I am Muslim and have wondered for a long time: Why is trading considered Haram for so many of us? The answer is more complex than one might think, and honestly, it frustrates me that major platforms simply ignore this issue.

Let me explain what it's about. There are approximately 1.9 billion Muslims worldwide. Many would love to participate in the financial markets, but here lies the problem: many trading methods violate Islamic principles. And no, it’s not that trading is fundamentally Haram. It’s about how it’s structured.

I have consulted various Islamic authorities and conducted my research. In doing so, I’ve identified two key points that explain why leverage and futures are problematic in Islam.

First: Leverage is Haram because the platform charges interest for the money it loans you. This is not permitted in Islam. But wait – profit sharing is not Haram. So what if the platform only charges fees on successful trades? No fees are paid in case of loss. The fees could be higher to cover risks. A fair deal for both sides.

Second: Margin and futures trading are Haram because in Islam, you cannot sell something you do not own. The solution here is simple: the platform transfers the leveraged amount to your account solely for the purpose of the trade. When you close the position, the platform withdraws that amount. It could even be blocked so it’s only used for the trade.

Spot trading? That’s Halal. But let’s be honest – it’s not as profitable as futures. That’s why I understand why so many Muslims have left the system.

Here’s my question: Why don’t major platforms implement these solutions? They would give access to 1.9 billion people. That’s a huge market they are ignoring.

What do you think? Are there other approaches I might have overlooked?