Guidance On CFD Forex And Gold Trading On OctaFX
The condition of physical possession for conductung a trade is not an absolute requirement according to Javed Ahmed Ghamidi Sahab. Prophet Muhammad (SWS) suggested it in the context of physical items in order to minimize any chance of misrepresentation/deceit or damage to the other party. There is no prohibition for trading non-physical items in Islam. Therefore, if it can be ensured that the business is conducted in a fair manner and there’s no deceit then it cannot be deemed as prohibited. Please see for details on this point : Discussion 86500