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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Paying someone to get results of fixed matches and then betting accordingly

Q: My spouse has been gambling for 3 years. Over these years the family has  been through hell. As a result of his gambling he has lost over half a million pounds. All his hard work has been wasted. He still has an  outstanding debt of 15 thousand pounds to pay. The family is just  surviving […]

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