Are options and futures halal?

Haram. The OIC International Islamic Fiqh Academy (1992) ruled that options are not permissible because the right being sold is not a property that can be traded. Conventional futures are prohibited by most scholars because neither side hands over the asset or the price.

Haram · Money and investing · From the Halal or Not? rulebook, checked 28 September 2026

Quick answers

Are options and futures halal?
Haram. The OIC International Islamic Fiqh Academy (1992) ruled that options are not permissible because the right being sold is not a property that can be traded. Conventional futures are prohibited by most scholars because neither side hands over the asset or the price.

Sources

Information, not a fatwa. Where scholars differ, this shows the main views so you can follow the one you already follow or ask a scholar you trust.

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