Using the capital withdrawn from a prohibited transaction

14-2-2015 | IslamWeb

Question:

asalam we3likom I wanted to trade binary option and I deposit money into an account 250 dollars and there were people who said that binary option trading is haram and other is halal anyway I tarded this 250 dollars so sometimes I won 10 dollars trade and sometimes I lost a trade and I trade like this until 214 dollars so I won and lose a trade and so on I mean my account become 214 dolars because I had more lost trade than won anyway a day i ve read an islamic website that they were saying that binary option trading is haram and their opinion and fatwa convinced me so after reading that I withdraw my money and no longer traded in binary option so I justwant to know if my money that I ve withdrawn is still halal (as I said I ve had 250 dolllars at the beginning but after I had more lost trade than won trade my balance become 214 dollars)

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Answer:

All perfect praise be to Allaah, The Lord of the Worlds. I testify that there is none worthy of worship except Allaah, and that Muhammad, sallallaahu ‘alayhi wa sallam, is His slave and Messenger.

We have already issued Fatwa 237190 clarifying the prohibition of those contracts/transactions, citing the resolution of the Islamic Fiqh Council. Hence, you did well by refraining from investing in them.

Whoever repents from this, he is entitled to his capital money only. Therefore you are permitted to use the money you withdrew as Allaah says (what means): {But if you repent, you may have your capital sums – (thus) you do no wrong, nor are you wronged.} [Quran 2:279]

Allaah Knows best.