Islamic Account

Forex Islamic Account

Trading Islamic Accounts

For people looking to invest widely, while honoring the tenets of their religious laws it can be difficult to find an adequate trading solution. That’s why CM Trading offers a special Islamic Forex trading account to help those who wish to combine financial responsibility and their religious values in a friendly, respectful and seamless package.

Why does CM Trading offer Islamic accounts?

CM trading encourages people from all walks of life to embrace Forex trading as a key strategy to help secure their financial futures. For Muslim Forex traders, it can be difficult to balance the tenets of Sharia with a standard account offering. This is why we offer the specially tailored Islamic account to our Islamic clients.

What is an Islamic account?

Sharia law bars the practicing person from accumulating certain types of interest on their accounts. As many forex trading platforms operate 24/7, in the event of long positions where one wishes to keep the position open for longer than a single 24 hour period, the interest accumulated in the account can prove to be problematic for the devout investor. This is why CM Trading has developed a unique Islamic account. With this account, the trader is able to take part in all regular financial transactions, but the special fees and interest that would be offered by a standard account are instead transmuted to set account and admin fees that enable the holder to remain in compliance with Sharia practices.

What advantages does an Islamic account offer?

If you are do not practice aspects of Sharia, there is of course no reason to open an Islamic Forex trading account, as it offers all regular services, simply with a different emphasis on fees and interest structure. For practicing Muslim investors, however, the rewards are numerous, as it allows them to freely participate in all common Forex and trading arenas, without violating the laws of their religious practice. Sharia Islamic account statuses are overseen by a council of respected religious officers to ensure all accounts are compliant with the prescriptions of Sharia law, so the faithful may rest assured that they are acting with full religious compliance with Islamic account.

If you are a practicing Muslim trader who would like to learn more about CM Trading’s special Islamic Forex trading accounts, get in touch with us and we'll help you open your account today. Open an Islamic Account with us today!


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HIGH RISK WARNING:
Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

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