Certain practices are forbidden in Islam when they go against the principles imposed by Allah and the prophets. This is the case for the game Monopoly Go, which is considered Haram. Trading is also a practice that raises a lot of controversy within the Muslim community. Is it haram or halal? Is it ideal or not within the Muslim religion? In this article, let’s explore together whether Trading is Haram?

Is trading Haram or Halal?

Trading can be both Haram and Halal. To avoid making Trading Haram, you need to understand Islamic finance and the rules that allow you to align with the Quran, the Sunnah, and Sharia. Here are the fundamentals of Islamic Trading to conduct Halal Trading:

• Riba: which is also the profits generated from borrowing and the lending of financing. Thus, to adhere to the principles of Islamic Trading, financial transactions must not involve the payment or receipt of interest.
• Immediate delivery for Halal trading. In other words, the contract must entail immediate delivery and eliminate transactions that occur in the future.
• Risk sharing and profiles so that transactions are transparent and all stakeholders bear a part of the risk and profits associated with the transaction.
• No speculation.
• As well as, no illicit or amoral investment.

What are the specifics of Islamic Trading?

To engage in Halal trading, Muslim traders must use a specific interest-free or Islamic account. This type of Trading does not involve swaps. It is also important to understand all the nuances to choose the right assets for Halal investment. Indeed, some markets and financial assets are Haram. Therefore, it is preferable to avoid instruments, products, or assets that are too risky and companies or assets that are not permissible by Islamic law.