Permissibility Status Of Earnings By Trading Indices On Funded Account
You mentioned that this type of trading is dubious because nothing real is involved. Could you please clarify which specific Shariah principles make it dubious?Is the dubiety due to lack of underlying asset, absence of ownership/delivery, cash-settlement based on price difference, or its resemblance to qimaar (gambling) or gharar?A brief explanation of the exact reason would help in understanding the ruling better. Jazakallah