The Majlis Archive
Finance - Banking - Business The Majlis Vol 24 No 02, p.2

In binary trading, you first pay a registration fee.

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.

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The Majlis Vol 24 No 02
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Appears under IVR TECHNIQUES. This heading is the nearest headline at or before the page and is approximate. Do not cite it alone.

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