1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Islamic Account

Discussion in 'Forex Broker Discussion' started by 5STARSFX, Dec 14, 2015.

  1. 5STARSFX

    5STARSFX New Member

    Joined:
    Dec 2, 2015
    Messages:
    47
    Likes Received:
    0
    Location:
    Madrid
    Islamic Account
    Islamic trading account permit clients of Islamic region to trade on swap free accounts with no any extra charge or fee. Clients of Islamic region can open and close positions at any time with 5stars forex platform without being constrained to holding them for a defined period.

    Our ‘No Riba’ policy enables eligible clients to keep their trading positions opened for an unlimited amount of time without having to suffer any charges or penalties from any kind whatsoever.

    There’s no doubt that currency trading is one of the most difficult dilemmas in Islamic jurisprudence (Faqih). On the one hand, it requires the simultaneous exchange of currencies, which makes it a kind of hand to hand exchange. On the other hand, contemporary scholars consider the record of money transferred to or from a bank account as delivery. To resolve the issue, several decisions and fatwas have been issued.

    Link: https://www.5starsforex.com/accounts/islamic-account.php
     
  2. AlanHurst

    AlanHurst New Member

    Joined:
    Nov 19, 2015
    Messages:
    52
    Likes Received:
    0
    Gender:
    Male
    Location:
    pakistan
    It is absolutely vital to have Islamic account for any Muslim trader, as obviously it’s prohibited to trade with swap. I am working with OctaFX broker where I get this luxury without any trouble, as we are allowed to operate swap free account right at the registration page, it really helps us working smoothly while with other companies, it is always difficult to operate such type of account due to all the restrictions which are in place like having to complete verification and such.
     
Loading...

Share This Page