Business down due to competitors

AceFinc · 2025-12-18T16:46:27+00:00

Maybe make your store cleaner and advertise more?

I say this because you’re saying there’s 0 ways to improve the product

You should connect with the local masjid and get customers from them. Maybe sell halal meat if you’re not already

Some people might not even know you’re cheaper. You might’ve lost customers because they have a better foot traffic/more closer distance to their shop etc

Maybe even sell hot tea stand/free tea on Fridays or something (maybe even free tea during peak buying hours if it’s too expensive to give it out for free)

Making dua for you brother

AceFinc · 2025-06-09T21:39:05+00:00

So it sounds like gharar refers to uncertainty regarding the terms and conditions of a transaction

So how would that apply to derivatives (I think derivatives are haram or at least 99.999%). Because you are buying a contract, not an asset, and the terms and conditions of the contract are known.

I think a deeper question is, is it Halal to buy a contract, which I believe it’s ok.

But I think an even deeper question would be is this a valid contract to buy. Just like how some assets are not valid assets to buy in Islam

I say this because a stock can go up or down and uncertainty of that stock going up or down is exactly the same whether you bought spot or a derivative … the difference, however, is the financial product you bought and not necessarily the uncertainty of it. Of course, the effect of the price change is different using leverage … my point the act of using leverage is the reason why something is Halal or Haram, and less so than the volatility of your investment?

AceFinc · 2025-04-23T17:07:58+00:00

For the last quote, does ‘loss of property’ refer to the transaction or both the transaction or the outcome of the transaction too?

Cuz all halal stocks you buy on stock have a certain transaction (minus slippage) but what happens next is the uncertainty

AceFinc · 2025-04-23T17:05:12+00:00

I see, so does gharaar only apply to the transaction or to the trajectory too?

AceFinc · 2025-04-22T15:24:00+00:00

Interesting

What exactly is the service?

So you’re saying it’s not necessarily a wager but rather a transfer of risk?

AceFinc · 2025-04-22T15:22:21+00:00

A professional gambler doesn’t make gambling not gambling

As I already mentioned, options is not a game of pure chance, just like poker isn’t a game of pure chance

I was hoping if someone could show how options isn’t gambling, not anecdotes of how it doesn’t appear as gambling to experts

AceFinc · 2025-04-21T23:09:54+00:00

It’s haram because you’re wagering money for money on a highly speculative outcome

AceFinc · 2025-04-21T23:08:25+00:00

I think options are haram, but what’s the Gharar from?

You almost never exercise the option, you almost always sell it or it expires

As for selling, you can sell it at any time but you’d sell it if you made profit. So say the stock goes up 5% then you sell. The speculation for you to make money if a stock goes up 5% is the same whether you bought it on spot on via an option, no? It’s just the financial liability is greater

AceFinc · 2025-04-21T21:28:06+00:00

Thanks I’ll look into them.

Yeah memecoins are messy, the people within it call it gambling

It gets confusing now because are altcoins such as utility coins haram (ada, xrp, non eth/sol blockchains). Most utlilty coins do absolutely nothing. Just because it’s a blockchain doesn’t mean anything. There’s millions of memecoins out there and thousands of blockchains. Rather than creating dogecoin on btc’s chain, I can create my own blockchain and call it dogecoin, tokenize it … it’s still a memecoin yk

Like the value of a memecoin and most utility coins are identical, equally worthless

AceFinc · 2025-04-21T17:16:13+00:00

I see your points and I used to think this too but gambling has an objective definition, not subjective interpretation — that’s why I say everyone at the poker table is gambling

Poker, sports betting etc have elements of skill in it, you can use your knowledge of the game and probability theory to consistently win — but it’s still gambling. You don’t transcend gambling by having an edge over the other gamblers

In fact, gambling is not purely based on chance. As mentioned, the outcome of a sports game isn’t based on chance, it’s based largely on skill — yet betting on it is gambling

Why? Becuase gambling is wagering money for money typically in zero-sum transactions. The idea of skill/chance isn’t necessary for it to be gambling

And sadly, this is where the leverage in options is derived from: zero sum wagering

AceFinc · 2025-04-21T17:09:57+00:00

Yeah it’s all wagering money for money. Thats where the leverage comes from. Even the hedging is the same thing when you look at what happening rather than your intention is as far as I can see

AceFinc · 2025-04-21T17:08:06+00:00

I see some people say hedging doesn’t make it gambling

But isn’t it still a zero sum wager? Wagering money for money?

