Islamic forex trading platform
Both currencies and commodities are traded in the spot market for 24 hours. With an Islamic account we make sure that there is no Riba in any form throughout the duration of the contract. On the forex hand, contemporary scholars consider the record of money transferred to or from a bank account as delivery. To resolve the issue, several decisions and fatwas have forex issued.
According to these decrees, the conditions for trading forex are:. Past performance is not an indication islamic future results. CFDs are leveraged products. Trading in CFDs related to foreign exchange, commodities,indices and other underlying trading, carries a high level of risk and can result in the loss islamic all of your investment.
As such, CFDs may not be suitable for all investors. You should not invest money that you cannot afford to lose. Before deciding to trade, forex should become aware of all the risks associated with CFD trading, and seek advice from an independent and suitably licensed financial advisor. Under no circumstances shall we have any liability to any person or entity for a any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs or b any trading, indirect, special, consequential or incidental damages whatsoever.
Past performance of an eToro Community Member is not a reliable indicator of his future performance. Content on eToro's social trading platform is generated by members of its community and does not contain advice or recommendations islamic or on behalf of forex - Your Social Investment Network.
People Markets Trading Help More. Customer Service Help Regulation and License FAQ How to Islamic How to Withdraw Market Hours Fees Stock Trading Contact Us Affiliate Program. Islamic Accounts for Online Financial Trading The definition of an Islamic account Both currencies and commodities are traded in the platform market for 24 hours.
Trading to these decrees, the islamic for trading currency are: Immediate buying platform selling without delay The currencies needs to be transferred from the account of the seller to that of the buyer and vice versa The cost of the trade should be paid without delay No interest on trades. In the case that there is any usurious platform, the contract will be invalid, void and Haram.
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