{"id":7549,"date":"2026-05-11T10:22:36","date_gmt":"2026-05-11T14:22:36","guid":{"rendered":"https:\/\/www.bakkah.net\/en\/?p=7549"},"modified":"2026-05-11T10:32:27","modified_gmt":"2026-05-11T14:32:27","slug":"futures-trading-like-kalshi-is-just-basic-gambling-renamed","status":"publish","type":"post","link":"https:\/\/www.bakkah.net\/en\/futures-trading-like-kalshi-is-just-basic-gambling-renamed.htm","title":{"rendered":"Futures Trading like Kalshi is Just Basic Gambling Renamed"},"content":{"rendered":"
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In the Name of Allah, the Most Gracious, the Ever Merciful\u2026<\/em><\/div>\n
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The Prophet (may Allah raise his rank and grant him peace) foretold the renaming of impermissible things under different labels:<\/span><\/div>\n
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\u0644\u064a\u0634\u0631\u0628\u0646 \u0623\u0646\u0627\u0633 \u0645\u0646 \u0623\u0645\u062a\u064a \u0627\u0644\u062e\u0645\u0631 \u064a\u0633\u0645\u0648\u0646\u0647\u0627 \u0628\u063a\u064a\u0631 \u0627\u0633\u0645\u0647\u0627<\/strong><\/span><\/div>\n
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\u201cCertainly, some people among my ummah will consume intoxicants, naming them with other than their actual names.\u201d<\/strong>\u00a0(Musnad Ahmad, from the report of Aboo\u00a0<\/span>Maalik, authentic)<\/span><\/div>\n<\/blockquote>\n
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WARNING:<\/strong>\u00a0The Kalshi platform of services is not trading. It is just gambling; do not be fooled. Avoid gambling in all its forms, whether it is state-run lottery, neighborhood numbers, dice, scratch-off tickets, casual betting on friendly competitions, or even children\u2019s games for tickets to exchange for prizes.<\/span><\/div>\n
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Sports betting apps are clearly gambling. Also, today gambling is repackaged & renamed\u00a0\u201cfutures trading\u201d<\/strong>\u00a0or\u00a0\u201cprediction markets\u201d<\/strong>\u00a0in popular apps like Kalshi. Calling gambling \u201ctrading\u201d is nothing but deception.<\/span><\/div>\n
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\u201cTrading\u201d<\/strong>\u00a0and\u00a0\u201cmarket exchanges\u201d<\/strong>\u00a0-in Islamic Law- are only good & permissible when you are exchanging permissible specified goods\/services for permissible specified goods\/services, with permissible specified terms and conditions. Just betting on things under the name of\u00a0\u201cfutures trading\u201d<\/strong>\u00a0or\u00a0\u201cprediction market exchanges\u201d<\/strong>\u00a0is just a pathetic attempt to hide the major sin of gambling.<\/span><\/div>\n
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Do not trick yourself out of obedience & servitude to ar-Rahmaan (the Gracious and Merciful Lord) and into the traps of Iblees, the devil. Today people are just betting on the weather and other events, calling it\u00a0\u201cfutures trading.\u201d<\/strong>\u00a0This might work around some non-Muslim government rules & be legal to them, but Muslims are guided and keen, and they know their sworn enemy tries to constantly trick them into impermissible things by renaming them with seemingly permissible names.<\/span><\/div>\n
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The Prophet (may Allah raise his rank and grant him peace) foretold this:<\/span><\/div>\n
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\u0644\u064a\u0634\u0631\u0628\u0646 \u0623\u0646\u0627\u0633 \u0645\u0646 \u0623\u0645\u062a\u064a \u0627\u0644\u062e\u0645\u0631 \u064a\u0633\u0645\u0648\u0646\u0647\u0627 \u0628\u063a\u064a\u0631 \u0627\u0633\u0645\u0647\u0627<\/span><\/strong><\/div>\n
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\u201cCertainly, some people among my ummah will consume intoxicants, naming them with other than their actual names.\u201d<\/strong>\u00a0(Musnad Ahmad, from the report of Aboo Maalik, authentic)<\/span><\/div>\n<\/blockquote>\n
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Fear Allah, the Most High, abandon gambling in all its forms and clever labels, and do not argue with falsehood to defend destructive major sins!<\/span><\/div>\n<\/div>\n
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Written by: Moosaa Richardson<\/em><\/div>\n
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SOURCE:<\/strong>\u00a0A post on Twitter\/X \u2013\u00a0https:\/\/x.com\/1MMeducation\/status\/2034621582379803113<\/a><\/div>\n
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FURTHER RESOURCE:<\/strong>\u00a0A Friday khutbah (MP3) on the topic:\u00a0<\/span>\u201cGAMBLING: From Casinos to Car Insurance<\/strong>\u00a0\u2013\u00a0https:\/\/<\/span>spreaker.com\/episode\/khutbah-gambling-from-casinos-to-car-insurance\u20136857869<\/span><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n
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In the Name of Allah, the Most Gracious, the Ever Merciful\u2026 The Prophet (may Allah raise his rank and grant him peace) foretold the renaming of impermissible things under different labels: \u0644\u064a\u0634\u0631\u0628\u0646 \u0623\u0646\u0627\u0633 \u0645\u0646 \u0623\u0645\u062a\u064a \u0627\u0644\u062e\u0645\u0631 \u064a\u0633\u0645\u0648\u0646\u0647\u0627 \u0628\u063a\u064a\u0631 \u0627\u0633\u0645\u0647\u0627 \u201cCertainly, … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94,85,87,927,64],"tags":[1840,1848,1842,1845,1844,1847,661,1843,1846,1849,1850,1841],"class_list":["post-7549","post","type-post","status-publish","format-standard","hentry","category-commerce","category-fiqh-islamic-rulings","category-general-reminders","category-islaamic-law","category-original-articles","tag-1mmeducation","tag-car-insurance","tag-draft-kings","tag-futures-markets","tag-futures-trading","tag-gambling","tag-intoxicants","tag-kalshi","tag-lottery","tag-prediction-markets","tag-renaming-haraam-things","tag-sports-betting"],"_links":{"self":[{"href":"https:\/\/www.bakkah.net\/en\/wp-json\/wp\/v2\/posts\/7549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bakkah.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bakkah.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bakkah.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bakkah.net\/en\/wp-json\/wp\/v2\/comments?post=7549"}],"version-history":[{"count":10,"href":"https:\/\/www.bakkah.net\/en\/wp-json\/wp\/v2\/posts\/7549\/revisions"}],"predecessor-version":[{"id":7561,"href":"https:\/\/www.bakkah.net\/en\/wp-json\/wp\/v2\/posts\/7549\/revisions\/7561"}],"wp:attachment":[{"href":"https:\/\/www.bakkah.net\/en\/wp-json\/wp\/v2\/media?parent=7549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bakkah.net\/en\/wp-json\/wp\/v2\/categories?post=7549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bakkah.net\/en\/wp-json\/wp\/v2\/tags?post=7549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}