Khaberni - In the Middle East and North Africa, the money market focuses more on values and principles rather than charts and indicators. For most Muslim investors, trading success must be aligned with the ideals of justice, ethics, and Islamic Sharia. With the expansion and development of the online trading market in the Middle East and North Africa, more traders are seeking to participate in international financial markets without compromising their principles. Here is where Islamic trading accounts, or interest-free accounts, come in to provide access to financial markets.
What is an "Islamic" account?
According to Islamic Sharia, accepting or paying interest (riba) is prohibited. In traditional trading, when a trade is extended overnight, swap fees (overnight interest) are either charged or incurred depending on the direction of the trade. To meet Islamic requirements, an interest-free account is completely exempt from these fees. This means traders can keep their trades open for as long as they wish - overnight or even for weeks - without paying or receiving any interest.
The outcome of every trade depends only on market forces and the trader's analysis, not on the passage of time or accumulation of interest. This system allows Muslim traders to invest responsibly, fully benefiting from their faith, and they are committed to studying the information related to assets and pricing.
Why is ethical trading important?
Ethical investing is one of the fastest-growing areas of international finance, and the Middle East and North Africa region plays a central role in it. From a religious perspective, there's only one reason traders prefer the transparency and integrity of Islamic accounts: there are no hidden fees, no usurious transactions, and a direct correlation between returns and outcomes.
This model provides traders, both institutions and individuals, with peace of mind and confidence, which are the pillars of sustainable financial growth.
How does JustMarkets enable Sharia-compliant trading?
JustMarkets is a globally trusted broker with over 12 years of experience and clients in more than 160 countries. The company offers interest-free Islamic accounts for various trading styles: Standard Cent, Standard, Pro, and Raw Spread.
The process is simple: Muslim traders can directly contact customer support to convert their current account to an Islamic account. Once activated, all trades are completed without overnight interest. JustMarkets perfectly meets the highest standards of fair trading, with its clear terms, strong regulatory system, and global recognition. The company is licensed and regulated by:
● Financial Services Commission (FSC) in Mauritius
● Financial Services Authority (FSA) in Seychelles
● Financial Sector Conduct Authority (FSCA) in South Africa
This multi-jurisdictional licensing provides clients from the Middle East and North Africa with a safe and Sharia-compliant trading environment.
A modern approach to faith and finance
Religiously-based investing is no longer synonymous with restricted access to technology or financial market trading platforms. Thanks to the introduction of platforms like MetaTrader 4 and MetaTrader 5 and the JustMarkets mobile trading app, traders can globally trade assets like gold, indices, oil, and currencies in accordance with Sharia principles.
The app integrates charts from TradingView, risk management tools, and instant analytics to provide full control and transparency for every trade. The app also offers multilingual customer support around the clock. This application is designed to meet the technical and spiritual needs of investors in the Middle East and North Africa regions.
Where values meet opportunities
Islamic trading is a modern approach to ethical finance in global trade. It combines innovation with integrity, enabling traders to participate in global opportunities without violating their beliefs. Investors from the Middle East and North Africa can trade with responsibility, transparency, and confidence through JustMarkets' Islamic accounts, allowing for the coexistence of religion and money.
Disclaimer: Contracts for Difference (CFDs) are complex products and carry a high risk of losing money rapidly due to leverage. Be sure to understand how CFDs work and your ability to bear the high risk of losing your money. JustMarkets does not offer any advice or investment recommendations and does not incite investment activities.
