Is trading stocks, crypto or on margin halal?

I said it reminds me of the quote from this from that Netflix documentary on India's billionaire bad boys where one of the guys who trades in diamonds and he says you know he asks the question he says what's the price he says what's the value of a diamond what is the value of what value would you give what is the value of a diamond and he and he gives the answer he says it's the price the last person who bought it was prepared to pay and and that's in essence how value is created.

Now I say this because the the theat of is so out of sync with this world. You know they have not caught up. It's they've not even caught up with you know this is money 4.0. We're almost at, you know, this kind of cyber money. They're still talking about bartering.

[laughter] The Fickbooks are still talking about bartering. You know, I trade this sack of corn for that sack of, you know, they're not even they haven't even reached up properly to to money, let alone digitalization, let alone this crypto phenomenon. They haven't even this is way beyond. And so people I suppose our tradition when it comes to transactions needs to be kind of uh bumped up and updated.

Um but I thought I'd share that it's incredibly fascinating to show how the concept of money has changed because in the prophet's time sallallahu alaihi wasallam money was based on just hard assets. Now, hard assets are incredibly finite and it's almost like a zero sum game that you there's only so much gold in this whole vicinity.

Now, unless we raid another area and bring in more gold, this gold is stuck. So, it's only going to rotate amongst certain people. Whereas, we are now in an age where money is being made literally out of thin air. You see, the whole narrative has changed. So those rulings can't apply. You see that was for where a time where it was only hard assets that were financial tradables that was fiat or that was equity or that

was today it is abstract and it is literally being created in front of us out of meaningless nothing. meaningless abstract concept like dodgecoin. So yeah, that's some food for thought. I do believe all of this is permissible. Obviously, there's regulations, but this kind of trading, whether it's uh CFDs and stocks or shares or whether it's going to be um forex or whether it's going to be crypto, whether it's going to be margin trade, isolated, cross

margin. I I believe all of these things are permissible but obviously one needs to know as well be sensible and learn and have you know you you got to have your kind of um an assessment of your losses have stop losses I mean there's all these things are in place they're already there that you can have a risk management you can and a loss you know damage control that look I'm prepared to lose like in business you're prepared to lose people say oh it's like a gamble But yes, but you know risk was not why things were made haram in Islam.

You see very few things were made haram because of risk that nothing risk was not the thing. Mkhhat in Arabic was not why gambling was made haram. Gambling was made haram because of the other harms that it was doing socially to people. Not because of risk. that just as ribba was not haram because of risk but because of the level of exploitation unfettered exploitation that was around it because otherwise trade has risk.

All these things have risk, right? So it was never it was in so in the f books they always say that which leads to um aggressive disputation potentially bloodshed as in fighting would be made haram. But in a day and age where there's regulations in place and there's rules and there's and you can do damage control a person like a shop, you could say, "Look, I'll tell you what, I'm going to open this.

worst case it's not going to work. I need six months rent beforehand. You know, you do a risk assessment. You say, "Yeah, well, you know what? I okay, if I lose it, I lose it." You know, if I don't make anything, I don't make anything, but I'll I'll, you know, I'll give it a shot. It's the same thing here. You know, you you put down certain things for trade, you take whether it's margins or whatever, you you place or whether it's regular trade, you place a stop-loss, say, you know what, if it hits this much, I can take that loss.

It's okay. But this is I hope it I make this profit. This is what I'll go for. And you know the rest is [laughter] shall I say luck, right? Or whatever is in your NAS. But I hope that makes some sense. Some people had asked me about these topics, but I definitely thought this is very relevant. This whole Robin Hood phenomenon because Robin Hood was obviously the platform they were using to to to do the trades.

So, which was aligning itself with Wall Street. And then you've got Reddit and this kind of uh particular subreddit kind of uh forum or platform where these nerds or whatever, but but these young people managed to, you know, cause managed to to kind of overturn [laughter] the plotting and planning of uh Wall Street and caused them to suffer in millions, literally millions and millions overnight.

That's what that's what they what they did. Wow. [laughter] Wow. Wow. Says that those who at sunrise were, you know, people who sat on thrones by nightfall became criminals as in by sunset just within the turn of a day.

That he says in moments we've seen people's fortune flip. Right people let's all right let's move on but there are wars now on currency and trade I mean there will always be wars on money as in people are fighting always for more assets but people who are trading are not waring with each other.

So in the past if you went to the their markets and did something in which could lead to a it could lead to an altercation. This was deemed haram because in the past the person in the market stall carried a sword and you carried a sword and when he said mm- I think you know blah blah blah blah blah and and there is no regulatory board there's no government there's no council there's no laws in place like that there's yeah there's tribal kind of loose overarching uh rules but that's it would just take out his sword and say

well Okay. [laughter] Well, there's one way to determine this. Oh, you thought I was going to pick up the calculator. [laughter] The sword. So, this kind of stuff doesn't happen. You know, you're trading, you're on your app, you're on your PC, you're trading. Nobody's going to come knock on your door with a sword to kind of kill you because you brought some Bitcoin and it profited.

So these kind of things are not haram as far as the world is concerned. Yes, ultimately there will be certain, you know, there will be certain people who are always playing some games and doing things. That's just the way of the world, right? So, let's uh let's move on people. Let's move on.