Is It Permissible to Buy and Sell Stock Options?

Answered by Shaykh Taha Abdul-Basser Question: Assalamu Alaikum!  My friends and I have begun investing in stock options, specifically using the long straddle strategy (NOT short) and I wanted to make sure it was all Halal.  Here is a Wikipedia link describing it, the first part is about the long straddle:  Using this strategy […]

The Legal Verdict on Prevalent Forms of Insurance

Answered by Mufti Muhammad ibn Adam Question: The Imam at our mosque said today in his sermon that Insurance is “haram”. His explanation was that you can’t benefit / profit yourself against something that is hidden, i.e. isn’t yet known. Could you please provide some detailed information on this? Answer: In the name of Allah, […]