What Are Forex Islamic Accounts? | bestbrokers.co.uk

What Are Forex Islamic Accounts?

As forex trading has gained popularity with the masses, it has become important to make the trade acceptable among people who have different religions that might frown upon the business of forex trading. One such religion would have to be Islam. Islam does not Muslims to charge or pay interest, meaning that Muslims could not possibly engage with ordinary everyday financial institutions. The good news is that there are now forex Islamic accounts. These forex accounts to not charge interest on positions which have been rolled over for the night. As such, these forex accounts have enabled forex traders to engage fully in forex trading, without having to worry about not conforming to their own individual religious practices.

This is a companion discussion topic for the original entry at https://www.bestbrokers.co.uk/blog/2014/07/30/what-are-forex-islamic-accounts/