As salamu Alaikum brothers. recently i have been studying technical analysis to educate myself for crypto trading but somehow i found out a mentor that trading Nasdaq e mini futures short and long trades made me wonder if is it halal or haram? because he was making so big money within a few hours on a daily basis. i need a competent assist about it to know if it is Halal or Haram? as salamu alaikum wa rahmatullah
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I have the same question but from all the research that ive done they say its not permissible. But my question is that if trading in bitcoin is allowed then why not NQ or Es?
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Firstly,
if you trade any asset on a futures platform, its Haram.
You will clearly get straight arguments everywhere proving futures contract trading Haram.
Secondly,
Trading indices like ES!, NQ! or YM! etc, you need to know they are index therefore they comprises of several companies stocks. In order for an Index needed to be halal all the companies in that index need to be shariah compliant.
Hope it clarifies