Algorithmic Trading

Assalam mou Alaiykum

I am very much interested in the field of finance and tech and find the area of quantitative finance fascinating. However, I know there are a lot of dangerous areas that as Muslims we must avoid especially as it pertains to trading/investing.

My question is are Muslims allowed to engage in algorithmic trading, and what are the rules and regulations one must adhere to according to the Sharia ?

Jazakh’Allah Khair

Assalaamu alaykum,

As long as the algorithms are Shariah compliant, it is permissible to use algorithmic trading.