Instead, you could open an account with a Sharia-compliant broker Forex broker to enjoy interest-free leverage and avoid interest on rollovers.
1) Interest-free leverage.
Islamic Forex brokers will provide interest-free leverage. In other words, you can borrow entirely free of charge.
2) No rollover interest.
With an Islamic Forex account, your open positions will be closed by 5pm New York time to avoid rollover interest. You can them re-open them immediately after that. Some brokers will open them on your behalf free of charge.
Last but not least, your broker should hold the funds you deposit in an Islamic bank account again to avoid interest. For example, Plus500 holds investor funds with the Islamic Bank of Britain, the UK's first FSA approved Islamic bank.
1) Interest-free leverage.
Islamic Forex brokers will provide interest-free leverage. In other words, you can borrow entirely free of charge.
2) No rollover interest.
With an Islamic Forex account, your open positions will be closed by 5pm New York time to avoid rollover interest. You can them re-open them immediately after that. Some brokers will open them on your behalf free of charge.
Last but not least, your broker should hold the funds you deposit in an Islamic bank account again to avoid interest. For example, Plus500 holds investor funds with the Islamic Bank of Britain, the UK's first FSA approved Islamic bank.
تبصرہ
Расширенный режим Обычный режим