Trade in accordance with Shariah principles with our swap-free Islamic accounts. No overnight interest charges on positions held overnight.
Our Islamic Trading Account is designed for Muslim traders who wish to participate in financial markets while adhering to Islamic finance principles. The account eliminates interest-based transactions (Riba) by offering swap-free trading.
Trade forex, indices, commodities, and shares without worrying about overnight interest charges. All positions can be held for extended periods without incurring swap fees.
Everything you need for Shariah-compliant trading
Zero overnight interest charges on positions held for any duration, fully compliant with Shariah principles.
Trade forex, indices, commodities, and shares - all available on Islamic accounts.
Enjoy the same competitive spreads, execution speed, and leverage as standard accounts.
Available for Standard, ECN, and VIP account types with varying minimum deposits.
24/6 multilingual support team with expertise in Islamic trading requirements.
Access your Islamic account on MT4, MT5, WebTrader, and mobile apps.
Choose the account that fits your trading style
Perfect for beginners
For active traders
Institutional-grade
An Islamic Trading Account, also known as a swap-free account, is designed for traders who follow Islamic Shariah principles. It eliminates interest charges (Riba) on positions held overnight, making it compliant with Islamic finance laws.
Islamic accounts operate exactly like standard accounts, except they do not charge or credit overnight swap fees (rollover interest). You can hold positions for any duration without incurring interest charges, while still enjoying the same trading conditions, spreads, and leverage.
No, there are no additional fees or hidden charges for Islamic accounts. You will pay the same spreads and commissions (if applicable to your account type) as standard accounts. The only difference is the absence of overnight swap fees.
Islamic accounts are available to traders of the Muslim faith. When applying, you will need to confirm your religious affiliation. We respect your privacy and this information is kept strictly confidential.
Yes, if you currently have a standard account and wish to convert it to an Islamic account, please contact our support team. We will assist you with the conversion process, which typically takes 1-2 business days.
You can trade all instruments available at FX Mako, including forex (60+ currency pairs), indices, commodities (gold, silver, oil), and shares. All instruments are available swap-free on Islamic accounts.
Cryptocurrency trading is available, but traders should be aware that there are different interpretations within Islamic finance regarding the permissibility of cryptocurrency trading. We recommend consulting with a Shariah scholar if you have concerns about trading specific instruments.
No, there are no restrictions on how long you can hold positions. You can maintain positions for minutes, hours, days, weeks, or months without incurring any swap fees. However, we monitor accounts to ensure they are used for genuine trading purposes and not to exploit the swap-free benefit.
While FX Mako offers Islamic accounts that eliminate interest-based transactions, we are not a Shariah-certified organization. Our Islamic accounts are designed based on commonly accepted Islamic finance principles.
If you have specific religious concerns or questions about the permissibility of certain trading activities, we recommend consulting with a qualified Islamic scholar or Shariah advisor.
Our support team is available 24/6 to answer your questions about Islamic accounts.
Open a Shariah-compliant Islamic account today and trade with peace of mind