Why do Muslims choose spot instead of futures? 🤔

Here is an interesting question: if you are a religious trader, what trading methods for cryptocurrency are available to you? It turns out that there are clear rules about this in Islam.

The main problem with contracts

In futures trading, you never own the asset itself. It is simply a contract between you and the platform — you make a bet on the price, but the coin remains somewhere in the cloud. The Prophet Muhammad prohibited “selling what you do not have.” Therefore, under Islamic law, futures are not trading, but speculation without ownership rights. Haram.

Why spot is a different matter

Spot trading is a completely different story. Here you actually receive the coin in your wallet. The asset passes into your ownership. It's similar to a regular currency exchange at a currency exchange — money in your pocket, coin in your wallet. Halal.

But there is a nuance: the coin itself must be halal. Avoid projects with gambling mechanics, alcoholic beverages, endless contracts, and meme coins without real applications.

Checklist before buying:

✓ Real use case ✓ No gambling in the mechanics ✓ Not a special project for futures ✓ Not a meme ( or at least consciously )

Perform your risk analysis before the trade. This is my opinion, not financial advice.