Islamic Accounts

BProTrade recognizes the importance of providing financial solutions that align with Islamic principles.

How to Open an Islamic Account?

Step 1: Complete the Registration Form

Fill out the online registration form with your personal information and select the Islamic Account option.

Step 2: Provide Necessary Documentation

Submit the required data for identity verification, ensuring your account aligns with our compliance standards.

Step 3: Fund Your Islamic Account

Choose your preferred payment method to deposit funds into your Islamic Account and begin your trading journey.

Our Commitment to Respectful Trading Practices!

We prioritize respectful trading practices that foster a fair and inclusive environment for all our clients. We believe that every trader deserves to operate in a marketplace that upholds integrity, transparency, and mutual respect.
We actively promote ethical trading behaviors and encourage our community!

Basic

$5000

Access to 5 Markets

24/5 Available Support

Account Trial of 7 Days

Advanced Charting Tools

Up to 1:25 Leverage

Gold

$25,000

Access to 5 Markets

Personal Analyst

Starter Education

Up to 30% Bonus

24/5 Available Support

Free Monthly Withdrawal

Account Management

Market News & Insights

Introductory Video

Up to 1:25 Leverage

Platinum

$150,000

Access to 5 Markets

Personal Analyst

Starter Education

Live Consultations

24/5 WhatsApp Dealing

Free Weekly Withdrawal

Up to 75% Bonus

Advanced Features

Faster Market Access

Continuous Assistance

Up to 1:100 Leverage

VIP

Contact Us

Access to 5 Markets

Personal Analyst

Starter Education

Live Consultations

20% SWAP Refund

WhatsApp Messages

24/5 Available Support

Market News & Insights

Education & Webinars

Two Protected Trades

Customizable Profile

Up to 1:200 Leverage

Trade with Confidence: Discover Our Interest-Free Islamic Accounts Aligned with Sharia Principles

The company offers an Islamic account in accordance with Islamic Sharia law. The features of the Islamic account include the absence of any interest or commissions for holding positions for more than 24 hours. The company does not charge any management fees for these accounts, and its profit comes solely from the difference between the buying and selling prices.


What is an Islamic Account?​

As is known, trading currencies and metals in the SPOT market lasts for 24 hours. At 5 p.m. New York time, positions are carried over for more than 24 hours, and interest accrues in the company’s regular accounts every 24 hours (the company either pays or receives interest). However, in Islamic accounts, there are no interest charges (riba) of any kind, regardless of how long the position remains open. In the Forex market, if a trade is not closed before 5 p.m. New York time, the open positions are automatically rolled over. 

The rollover process is a major issue from a Sharia perspective. Some believe that rollover fees are linked to interest (riba) because the interest rate of currencies is factored into the calculation of these fees, while others do not see it as interest but rather a fee for the service of extending the contract’s lifespan.

So how can a client avoid these complications? Here at the company, all trades are closed at 5 p.m. and immediately reopened to avoid any issues and ensure compliance with Islamic Sharia law. 

In addition to not earning or paying any interest, the buying or selling takes place immediately. Clients who do not have enough capital for a full contract can also speculate using leverage, which allows them to trade much larger contracts than their account balance, without any interest.

The fatwa that permits currency trading based on the margin system used in Forex:

This fatwa is issued by IslamOnline.net: There is no doubt that dealing in currencies is one of the most challenging financial transactions in Islamic jurisprudence, as it requires immediate exchange (hand to hand), which the Prophet (PBUH) referred to as “hand to hand.”

However, contemporary scholars consider the registration of the amount in the bank account as equivalent to physical possession, and collective decisions and fatwas have been issued based on this. Therefore, the most important conditions for dealing in currencies are:

  • The buying and selling must take place immediately without any delay.
  • Both currencies must enter and be recorded in the accounts of the buyer and seller.
  • The transaction price must be paid in full without delay.
  • There must be no interest involved in conducting these transactions; if there is interest, the contract is invalid, void, and prohibited.

 

Thus, the only two ways to avoid this prohibition are:

  1. Either a person buys within the limits of the money they possess, or
  2. They take a loan without interest from the broker, ensuring that no interest is earned on their money. There are also some investment funds that comply with these conditions.