Islamic Account

Trading according to the principles of the Islamic faith is possible through an Islamic account.

Traders required to comply with Sharia law can participate in the financial markets with FxRevenues’ Islamic trading account, also known as a swap-free account.

With an Islamic account, no interest fees will be charged or deducted from your account. Currency transfers and transaction fee payments are also completed simultaneously, making the process straightforward and immediate.

Islamic Principles

FxRevenues provide traders of the Islamic faith with a feasible means to participate in the markets.

To comply with Islamic principles, we have created an Islamic or Swap-free account to let our clients trade their chosen assets while keeping to their religious beliefs.

Trading Principles

Prohibited rates of interest
Profit and risk separation
Immediate execution of trading orders

Islamic Trading Fees

Islamic accounts do not pay or earn swaps or interest on trades for currency pairs (excluding exotics), commodities, and energy where a small fee is applicable overnight. Note that trades open for more than a single day are subject to a flat rate financing fee. Rates and holding periods may vary depending on market conditions.

Islamic Trading Platform

With a range of knowledge and experience in Islamic finance, FxRevenues’ trading platform offer solutions that are designed to provide the necessary tools for important treasury functions in the industry.

Benefits

Trust & Regulation
No overnight swap & Interests
Wide range of instruments available

Disadvantages

Carry charge may apply
Positive interest may not be included
Exotic currencies and CFDs may not be available