A Detailed Guide On Islamic (Swap-Free) Forex Account

Is Forex Trading Halal or Haram?

Whether forex trading is permitted or prohibited under Islamic law is a topic that’s widely contested. To find the answer to this question, we must first comprehend the guiding principles of Islamic finance.

One key tenet of Islamic finance is the prohibition of usury or riba. This implies that any agreement or transaction involving a conflict of interest is haram or prohibited. To address this issue, some Islamic forex brokers offer swap-free accounts. Get More