I was browsing posts about cryptocurrency trading and came across a fatwa from the Higher Scholars Council regarding the ruling on futures contracts. Honestly, the issue is not as simple as it seems.

Many scholars have stated that the ruling on futures contracts in digital currencies is prohibited Islamically because they consider it a form of usury and gambling, not genuine trading. That is, you do not actually own the asset, but you bet on the price, which they say causes economic harm.

For this very reason, many religiously committed people have shifted to spot trading instead of futures contracts. That means you actually buy and own the currency, which is considered safer from an Islamic perspective. The difference is clear — the ruling on futures contracts is completely different from spot trading in terms of religious law.

Honestly, this topic is new to many people, but the Islamic legal stance is clear from the scholars.