Islamic Trading Accounts
Enjoy secure, Sharia-compliant trading with no overnight interest.
Sharia
Trading With Integrity
Overnight Fees
No Swap
Align your trading with Sharia law and guidelines.
Deposit Requirement
$20,000 and above
- Fee-Free Period
- First 3 calendar days are free of any overnight charge.
- Sharia Fee
- Applied daily starting from the 4th day of an open trade
- Sharia Fee Charged
- Every day after the 3-day grace period, including weekends.
How to Open an Islamic Trading Account
- 01
Open a live trading account with AFAQ Trade
- 02
Log in to the Members Area
- 03
Verify your personal details
- 04
Request to switch to an Islamic Account
Premium Trading Platforms for Market Excellence
Live Market Movements
Track real-time market trends and test your strategies with virtual funds of $3,000,$30,000 and $40,000.
No Cost, No Risk
No deposits, no fees, no downloads required. Open a demo account instantly and start practicing today.
Learn with AFAQ TRADE
Enhance your demo journey with free learning resources and stay connected with our community events on social platforms.
Trade the Right Way with AFAQ Trade Islamic Account
Experience seamless trading with Shariah-compliant features, access ethical tools, and grow your portfolio with confidence.
Start Ethical Trading
Frequently asked questions
Explore frequently asked questions by Afaq community members.
What is an Islamic trading account?
An Islamic trading account is designed explicitly for Muslim traders who wish to trade in accordance with Sharia law, which prohibits the earning or payment of interest (riba).
Is trading with an Islamic account halal?
Yes, trading is halal if done through an Islamic account that does not charge or pay interest on overnight positions and complies with Islamic principles.
How does an Islamic trading account differ from a regular trading account?
The main difference is that Islamic accounts do not charge swap or interest fees, which are common in regular trading accounts.
How can I open an Islamic trading account?
You can open an Islamic account by selecting a broker that offers Sharia-compliant accounts, providing the necessary documentation, and agreeing to the account’s terms.
Can I trade the same markets and assets with an Islamic trading account?
Yes, you can trade the same assets, such as forex, stocks, and commodities, without incurring interest fees, ensuring all trades comply with Sharia law.