Islamic Account

An Islamic trading account (also known as a swap-free account) is a trading account that operates in accordance with Islamic Sharia law. The main feature is the absence of swap or rollover interest on overnight positions, as charging or paying interest (riba) is prohibited in Islamic finance.

You can apply for an Islamic account during registration or convert your existing account. Simply select the Islamic account option when opening your account, or contact our support team to request a swap-free status on your current account.

Islamic accounts have access to all the same instruments and features as regular accounts. The only difference is the absence of swap charges. However, to prevent abuse, positions held for extended periods may be subject to an administration fee.

No additional religious documentation is required to open an Islamic account. The swap-free feature is available to anyone who requests it, regardless of their religious background.