AvaTrade offers access to the Islamic halal trading of gold and silver. True Islamic gold and silver trading must have physical support in gold and silver. AvaTrade offers those wishing to trade on Gold and Silver a trading account that complies with Shariah rules. Discover Islamic oil trading with AvaTrade today. The price of oil on the AvaTrade MT4 platform is tied to the price of oil futures traded on futures markets around the world.

Trade oil without accumulating positive or negative swaps with AvaTrade.

What is Forex Trading?

Enter the volatile oil trading markets with AvaTrade. Stock market indices directly linked to global stock markets without accumulation of swaps. Pay only the bid-ask spreads on your AvaTrade Islamic trading account. AvaTrade has introduced its Islamic trading account, fully in line with Islamic rules. Customers with an Islamic trading account will not be charged daily swaps.

The swap fees are fully transferred within the MT4 platform into daily administration fees on all Forex trading products. We offer our clients a solid, secure product, which respects their principles and follows the rules of Islam. AvaTrade is not a legislative institution; therefore do not take this Islamic Account definition as permission to trade. Please verify all trading is in accordance with your beliefs.

Obviously the main attraction of the Islamic account is that it allows those who follow Sharia Law to trade on the markets without breaking with their faith. It also allows traders to stay true to their morals and ethics. Islamic accounts are founded on the principles of fairness and transparency in financial markets. While these accounts are based on Sharia Law that is followed by Muslims, these Islamic accounts are also available to non-Muslims. Islamic accounts at AvaTrade ensure that there is financial inclusion for all.

AvaTrade does not offer cryptocurrency trading in their Islamic accounts, however they do offer traditional fiat currency, or forex, trading.

It has been determined by Muslim scholars that forex trading is halal, as long as the trading adheres to several principles, all of which are included in the conditions of our Islamic accounts. Currency exchange and profiting from currency exchange is allowed under Sharia Law because any individual has the right to pursue activities that allow them to improve their financial condition.

This is because when you purchase a CFD you are not actually purchasing anything tangible. Instead you are speculating on the price rising or falling. With regard to hand to hand exchange, this has been discussed in the answer to question no. With regard to the fees for delaying the deal and trading in margins, a statement has been issued by the Islamic Fiqh Council concerning this, which says the following:.

Forex Trading - Halal or Haram Fatwa

After listening to the research that has been submitted and the detailed discussion on this topic, the opinion of the council is that this transaction involves the following:. This is interest that is charged to the purchaser if he does not make a decision on the same day, and which may be a percentage of the loan or a set amount. This is a kind of haraam riba. Allaah says interpretation of the meaning :. Fear Allaah and give up what remains due to you from Ribaa from now onward if you are really believers. And if you do not do it, then take a notice of war from Allaah and His Messenger but if you repent, you shall have your capital sums.

This was stated in a resolution of the Islamic Fiqh Council in Jeddah, no. The fourth statement of the Islamic Fiqh Council of the Muslim World League in its fourteenth session in AH stated that it is haraam to deal in the shares of companies whose main purposes are haraam, or some of their dealings involve riba. A resolution of the Islamic Fiqh Council in Jeddah no.

The same applies to futures and trading in indexes. Fourthly: This transaction involves economic harm to the parties involved, especially the customer investor , and to the economy of the society in general, because it is based on borrowing to excess and taking risks. Such matters usually involve cheating, misleading people, rumours, hoarding, artificial inflation of prices and rapid and strong fluctuation of prices, with the aim of getting rich quickly and acquiring the savings of others in unlawful ways.

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