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Islamic Account
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Islamic Accounts – Ethical Trading
Online trading platforms provide access to the CFD markets around the clock, offering a wide range of trading instruments such as foreign exchange, commodities, shares, bonds, ETFs, currency options, and more. While some traders opt for day trading, others prefer longer-term trades that keep positions open for over 24 hours.
When a position is held overnight, a rollover fee is typically charged. However, this fee contradicts the Riba principles of Sharia law. To accommodate our Islamic clients, we offer Islamic accounts that allow positions to be kept open for up to 5 days without incurring the rollover fee. Positions held for longer than 5 days will be subject to the fee.
Opening an Islamic account is a straightforward process that involves three simple steps:
Verify
Verify your account by submitting all necessary documentation.
Fund
Fund your trading account.
Review request
Once your account is funded, you can request an Islamic account that complies with Sharia Law. Your request will be reviewed and approved by the relevant department, with processing typically completed within 1-2 business days.
Account Types
Gold Account
$25000
- Access to 5 different markets
- Spreads staring from 1.8 pips
- 24/5 customer support
- Ebook
- Trading Bonuses
- Senior Account Manager
- Leverage up to 1:200
- Daily Market Reviews
- Daily Signals
- Swap Refund Up to 10% (applies to positions kept open for over 5 days)
- Islamic Account
- Live Webinars
- Live Video Sessions
Platinum Account
$75000
- Access to 5 different markets
- Spreads staring from 1.5 pips
- 24/5 customer support
- Ebook
- Trading Bonuses
- Senior Account Manager
- Leverage up to 1:400
- Daily Market Reviews
- Daily Signals
- Swap Refund Up to 15% (applies to positions kept open for over 5 days)
- Islamic Account
- Live Webinars
- Live Video Sessions Advanced trading
- Cash Rebates Basic
- Live Signals
- Live 1on1 trading with SAM
- 1 protected trade
VIP Platinum
Contact us
- Access to 5 different markets
- Spreads Customized
- 24/5 customer support
- Ebook
- Trading Bonuses
- Senior Account Manager
- Leverage up to 1:400
- Daily Market Reviews
- Daily Signals
- Swap Refund Up to 20% (applies to positions kept open for over 5 days)
- Islamic Account
- Live Webinars
- Live Video sessions, Expert Trading
- Cash Rebates Vip
- Live Signals
- Live 1on1 trading with SAM
- 2 protected trade
- Tailor-made Account
- Special Offers
- VIP events
Quick and Seamless Account Opening
What is an Islamic account?
An Islamic account is a type of trading account designed to comply with Sharia law, which prohibits earning interest on overnight positions. It allows Muslim traders to engage in online trading without violating their religious principles.
How is the Islamic Account Different?
The key difference of an Islamic account is that it does not incur rollover fees on positions held overnight for up to 5 days. This aligns with the Islamic prohibition on earning or paying interest.
Is the Islamic Account Limited?
Islamic accounts are not limited in terms of trading instruments or market access. You can trade a wide range of CFD, including forex, commodities, shares, bonds, and more, just like a standard account.
Are There Additional Fees for Islamic Accounts?
Islamic accounts do not have additional fees beyond the standard trading fees. However, positions held for longer than 5 days will incur a rollover fee.
Can a Non-Muslim Trader Open an Islamic Account?
Islamic accounts are intended for Muslim traders who need to comply with Sharia law. Non-Muslim traders are generally encouraged to use standard trading accounts.
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