Is Over-the-counter (OTC) halal?

Salam alaikum warahmatullahi wabarakatuh,

Is Over-the-counter (OTC) halal?

Jazak Allah khair!

Assalaamu alaykum,

There are two ways to trade: OTC and exchanges.

OTC trades are usually for forwards and futures. They are not Shariah compliant.

Of course, we need to see the product that is being traded OTC before a definitive answer.

Allah knows best

وعليكم السلام ورحمة الله وبركاته

Jazak Allah khair!