A question regarding the permissibility of trading binary options in Islam.
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1 Answer
Peace be upon you.
Ayatollah Khamenei (may Allah protect him):
In general, trading binary options is not forbidden, but the winner does not have the right to the profit unless it is through legitimate contracts such as gifts or settlements.
Source: Special Inquiry.
Ayatollah Sistani (may Allah protect him):
These contracts are not valid in many cases of trading, but a person does not sin by engaging in them unless they are usurious.
Source: Special Inquiry.
May you be successful in all good.