Asalamualykum mufti saab, hope your well, my question was regarding investing in oil shares.
From what i understand Oil is a commodity which is anything that is a raw material or agricultural product that can be bought and sold
The commodity is not traded like physical holdings but is based on *contracts for a particular duration of time.*These contracts have some defined standards like future price, time duration, and quantity and these trading positions are contracts that are valid only for a particular period of time. Beyond which they expire and are worthless buying a stock of a business is buying equity in a company so like if you buy google You’re buying equity but here it seems like gambling no?
Hope that makes sense inshaAllah