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The information is presented for informational purposes only, and not for public use.
The information is presented for informational purposes only, and not for public use.
Islamic Accounts
Gedamo offers you the ability to maintain Swap Free / Islamic Accounts whereby no interest will be charged or incurred on positions held overnight. Our Islamic Account program is in compliance with the Shariah Law.
Islamic accounts are called Shariah accounts to indicate that they are in compliance with the Islamic religious beliefs. According to the Islamic religion, any business transactions, in which one of the parties has to pay or receive some interest from another party, are forbidden.
Trading Point Swap Free / Islamic Account characteristics:
- No interest/swap charges on overnight positions.
- No up-front commissions.
- No time constraints.
- No spread widening.
How to Open a Swap Free / Islamic Account
Open a real account with Gedamo and select the apposite box in the contract form.
Gedamo reserves the right to discontinue an Islamic (Swap Free) Trading Account without warning.
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