All answers
Trading rulings
Are prop firms halal?
Answered by the ShariaQuant team
Not as they are run today. The funded accounts that firms such as FTMO and FundedNext hand out trade leveraged forex, CFDs or futures, which the rulings on leverage rule out, and most of the money paid to winners comes from the fees of the many who fail the challenge. Scholars differ only on the paid challenge itself, and the one view that allows it does so under conditions most firms do not meet.
Every ruling on prop firms, with sourcesThis is Shariah screening and education, not financial advice. Rulings on newer products differ between scholars, so where a question is disputed we say so rather than pick a side for you. If your situation is unusual, ask your own scholar.