Every unregulated matter has the potential to become catastrophic. The 2008 financial crisis which involved the failure of the securities sector of the system is a clear example. The lobbyists against proposed regulations by the SEC did the world a major disservice & didn't pay. 21st century Islamic Scholarship & Da'wah is highly unregulated as well. Everyone has his/her own vision and pleads sincerity. Fatwa authorities have no time to babysit everything said in the name of Islam & calling any misguidance out, even with good reason, is considered taboo.

I receive many questions regarding various financial dealings & their Islamic Rulings especially in light of my Master's connection to Liquidity Management & my PhD's connection to Risk management. I will answer these questions in this thread IA. #invest #money #Islam #Banking #Options- Impermissible- as any transaction with ambiguous outcomes due to betting on the likelihood of a future event, and considered to be a 'zero-sum' transaction, in which one party can only financially benefit from the trade; are impermissible in Islam.