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ISLAMIC ACCOUNT

Ethical trading – No swaps – No compromises

Designed to comply with Sharia principles, our Islamic Account offers interest-free trading without sacrificing the power or tools of a professional account.

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Islamic Account Features

  • Interest-Free Trading: Maintain Sharia compliance through elimination of swap fees.
  • Zero Hidden Costs: Complete transparency with no disguised interest charges.
  • Full Market Access: Trade all available instruments while maintaining religious principles.
  • Identical Execution Quality: Experience the same professional-grade execution as standard accounts.
  • Multi-Platform Support: Access Islamic accounts through both MT4 and MT5 platforms.
islamic account

3 Easy Steps to open
an Islamic Account

Opening your Sharia-compliant Islamic Account is quick and easy in just three steps.

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    Register & Verify your Profile

    Complete our Registration Form and verify your profile by completing all necessary actions and submitting your KYC documents.

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    Open a Live Account & Fund it

    Choose ā€œOpen Live Accountā€ under the Accounts tab and select between our four account types.

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    Apply for a Swap-free Account

    Once your profile has been verified, navigate to you Client Portal, click on the account you would like to convert into a Swap-Free Account and click on ā€˜Applyā€™ in the Swap-Free Account option.

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Frequently Asked Questions about
Islamic Trading Accounts

  • What is an Islamic Trading Account?

    An Islamic trading account, also known as a swap-free account, is designed for Muslim traders who wish to participate in the financial markets in accordance with Sharia principles. The defining feature of such an account is the removal of swap or interest charges on overnight positions, as charging or earning interest (Riba) is prohibited under Islamic law. These accounts provide a framework for halal trading without compromising religious beliefs.

  • What is the main difference between an Islamic and a standard trading account?

    The main difference lies in how overnight positions are treated. In a standard account, interest (swap) fees are applied when positions are kept open into the next trading day. In an Islamic account, no interest is charged or earned on overnight positions, making the account swap-free. This distinction is crucial for traders seeking to avoid interest-based transactions.

  • How is Forex and CFD trading made compliant with Islamic principles?

    The issue of whether forex and CFD trading is halal often depends on the treatment of interest. By eliminating swaps, Islamic accounts ensure that trading activity is free from Riba, thereby aligning with Sharia guidelines. This structure allows Muslim traders to engage in financial markets while maintaining compliance with Islamic principles.

  • What can be traded, and are there different fees on an Islamic account?

    Islamic accounts provide access to the same range of instruments available in standard accounts, such as currency pairs, commodities, indices, and CFDs on other assets. While swaps are not applied, some providers may charge administrative fees on positions held open for extended periods, and certain instruments may be excluded from swap-free trading. Traders should review the specific terms and conditions of the account to understand applicable fees and limitations.

  • How can a trader open an Islamic account?

    At M4Markets, clients can apply for an Islamic (swap-free) account directly through their Client Area. After registering and opening a trading account, traders may request Islamic account status, which removes overnight swap charges in line with Sharia principles. Once approved, clients can trade forex, commodities, indices, shares, and cryptocurrencies under the same trading conditions, with the exception of swaps.

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