Future trading Halal or Haram


I have a question related to future trading on Binance. If we are only taking long positions and leveraging to the amount of funds we are holding, is it permissible. For example, If we have $1000 and we open a transaction with $100 at 10x, our liquidation price becomes zero, meaning we are only trading with the amount we own so even if we make a loss, its from our own money (the liquidation price shows $0 instead of a negative balance). Is this type of transaction valid and allowed?

Wa alaykum salaam,

Since the underlying asset class and investment is not Sharia Compliant, the lack of leverage doesn’t mean anything. It is still not Sharia Compliant to trade in futures.

Allah knows best