Saouq Capital
Islamic Trading Account
Trade currencies with confidence and peace of mind with our Islamic account, free from overnight interest (riba). The rollover process is the main point of Sharia concern.
Some believe that the rollover commission is linked to usurious interest (riba), because the interest rate of currencies is factored into the calculation of this commission.
Enjoy trading opportunities in the global Forex market in accordance with Islamic principles.
24/7 technical support
Quick solutions for your various inquiries. You can contact us in both Arabic and English.
Fast execution and instant withdrawals
Execute your trades with lightning speed, stay constantly informed with our instant notifications, and enjoy secure financial transactions.
24/7 technical support
Quick solutions for your various inquiries. You can contact us in both Arabic and English.
General Principles in Islamic Finance:
- The novelty of the modern Forex market: Its relatively recent emergence necessitates careful Islamic legal analysis.
- The spectrum of opinions: Ranging from outright prohibition to conditional permissibility and more moderate views.
- The driving force of Muslim traders’ desire for Sharia compliance: As Forex gains popularity in the Arab world, ensuring its alignment with Islamic principles is paramount.
- The role of Islamic trading accounts: Their introduction, particularly the elimination of riba-based swap fees, has been instrumental in addressing some of the major Sharia concerns and providing a potentially acceptable avenue for Muslim traders.
Do you need help to start trading with an Islamic account?
If you are seeking to understand the Islamic ruling on forex trading and are looking to start real trading, our team of experts is here to assist you. We provide comprehensive answers to all your questions about currency trading and the types of accounts available, and we guide you toward the best halal trading companies that suit your expertise level, investment size, and future goals. Don’t hesitate to contact us now for comprehensive support and a safe, Sharia-compliant trading experience.
Features of the Islamic Trading Account
An unforgettable experience with Islamic accounts for beginners and professionals
- MT5 Platform
- Compatible with mobile devices, computers, and tablets
- Advanced market analysis Live market news
- Instant notifications
- slamic account free of riba (interest)
- Leverage up to 1:500
- Spreads starting from 1.0 pip
- Minimum deposit starting from $50 USD
- Ideal for new traders and small trades