Islamic Account

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Our website has the honor to be the information binary options source for many people from all over the world which have different religious believes. Recently, we have received many e-mails which were asking us to provide more information about the top Islamic Binary options accounts that are available today on the financial market. Muslims cannot trade with every type of binary account — and that's the reality.

They need to use only accounts that are compatible islamic binary options brokers the Shariah Law. In order such account to be Halal it needs to follow certain rules, regarding interest Ribarollover and leverage. These trusted brokers that we recommend here have used the services of Muslims Scholars in order to determine what can be included in their Islamic accounts.

Everything was done under the supervision of competent experts which have provided assistance with their knowledge in Islam, throughout the development process of these types of accounts.

Finding a trusted broker which offers this type of account that will have all the great features of a modern platform and in the same time comply with the Islamic faith is not an easy task — you maybe know that. We have selected 3 brokers that we believe are leaders in this field. Here it's very easy to open such account. This means that you can open digital options indefinitely without being the subject to any additional charges and fees.

Banc De Binary knows how important the principal of Hibah is to its Muslim customers. This broker facilitates donations and do not charge or take fees on percentage of profits which are made as a donation to various organizations.

The company offers Islamic trading accounts that comply with Shariah Law. This trusted broker permits traders to open positions without getting charged interest or fees for doing so. Startoptions does not charge for any additional fees associated islamic binary options brokers these accounts type. It is a great place to sign up and open an Islamic account if you are looking for this type of trading environment.

This is not just another trusted broker that offers Islamic accounts with reliable platform. The features that are included are innovative and attractive. In our opinion, we have provided in this article, 3 great brokers that offer Islamic accounts. You have the variety and you can choose where to islamic binary options brokers your Islamic account. It is always islamic binary options brokers good idea to open accounts with more than 1 broker.

We hope that you can make really huge profits and know that everything is Halal! Islamic binary options brokers to main content. Islamic Account brokers for binary trading You are here Home. Where to open Islamic account. Best binary options brokers with Islamic account type Islamic binary options brokers need to use only accounts that are compatible with the Shariah Law. Banc De Binary Here it's very easy to open such account. Startoptions The company offers Islamic trading accounts that comply with Shariah Law.

Cedarfinance This is not just another trusted broker that offers Islamic accounts with reliable platform.

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If you are a Muslim or a member of the Islamic community you will probably be very interested to know whether it is acceptable to trade online with digital options. In fact, Islamic binary options trading is becoming increasingly popular, but, you must choose a broker which offers a Halal account; this is an acceptable type of account.

Binary options brokers which offer a Haram account are not complying with Islamic law and should be avoided;. An acceptable Islamic binary options trading account will allow you to trade on the markets based on the direction the price of an asset will move in.

Forex trading requires you to understand the relations between currencies as well as the price direction. Trading on either market is possible but it is essential to consider the main issues which can cause a problem with Islamic standards. These are that no Muslim should earn or charge interest and that greed and gambling are sins.

There are now several binary options brokers who have developed Islamic accounts specifically designed to avoid these issues. Interest is generally earned or charged when a transaction continues outside of the market opening hours. To avoid this the brokers are freezing a trade at the end of the business day and reopening it at the start of the next day.

There is no interest earned or charged. Provided there are no commission fees or charges you are then able to trade within the Islamic guidelines. However, greed is another matter. The generally accepted protocol is to trade with knowledge of the market; you cannot then be said to be gambling or trading with greed. It is also imperative to limit the amount and value of the trades you undertake.

If you are seen to be spending an excessive amount or attempting to hide your spending then it will be seen as greed or gambling. This will then mean that you are indulging in a forbidden activity and the penalties can be severe. It is worth noting that binary options trading with currency pairs are seen as a grey area; as is trading on the Forex.

The issue is that this type of trading is seen as gambling. The safest way to trade within your guidelines is to avoid this type of trade. If you feel you must indulge it is advisable to have a recorded trading practice to prove you are acting rationally and not from a gambling addiction or greed.

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