Trade in Compliance with Islamic Finance Principles
An Islamic trading account (also known as a swap-free account) is designed to comply with Shariah (Islamic law) principles, particularly the prohibition of interest (Riba). This account structure allows Muslim traders to participate in financial markets while adhering to their religious beliefs.
The account does not charge or pay overnight interest (swap/rollover fees) on positions held overnight, ensuring full compliance with Islamic law.
Trades can be held overnight without incurring swap charges. Instead of interest, the broker may apply transparent administrative fees or slightly wider spreads.
The account avoids interest-based mechanisms and follows Islamic finance principles such as fairness, transparency, and ethical conduct.
Profits are generated solely from market price movements, not from interest or lending, maintaining the ethical foundation of Islamic trading.
Typically available for Forex, commodities, indices, and sometimes stocks, subject to Shariah compliance of the underlying instruments.
Trading instruments linked to prohibited (haram) industries such as alcohol, gambling, or weapons may be restricted, depending on the broker.
Islamic accounts usually offer the same platforms, leverage, execution speed, and order types as regular accounts, ensuring no compromise on performance.
Islamic accounts are often available upon request and may require a declaration that the account is used in accordance with Islamic principles.
Open your Shariah-compliant Islamic trading account today
Open Islamic Account