Question
In binary trading, you first pay a registration fee. Then you guess what might happen to a currency in the next 15 minutes. You have to choose an option: will the currency strengthen or weaken? After 15 minutes if your guess is correct, you receive a cash prize. Is this trading permissible?
Answer
Binary trading is haraam gambling.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 24 No 02
- PDF page
- 2
Appears under IVR TECHNIQUES (approximate).