extrabyte



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LegendaryActivity: 840Merit: 1000 Is Binary Option Halal or Haram ? Need Help December 01, 2015, 11:05:15 PM #1 I am going to invest in something and it seems that it is Binary Option.



I am muslim and i care what is the source of my earnings.

I am searching in youtube and google but i can't find an exact answer if Binary Options are Halal or Haram.



Can anyone explain me if it is halal or not and why.



I appreciate it thank you.

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LegendaryActivity: 2884Merit: 1753 Re: Is Binary Option Halal or Haram ? Need Help December 01, 2015, 11:18:57 PM

Last edit: December 01, 2015, 11:40:28 PM by franky1 #2 binary options are a scam.



stay well clear I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.

Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at

franky1



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LegendaryActivity: 2884Merit: 1753 Re: Is Binary Option Halal or Haram ? Need Help December 01, 2015, 11:36:13 PM #4 Quote from: extrabyte on December 01, 2015, 11:28:39 PM Quote from: franky1 on December 01, 2015, 11:18:57 PM binary options area scam.



stay well clear



I don't know if i am allowed to invest in binary options, it says that i need a minimum of $250 to start and i can earn x5 within 30 days. I don't know how it works but the OP here

I don't know if i am allowed to invest in binary options, it says that i need a minimum of $250 to start and i can earn x5 within 30 days. I don't know how it works but the OP here https://bitcointalk.org/index.php?topic=1272614 says that these $250 are insured and I cannot loose it, what do you think franky?

its a scam!!!!!

binary options is called this because you have 2 options 1 or 0.. you win or lose..



the problems is that most people get 0.



there is no insurance, there is no guarantee x5 win.



use common sense atleast.



the way it works is lets say 10 people put in 1btc



nine will get 0 (lose everything) and 1 will get 5btc.. ( the remainder(5btc) gets kept by the scam artist)



it IS a ponzi scheme wher a majority of people are paying a minority. its not funds being traded on an exchange.. its in short a very very bad lottery that is not licenced its a scam!!!!!binary options is called this because you have 2 options 1 or 0.. you win or lose..the problems is that most people get 0.there is no insurance, there is no guarantee x5 win.use common sense atleast.the way it works is lets say 10 people put in 1btcnine will get 0 (lose everything) and 1 will get 5btc.. ( the remainder(5btc) gets kept by the scam artist)it IS a ponzi scheme wher a majority of people are paying a minority. its not funds being traded on an exchange.. its in short a very very bad lottery that is not licenced I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.

Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at

franky1



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LegendaryActivity: 2884Merit: 1753 Re: Is Binary Option Halal or Haram ? Need Help December 01, 2015, 11:44:11 PM #6 Quote from: extrabyte on December 01, 2015, 11:40:29 PM I am a bit surprised that he is saying that you cannot lose it because others will work for you and you will earn money, which i doubt anyway thanks for your opinion. And do you have any idea if it is halal or haram?



if your still asking if its halal or haram. then your obviously still thinking of investing..



so your already screwed by just still thinking of investing in a scam. whether screwed by religion or by your finance.



but to answer your religious question



national lotteries (regulated) are legalised ponzi scams(gambling). but are still haram!!



so a unregulated and illegal gambling scam is (haram + haram)x haram 100 if your still asking if its halal or haram. then your obviously still thinking of investing..so your already screwed by just still thinking of investing in a scam. whether screwed by religion or by your finance.but to answer your religious questionnational lotteries (regulated) are legalised ponzi scams(gambling). but are still haram!!so a unregulated and illegal gambling scam is (haram + haram)x haram I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.

Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at

Scream



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U will never know the true answer, before you try







Sr. MemberActivity: 476Merit: 250U will never know the true answer, before you try Re: Is Binary Option Halal or Haram ? Need Help December 02, 2015, 12:01:40 AM #9 IM muslim too

IMO binnary is haram, because basically binary use gambling system not pure trading system

also if you support binary with signature is haram too,

you must learn more about "economy syariah"



any advertising or support for gambling is haram

extrabyte



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LegendaryActivity: 840Merit: 1000 Re: Is Binary Option Halal or Haram ? Need Help December 02, 2015, 01:01:25 AM #10 Quote from: Scream on December 02, 2015, 12:01:40 AM IM muslim too

IMO binnary is haram, because basically binary use gambling system not pure trading system

also if you support binary with signature is haram too,

you must learn more about "economy syariah"



any advertising or support for gambling is haram



I read that it's all about how you use it, if you do math and research it depends but i also think in generally that it is haram binary option that's why i asked because i am worried. I have put down the signature and will remove now also the avatar, thank you. Need more opinions. I read that it's all about how you use it, if you do math and research it depends but i also think in generally that it is haram binary option that's why i asked because i am worried. I have put down the signature and will remove now also the avatar, thank you. Need more opinions.