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ISLAMIC FOREX ACCOUNTS

TADAWUL FX is the first Foreign Exchange Company to offer Forex with Islamic Conditions such as Interest Free Accounts (SWAP FREE FOREX ACCOUNTS).

TADAWUL FX offers its clients an online system to trade only Spot Currencies. Clients can open and close positions at any time without being constrainted to hold them for a defined period. The Metatrader 4 Trading system is the most reliable trading tool offering its users instant execution, professional charting packages, as well as MT4 indicators.

Clients benefiting from the TADAWUL FX ‘No Riba’ policy may hold positions for an undetermined time at the original opening price until they are closed and no charges will occur. TADAWUL FX may revoke the ‘No Riba’ policy in case of abuse with a 48 hour notice by email.

Musharaka or commonly called joint venture
This refers to a partnership or joint venture for a specific business with a profit motive, whereby the distribution of profits will be apportioned according to an agreed ratio. In the event of losses, both parties will share the losses on the basis of the agreed ratio.

Hibah (Gift or Donation)
This term refers to gifts awarded voluntarily in return for a loan given. TADAWUL FX will select different organizations in order to enable investors to donate a percentage of their profits to them.

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