Are Binary Options Halal In Islam?

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Trading with binary options seems to divide the islamic community. It is a new & exotic instrument on the stock, commodities, forex and indices market. While the normal forex trading or stock trading does have a very serious character and needs a basic knowledge to even make a first trade, the trading with digital options is other then that. Everyone can join an online broker and start trading immediately while have only two options to choose from for a given time frame. APPLY HERE

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There Are 2 Ways How Not To Trade With Binary Options, Two Ways Which Make Binary Options Haram:

If You Trade On Currencies Or If You Use It Without Strategy Like Betting. Binary Options Trading Is Not Gharar:

There are brokers like Banc de Binary with very small option expery like 60 seconds or like 5 minutes. So your task is it to predict if the market price of oil goes up or down within the next 60 second or 5 minutes (for example at Banc de Binary).