Crypro Perpetual Futures Contract
Irfan sb, Nothing being traded is the only objection here? What if actual trading takes place as mentioned by Hamza sb? It would be permissible then or Zero-sum nature of the transaction is also the problem ?
guide me about the contract between a person and exchange in which a person want to sell an asset to exchange at current market price but person doesn’t has the asset! person has pridiction that price will be low in future so he want to buy that asset at low price to sell it at high to gain profit! exchange allows him to buy it in future in advance and allow him to sell at that particular market price!(in future price might be increase or decrease and person has to buy it) if price increases from that particular price then person has to bear loss and if price decreases person will take his profit! note the price prediction is not only pridiction rather several hours of technical and fundamental analysis backed it.This type of future contracts are permissible or not?