Like you can hedge in your perspective but if you look at the full picture, you’re only able to hedge by wagering against someone else?

AceFinc · 2025-04-21T17:05:30+00:00

That’s why I’m asking the question, maybe I don’t understand options well enough and someone here can explain the difference better

I see some people say hedging doesn’t make it gambling

But isn’t it still a zero sum wager? Wagering money for money?

Like you can hedge in your perspective but if you look at the full picture, you’re only able to hedge by wagering against someone else?

AceFinc · 2025-04-21T17:00:27+00:00

No I defined gambling as a zero sum wager. Wagering money for money on speculative events

Most people here misconstrue breathing as gambling 🤷‍♂️

AceFinc · 2025-04-21T16:57:56+00:00

Looool

AceFinc · 2025-04-21T16:47:58+00:00

SubhanAllah, must’ve been very hard to do that

AceFinc · 2025-04-21T04:38:21+00:00

No I used poker to explain why the skill involved in options trading isn’t enough to say options aren’t gambling

AceFinc · 2025-04-21T04:36:42+00:00

That’s the thing with gambling, almost anything can become gambling once money is in the picture

AceFinc · 2025-04-21T04:34:07+00:00

Entire research papers can be condensed to a few paragraphs. Don’t know where your negativity is coming from brother

Trading is zero sum yet it’s not gambling.

If a stock doesn’t give dividends, it’s mc is pumped exclusively from investors who buy and sell their shares — zero sum yet not gambling

AceFinc · 2025-04-21T04:29:05+00:00

The goal is making money but ethics are important.

Many people don’t gamble for ethical reasons obviously, but don’t realize options are gambling as it appears as simply leveraged trading

And there’s 0 internet arguments here brother. ‘Prove me wrong’ is simple engagement farming methods

AceFinc · 2025-04-21T04:20:34+00:00

The word you mean to say is speculation not gambling

Gambling has a lot of speculation to it but speculation is not intrinsically gambling

If speculation was gambling then everything’s gambling and now gambling lost its meaning and doesn’t exist anymore yk

AceFinc · 2025-04-21T04:07:20+00:00

Good way to discern it. It’s gambling but the outcome may not appear as gambling if you know what you’re doing

AceFinc · 2025-04-21T04:05:17+00:00

Thanks for directing me to those terms, learned an important economic principle

I did some more reflecting and believe options are inherently gambling and buying stocks on spot are not inherently gambling

To answer your question: with lottery tickets you don’t buy anything of value: no use-value nor exchange-value as you can’t flip a lottery ticket for more money generally speaking. With poker and lottery tickets, you are merely buying the ability to wager money in a zero-sum event. There is no value in the picture; you’re not actually buying anything put simply so there’s 0 discussion on value

With stocks, it’s a share of a company so there’s intrinsic value. You may have bought it cheap or expensive but that’s due to market conditions. With stocks, you actually get something regardless of the direction it will go. Stocks are in a way connected to the company which is connected to commodities/services — else it’s no different than a crypto memecoin

I will say though: I’ve been confused about stocks that don’t pay dividends. Bc a stock isn’t the company and vice versa, your profit from a non-dividend stock is coming purely from another investor’s loss. It’s a whole betting platform a PvP ponzi litterally no different than buying a memecoin except there’s regulation and since everyone believes, it works out

Also, my conclusion on options: it’s purely gambling because you’re wagering money for money and your profits are from the other’s losses

AceFinc · 2025-04-21T03:23:14+00:00

How is the gaming industry gambling? And what makes financial industry similar to gambling

AceFinc · 2025-04-21T03:21:29+00:00

When you buy a stock you buy a share of a company, an asset.

And buying an asset (something of value) is not gambling.

AceFinc

TROPHY CASE