Jump to content
  • 0
Sign in to follow this  

Spread Betting Account Under Islamic Financing


Guest Arxi


Can anyone tell me if the Spread Betting Account of IG is Halal in the context of Islamic Investing.

It is a margin account where we can do short selling too.

There is no interest/riba charged in the Spread Betting account (Forward Contracts).

Only we have to pay higher spread to IG which I personally think is kind of share in our profits that we are giving to IG.

Please confirm me if its Halal or not. 

The only reason I am considering Spread Betting Account is to do Short selling on Stocks to take advantage of the downward movement in the stock prices. 

Kind Regards

Share this post

Link to post

0 answers to this question

Recommended Posts

There have been no answers to this question yet

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

You are posting as a guest. If you have an account, please sign in.
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this