Islamic Forex - Swap Free Acounts
The Islamic religion has precise rules and regulations in the matters of finance. Islamic finance according to the Shari’a Law or Islamic Law differs from conventional finance, used commonly all over the world.
||CySEC, FCA, FSB, DFSA, SCB
|| ||FIBO Group
||FSC, CySEC, FCA
||CySEC, FCA, IFSC
||ASIC, CySEC, IFSC
||BaFin, CNMV, CySEC, FCA, IFSC
||ASIC, CySEC, FCA, FSCA
|| ||City Index
||ASIC, FCA, FSA, IIROC, MAS, NFA
||CySEC, FSC, NFA
||CySEC, FCA, MiFID, DFSA, SFC
||ASIC, BVI, CBI, FSCA
According to Islamic financial principles, the following conventional financial practices are prohibited:
Interest called as riba
Extreme risk called as gharar
Gambling and speculation
The generally risky forex trading, when it is practiced in accordance with the Islamic finance principles is called Islamic forex trading.
The Islamic forex accounts facilitate practitioners of Islam to engage in forex trading, without breaking the laws of the religion.
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