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Forex Islamic Accounts at Arab Financial Brokers

Forex Islamic Accounts at Arab Financial Brokers :

Arab Financial Brokers (AFB) is the only 100% Arab owned Forex trading company regulated under the Kuwaiti Commercial Law. We are like no other world traders, we respond to our Arab and Islamic clients needs and in compliance with the Islamic Shariah, we have the opportunity to run our own forex accounts referred to as Forex Islamic Accounts.

Forex Islamic accounts are also called Shariah forex accounts to indicate that they are in compliance with the Islamic religious beliefs. According to the Islamic religion, any business transactions, in which one of the parties has to pay or receive some interest from another party, are forbidden.

Forex Islamic accounts are also called the swap-free forex accounts, because within this kind of accounts no swap or roll over interest will be charged or incurred to positions that were held overnight. Islamic forex accounts are intended especially to Muslims as swaps go against their religious beliefs. Islamic accounts give their owners an opportunity to hold their positions for an unlimited amount of time.

Aiming to meet the needs of Muslim forex traders and in strict compliance with the Islamic Shariah Law, AFB offers swap-free Islamic accounts to traders, for whom interest and swaps contravene their religious beliefs.

Being one of the leading forex brokers worldwide, AFB started offering Islamic accounts as another unique service provided for our clients who have concerns about the fact that swaps are against their religion.

July 26, 2010 | In: Investment

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