
Full Member
***
Offline Offline

Activity: 196


View Profile
January 01, 2016, 09:00:46 AM
 #47

Too much racism on the forums , anyway ... I'm a muslim and yes it's basically gambling so basically you are not allowed to do this (even if we don't take in consideration that most of binary website are scam) , you are not allowed to advertise it in your signature as-well and any money came from it is HARAM  same goes with Forex btw .

Even forex? I read somewhere there were special accounts to allow muslim to trade according to shariah principles. Any idea what that means?
extrabyte
Legendary
*
Offline Offline

Activity: 840



View Profile
January 03, 2016, 03:01:03 PM
 #48

First i wanted to know about oremine but it seems that it is ponzi and can collapse any time. Don't know if i should create another topic but what do you think about advertising darknet service

franky1
Legendary
*
Offline Offline

Activity: 1834



View Profile
January 03, 2016, 03:19:16 PM
 #49

First i wanted to know about oremine but it seems that it is ponzi and can collapse any time. Don't know if i should create another topic but what do you think about advertising darknet service


if you dont know your own religions view on advertising illegal products then maybe you should ask

EG
"is it ok to accept money for advertising hitmen"
"is it ok to accept money for advertising drugs"
"is it ok to accept money for advertising prostitution"

it doesnt matter if its bitcoin, dollars, or any other native currency, the activity is the same. so dont think that bitcoin makes illegal things legal, or legal things illegal.. its all the same.. all bitcoin does is removes the ties to banks so that they cant freeze your funds.

you would be far better off asking legit bitcoin businesses for any job vacancies, whether is basic customer services, which anyone can do, or something more specialised if you have a skill that they might need.

wasting hours doing these little gambling/advertising schemes which are not only risky to your religion but also wont pay out much or if they do, risk losing it through scams or theft  are not a good idea. so try finding a proper means of  bitcoin income via a legit job. or use a real world job and simply buy bitcoins.. then you will be much safer

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
extrabyte
Legendary
*
Offline Offline

Activity: 840



View Profile
January 03, 2016, 03:37:34 PM
 #50

First i wanted to know about oremine but it seems that it is ponzi and can collapse any time. Don't know if i should create another topic but what do you think about advertising darknet service


if you dont know your own religions view on advertising illegal products then maybe you should ask

EG
"is it ok to accept money for advertising hitmen"
"is it ok to accept money for advertising drugs"
"is it ok to accept money for advertising prostitution"

it doesnt matter if its bitcoin, dollars, or any other native currency, the activity is the same. so dont think that bitcoin makes illegal things legal, or legal things illegal.. its all the same.. all bitcoin does is removes the ties to banks so that they cant freeze your funds.

you would be far better off asking legit bitcoin businesses for any job vacancies, whether is basic customer services, which anyone can do, or something more specialised if you have a skill that they might need.

wasting hours doing these little gambling/advertising schemes which are not only risky to your religion but also wont pay out much or if they do, risk losing it through scams or theft  are not a good idea. so try finding a proper means of  bitcoin income via a legit job. or use a real world job and simply buy bitcoins.. then you will be much safer

I know that it is not allowed to advertise those activity, but i don't know what is humanresources campaign about and was wondering if i am allowed to put their signature or not. I simply don't know what is behind that, your suggestion about working in real world and buying bitcoin is the best suggestion.

armadilo
Member
**
Offline Offline

Activity: 112


View Profile
January 03, 2016, 03:54:54 PM
 #51

One word Haram, Also dude the whole money thing is haram lol  Grin


Edit: there is Non-muslims here so i think you are going to start a war thread  Grin
extrabyte
Legendary
*
Offline Offline

Activity: 840



View Profile
January 03, 2016, 04:18:47 PM
 #52

One word Haram, Also dude the whole money thing is haram lol  Grin


Edit: there is Non-muslims here so i think you are going to start a war thread  Grin

I know many people like you and I don't pretend to be in war with anyone, and your post isn't helpful. I am discussing with few people in PMs hope to get the right result(s).

jonald_fyookball
Legendary
*
Offline Offline

Activity: 1218


Core dev leaves me neg feedback #abuse #political


View Profile
January 03, 2016, 04:25:00 PM
 #53

Binary options are haram, being considered a form of gambling.

islamweb.net/emainpage/index.php?page=showfatwa&Option=FatwaId&Id=237190

Interesting commentary but doesn't make much sense as all trading is really a zero sum game,
not just options and futures.

croTek4
Sr. Member
****
Offline Offline

Activity: 305


Enjin Coin - Smart Cryptocurrency for Gaming.


View Profile
January 03, 2016, 04:49:05 PM
 #54

Whether it is haram or halal is irrelevant. The end result of binary option will almost surely be a loss. Would definitely stay away from this "investment"
Even if it is, in fact, considered allowable by your faith doesn't mean you should do it.

AtheistAKASaneBrain
Hero Member
*****
Offline Offline

Activity: 742


Enjin Coin - Smart Cryptocurrency for Gaming.


View Profile
January 03, 2016, 05:08:57 PM
 #55

I find it interesting that you would use something because it's related to gambling as it is haram. Well, the fact is that Bitcoin has a strong gambling element in it's core, mainly the mining system. The miners are basically playing a lottery to get the blocks, they are gambling money invested in electricity in hopes they win the reward, so doesn't this core principle of Bitcoin go against muslims then? im just curious, I dont follow any religion so im not concerned.

This is a pretty good point, I actually made a post about this I think but got moved to the political section for some reason so I didn't good the feedback I wanted (from people that post in the main forum).

Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!