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What is an Islamic Account?
The Islamic account is a type of trading account designed for Muslim traders that does not involve interest charges for overnight positions or swaps, which are typically incurred when holding trades open for a longer period of time.
Key features of the Islamic account
No Swap fees
Unlike regular accounts, which may incur swap or rollover interest charges, Islamic accounts are swap-free, meaning no interest is paid or received on overnight positions.
Compliance with Shariah Law
The account structure is designed to meet the ethical and legal requirements of Islamic finance, which prohibits earning or paying interest.
Same Trading Conditions
The trading conditions, such as spreads, leverage, and market access, are typically the same as in any other account type, but without interest.
Benefit from flexible leverage up to 1:1000.
Trade without overnight fees. Save big on every trade!
As low as 0.1 pips, save up to USD 10 per lot.
In the blink of an eye - Reliable trade execution in just 50ms.
Symbol
Symbol
Symbol |
Swap Long
Swap Long
Swap Long |
Swap Short
Swap Short
Swap Short |
3-Day Swap
3-Day Swap
3 倍隔夜利息 |
||
---|---|---|---|---|---|
Currency
|
Currency
|
||||
AUD / CAD |
-1.2
-1.276 USD
|
-1.2
-1.276 USD
|
周三 22 : 00 |
How to Open an Islamic Account
Open a Live Trading Account
Request to Convert your Live Account into an Islamic account on Client Area.
Review and Accept the Terms and Conditions.
Enjoy Swap-free trading!
You can trade the same instruments with the same trading conditions as any other account type, just without the swap fees.
Islamic accounts at Doo Prime are designed to comply with Sharia law, which means they are free from interest-based charges. However, other trading fees may apply, such as:
The minimum deposit requirement for an Islamic Account is $100 USD which is the same for a STP or ECN account.
Nationals of the following countries are eligible for an Islamic account:
Türkiye, Mali, Somalia, Syria, Iran, Iraq, Afghanistan, Algeria, Bangladesh, Burkina Faso, Congo - Kinshasa, Egypt, Ethiopia, Guinea, India, Indonesia, Côte d’Ivoire, Kazakhstan, Morocco, Niger, Nigeria, Pakistan, Philippines, Russia, Saudi Arabia, Senegal, Sudan, Tanzania, Uzbekistan and Yemen.