Are Perpetual Futures Haram?

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Are Perpetual Futures Contracts Halal or Haram?

Perpectual Futures have gained popularity especially in the crypto world particularly for the leverage they make available to speculators.

I find these contracts haram on account they are cash settled meaning there is no exchange of a product or service upon settlement. The losing party pays the winning party based on who guessed the price direction correctly. This is a form of prohibitied Al-maysir in Islam and is therefore haram to transact in.

I also would like the viewers to know that often times the counter party to a futures contract is the exchange itself. Therefore they are competing with a party that can determine the outcome of the competition which makes this activity very tough if not impossible to win long-term.

Let me know what you think in the comments!

Disclaimer: Anything you hear in this video is an opinion. It is not to be considered personalized financial advice. Make sure you do your own due diligence before making any investment decisions.