Sharia Compliant

Islamic Trading Account

Trade the global markets in full compliance with Islamic principles. No swap fees, no interest — just fair, transparent, and ethical trading with Absel Markets.

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Swap fees

3,000+

Instruments

24/5

Market access

1–2

Day approval

Overview

Islamic Trading Accounts

Many online trading platforms offer access to a wide range of financial instruments. For traders who follow Islamic principles, the payment of interest — known as "Riba" — is strictly prohibited. To address this, Absel Markets offers Islamic accounts that are fully compliant with Sharia law.

Our Islamic accounts do not charge overnight swap or rollover fees. Instead, a fixed administration fee structure is applied, ensuring all trading activity remains free from interest-based transactions. Traders are encouraged to carefully review account terms and consult with a Sharia scholar or financial advisor to ensure full compliance with their beliefs.

How to open an Islamic account in 3 simple steps:

Verify your account by submitting all required identity documentation.
Fund your current trading account with your initial deposit.
Apply for an Islamic account conversion. Requests are reviewed and processed within 1–2 business days.

Education

What is a Swap?

A swap fee is an interest charge applied when a trading position is held open overnight in the forex market. For Muslim traders who follow Sharia Law, these fees are problematic because they represent a form of "Riba" — the accumulation of interest, which is forbidden in Islamic finance.

To cater to the needs of Muslim traders, Absel Markets offers Islamic trading accounts that are fully swap-free. Rather than overnight interest charges, these accounts use a transparent fixed administration fee structure, ensuring all activity remains compliant with Sharia principles.

Islamic finance also emphasizes the principle of profit and loss sharing — where the lender must share in the borrower's risk. Investments are directed toward projects and businesses that are considered beneficial to society, reflecting the ethical foundation of Islamic financial law.

Absel Markets is committed to providing a variety of trading solutions for clients of all backgrounds, including those who trade in accordance with Islamic law. We encourage traders to review all account terms thoroughly and seek guidance from a qualified Sharia scholar where needed.

Commodities

Halal Gold and Silver Trading

Absel Markets offers access to Islamic halal trading of gold and silver, fully compliant with Shariah rules. In Islamic finance, trading precious metals is permissible, provided it is conducted with physical support — meaning the transaction must represent actual ownership or possession of the asset being traded.

Our Islamic gold and silver trading account is designed specifically for Muslim traders who wish to access these commodity markets while adhering to their religious principles. The account ensures all transactions are conducted in compliance with Shariah guidelines, avoiding speculative or margin-based trading that would conflict with Islamic law.

Traders who follow Shariah will appreciate a dedicated account type that respects their values and provides access to some of the world's most actively traded precious metals.

Commodities

Halal Oil Trading

Absel Markets offers Islamic oil trading on its platforms, with pricing directly linked to global oil futures markets. This gives traders exposure to oil price movements without the need to physically own the underlying asset.

Our Islamic oil trading account ensures that all activity is fully compliant with Shariah rules — specifically, it eliminates the accumulation of positive or negative swap fees or interest charges that are otherwise associated with holding oil positions overnight.

Oil markets are inherently volatile, and traders should carefully evaluate their risk tolerance and strategy before entering. However, for Muslim traders who wish to access this market in a Sharia-compliant manner, Absel Markets provides a robust and transparent solution.

Indices

Halal Indices Trading

Absel Markets provides access to the world's most liquid stock indices through its Islamic trading account. Traders can gain broad-based equity market exposure — directly linked to global stock markets — without accumulating swaps or interest, in full compliance with Shariah principles.

Stock indices offer an efficient way to access equity markets without purchasing individual stocks. By offering Islamic index trading, Absel Markets enables Muslim traders to benefit from global market movements while upholding their religious obligations.

On the Islamic account, traders pay only the bid-ask spread — the difference between the buying and selling price of an index. No overnight interest or swap charges apply, keeping all activity aligned with the requirements of Sharia law.

Forex

Islamic Forex Trading

Absel Markets' Islamic trading account is fully compliant with Islamic rules. Daily swap fees are eliminated and replaced with transparent daily administration fees across all Forex trading products within the MT4 platform — ensuring the account remains entirely free from interest-based transactions.

