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General questions What is an Islamic Forex Account?
avatar Catkathy
Question by: Joseph - 07 Sep 2016, 08:49:24
What is an Islamic Forex Account?
<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
Answers (1)
avatar user 10693
Answer by: Samanthar - 07 Sep 2016, 08:55:34

An Islamic Forex account is a regular Forex trading account minus the interest fees. According to Islamic Law, it is forbidden to take or give interest of any kind and Islamic Forex accounts were designed with this in mind.

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