Q: I worked in a carnival in the summer and it was a kids’ game where they drop a quarter (money) into different slots that had (for example colours, different months) and then I would roll the ball. If for example the ball lands on the month September then anyone who put a quarter in […]
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What is the Islamic position on ‘Spread Betting’?
Q: What is the Islamic position on ‘Spread Betting’? Please find below two definitions given for this activity. From http://www.investopedia.com/terms/s/spreadbetting.asp Definition of ‘Spread Betting’ A type of speculation that involves taking a bet on the price movement of a security. A spread betting company quotes two prices, the bid and offer price (also called the spread), […]
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