Traders on the Islamic account can access a wide range of instruments including major currency pairs such as EUR/USD, as well as indices, bonds, ETFs, stocks, and commodities. Absel Markets is committed to providing a secure, transparent, and principled trading environment for every client.

* Cryptocurrency trading is not available on Islamic accounts. To trade cryptocurrencies, clients must relinquish their Islamic account privileges and may be subject to special fees or interest charges.

* Certain FX instruments (ZAR, TRY, RUB, MXN pairs) are not available on Islamic accounts. To trade these pairs, clients must relinquish their Islamic account privileges.

* Islamic accounts are subject to increased spreads on selected FX pairs.

FAQ

Any questions? We're here to help.

The primary benefit of an Islamic account is that it allows traders who follow Sharia Law to participate in the financial markets without compromising their faith. It also upholds moral and ethical standards — with fairness and openness forming the cornerstone of Islamic finance. Traders can access global markets with confidence that their activity aligns with their principles.

Muslim scholars have determined that forex trading is permissible under Islam, provided it adheres to specific guidelines — all of which are incorporated into the terms of Absel Markets' Islamic accounts. Sharia Law permits currency exchange and the profit arising from it, as everyone has the right to engage in activities that improve their financial situation, as long as those activities are free from Riba. Note that cryptocurrency trading is not available on Islamic accounts.

When trading CFDs, you are not purchasing a physical asset — rather, you are speculating on whether the price will rise or fall, using the asset's value as leverage. By opening a swap-free Islamic account, the trader avoids the issue of paying or receiving Riba. Absel Markets' Islamic accounts allow any trader who follows Sharia Law to engage in halal CFD trading in a manner consistent with their religious beliefs.

The minimum deposit requirements for an Islamic account at Absel Markets are the same as for our standard trading accounts. You must first fund your trading account before submitting your request for Islamic account conversion. Please refer to our account types page or contact our support team for the most up-to-date deposit requirements applicable to your region.

Once you have verified your identity, funded your account, and submitted your Islamic account request, our team typically processes and approves the conversion within 1–2 business days. You will be notified by email once your account has been successfully converted. During the review period, your account will continue to operate under standard conditions.

Islamic account holders at Absel Markets have access to a wide range of Sharia-compliant instruments, including major and minor forex pairs, stock indices, commodities such as gold, silver, and oil, as well as ETFs and bonds. Please note that cryptocurrency trading is not available on Islamic accounts. Additionally, certain FX pairs including ZAR, TRY, RUB, and MXN are not accessible on Islamic accounts due to the complexity of maintaining Sharia compliance on these instruments.

Yes. Islamic accounts at Absel Markets are subject to slightly wider spreads on selected FX pairs. This adjustment is made to offset the administration costs associated with maintaining a swap-free account structure. All spread information is fully disclosed within the trading platform before you open any position, ensuring complete transparency in line with the principles of Islamic finance.

Yes, you may request to revert from an Islamic account to a standard trading account at any time by contacting our support team. Please note that once reverted, standard swap and overnight fees will apply to all positions held open beyond market close. If you later wish to reinstate your Islamic account privileges, a new application and review will be required.

Yes, leverage is available on Islamic accounts at Absel Markets, up to a maximum of 1:500 depending on the instrument and your account type. While leverage can significantly amplify both profits and losses, its use is permitted on Islamic accounts as it does not in itself constitute Riba. Traders are strongly encouraged to use leverage responsibly and ensure their overall trading strategy remains compliant with their individual interpretation of Sharia law.

Absel Markets has structured its Islamic account offering to align with the widely accepted principles of Sharia-compliant finance — specifically the elimination of Riba (interest) through a swap-free, administration-fee-based model. However, interpretations of Islamic finance can vary across scholars and regions. We strongly recommend that traders consult with a qualified Sharia scholar or Islamic finance advisor to confirm that our account structure is consistent with their personal beliefs and obligations before opening an account.

Start trading the halal way today

Open a Sharia-compliant Islamic account with Absel Markets and access global markets without compromise.

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