The reason they are called Islamic Forex accounts or Shariah forex accounts is not because you must be a Muslim to open an Islamic Forex account. That might cause legal problems. The reason they are called Islamic Forex accounts is because they were created to meet the needs of the Islamic trading community.
According to Islamic law, or Shariah law, it is forbidden for Muslims to expect anything in return for their giving, and it is therefore forbidden to pay or accept any sort of interest in the financial markets. To know more see http://alpari.com
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Thread: Forex trading.
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09-10-2015, 04:33 AM #1
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Forex trading.
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12-10-2015, 07:06 AM #2
There are many brokers these days offering Islamic acocunts to their traders and clients all around the world, one of them has been FBS Markets.
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