Islamic Forex Accounts

Islamic Forex accounts, or Swap-free accounts, are an optional trading account type which allows Forex traders to keep in compliance with the principles of Sharia law. According to the Islamic law, or the Sharia law, interest paid on .

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Forex Trading in Malaysia. Welcome to Forex Malaysia! Read more about Islamic Forex Accounts. Forex Demo Accounts. Indіvіduаlѕ who want to succeed in Fоrеx trading need to practice before turning to the live mаrkеt. This is done with a demo account.

Dari lama web e-Fatwa:. Muzakarah telah membuat keputusan seperti berikut:. Setelah mendengar taklimat dan penjelasan pakar daripada Akademi Penyelidikan Syariah Antarabangsa Dalam Kewangan Islam ISRA serta meneliti keterangan, hujah-hujah dan pandangan yang dikemukakan, Muzakarah menegaskan bahawa perdagangan pertukaran mata wang asing forex oleh individu secara lani individual spot forex melalui platfom elektronik adalah melibatkan item ribawi iatu mata wang dan dari sudut fiqhiyyah ia tertakluk di bawah hukum Bay al-Sarf yang perlu dipatuhi syarat-syarat umum jual beli dan syarat-syarat khusus bagi Bay al-Sarf seperti berikut:.

Selain memenuhi syarat-syarat tersebut, Muzakarah juga menegaskan bahawa operasi perdagangan pertukaran mata wang asing forex hendaklah bebas daripada sebarang unsur riba, elemen al-Salaf wa al-Bay pemberian hutang dengan syarat dilakukan transaksi jual beli , unsur perjudian, gharar yang berlebihan dan kezaliman atau eksploitasi. Berdasarkan kajian terperinci yang telah dilakukan, Muzakarah mendapati bahawa perdagangan pertukaran mata wang asing forex oleh individu secara lani individual spot forex melalui platfom elektronik mengandungi unsur-unsur seperti riba melalui pengenaan rollover interest, pensyaratan jual beli dalam pemberian hutang melalui leverage, qabd yang tidak jelas ketika transaksi pertukaran, penjualan mata wang yang tiada dalam pegangan dan spekulasi yang melibatkan perjudian.

Selain itu ianya juga tidak sah dari sisi undang-undang Kerajaan Malaysia. Sehubungan itu, Muzakarah bersetuju memutuskan bahawa perdagangan pertukaran mata wang asing forex oleh individu secara lani individual spot forex melalui platfom elektronik yang ada pada masa ini adalah haram kerana ia bercanggah dengan kehendak syarak dan juga tidak sah dari sisi undang-undang negara.

Selaras dengan itu, umat Islam adalah dilarang daripada melibatkan diri dalam perdagangan mata wang seumpama ini. Muzakarah juga menegaskan bahawa keputusan yang diputuskan ini tidak terpakai ke atas urus niaga pertukaran mata wang asing menerusi kaunter di pengurup wang berlesen dan urus niaga pertukaran mata wang asing yang dikendalikan oleh institusi-institusi kewangan yang dilesenkan di bawah undang-undang Malaysia.

Jawatankuasa Fatwa Kebangsaan semalam memutuskan umat Islam haram mengamalkan sistem perniagaan pertukaran wang asing. They could close your account altogether if they have grounds to believe you are trying to game the system. Interest-free doesn't necessarily mean you'll be at an advantage, as some brokers will look for alternative sources of revenue if they cannot charge interest.

This is why Islamic accounts can have marginally wider spreads than conventional accounts. Other brokers may require higher minimum deposits. However, this isn't always the case. In addition, you can keep your open positions overnight for up to 14 days at no additional cost.

Others, such as HotForex EU tend to apply a carry charge after 7 days. Our comparison table shows popular Forex brokers with Islamic accounts. Some brokers such as easyMarkets or HotForex have dedicated Islamic accounts, in which case signing up is straight forward. Finally, others such as AvaTrade. You'll need to speak to your account manager to make that happen before placing your first trade.

Trade 45 currency pairs and CFDs on shares, indices and metals with market execution More Trade 45 currency pairs and CFDs on shares, indices and metals with market execution and no requotes. Scalping and all EAs allowed on MetaTrader 4 or 5. Trade Forex and CFDs on metals, commodities and indices on tight fixed spreads from a Trade a wide range of asset classes on low fixed spreads all from Fortrade's MT4 plat More Trade a wide range of asset classes on low fixed spreads all from Fortrade's MT4 platform: Forex, stocks, indices, energies, commodities and US Treasuries.

Trade Forex as well as CFDs on cryptocurrencies, shares, indices, metals and more on This account, designed for Muslim clients, does not incur swap or rollover charges for holding positions overnight. Terms and conditions apply. Trading foreign exchange, contracts for differences or spread bets on margin carries a high level of risk and may not be suitable for all investors.

You could sustain a loss of some or all of your funds if the markets move against you. For this reason, you should not invest more than you could afford to lose.

Information published on this website and in our external communications is factual and for information purposes only. It does not constitute financial advice under the Financial Services and Markets Act