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Futures And Options
Is it permissible to deal in futures and options?
Amr bin Shuaib reported from his father who reported from his grandfather that Ali reported that the Prophet (Allah bless him and give him peace) said: "The condition of a loan combined with a sale is not allowable, nor two conditions relating to one transaction, nor the profit arising from something which is not in one's charge, nor selling what is not in your possession." (Abu Futures and options trade in contracts, not underlying assets or services, and therefore may not be bought or sold; they possess no intrinsic value but rather only something of value.

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