‘Jurisprudential analysis of currency and gold coin futures transactions’ was reviewed at 64th and 66th sessions of the CBI’s Sharia Council.
The Sharia Council of the Central Bank of Iran announced that due to the fact that no real transactions are made in futures trading on currency and gold coin, it is considered as a kind of bet on price changes and the delivery of the goods is not done.
Hence such transactions are considered gambling and possessing wealth through an illegitimate way based on the principles of Imamiyyah and Ahl-e-Sunnats jurisprudence.
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