Online trading platforms are accessible 24 hours a day and allow people to choose from a large variety of stocks. Some positions are opened by traders for day trading and are only open for a few hours. Other traders, however, prefer a more extended scope and wish to keep their positions open for more than 24 hours.  

Open an Islamic Account with AvaStocks today! 

What is a Swap? 

When a trader leaves a position open for more than 24 hours, he needs to pay a special fee, called a swap. The swap is a kind of interest rate and, therefore, problematic for Muslim traders who follow Shariah Law.  

To solve this issue, AvaStocks offers its Islamic investors an ‘Islamic account’. This account type is similar to a regular one, with one key difference: it is not subject to any special fees or interest, which sits well with the financial principles of Sharia law.  

Sharia law dictates that the lender must share in the borrower’s risk. In non-Islamic accounts, the risk falls exclusively on the lender. In Islamic eyes, this is considered exploitative and wasteful. 

AvaStocks is fully committed to providing its traders with a variety of trading solutions to fit their needs and wants, and has therefore introduced its Islamic trading account, fully in line with Sharia rules.

Islamic Trading 

Customers with an Islamic trading account will not be charged daily swaps. The swap fees are fully replaced in the MT4 platform by daily administration fees on all trading products.  

Experience a transparent online trading environment with AvaStocks and trade on a wide range of stocks. 

AvaStocks has been your trading partner for more than a decade and wants all its customers to be able to exercise their trading passion and grow their capital, while respecting their beliefs and the rules of Islam. 

Note! AvaStocks is not a legislative institution; therefore, investors should not consider this Islamic Account definition as permission to trade. Please verify all trading is in accordance with your beliefs. 

*Certain instruments are not available on Islamic accounts. To trade these, clients must give up their ‘Islamic account’ privileges and will then be subject to fees or interest. 

Open an Islamic Account with AvaStocks today!  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.