Darul Ifta Ibn Masood

What is the ruling in regards to Plus 500 trading?

Published as Plus 500 trading platform

· 13 Rabiʻ II 1443 AH1 min readEnglish

Question

What is the ruling in regards to Plus 500 trading?

Answer

Plus 500 is an online trading platform by which one trades in forex, bitcoin, shares, etc. Our Darul Ifta has not approved of any of the above, hence we advise abstention.

Answered by
Mufti Mohammed Desai
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Source: Darul Ifta Ibn Masood — https://fataawa.co.za/plus-500-trading-platform/
Fatawa SA: https://fatawa.co.za/fatwa/ibnmasood-13618

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