We at Scandinavian Capital Markets believe in every trader’s right to pursue their financial goals in a fair trading environment while respecting their beliefs. As such, we have introduced Islamic accounts compliant with the rules of Sharia.
Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, in accordance with Islamic faith. On these accounts the swap fees are replaced with daily administration charges.
NOTE: The minimum deposit for an Islamic account is USD 1,000,000. Certain Forex products are not offered on Islamic accounts, and trading these particular pairs is subject to the interest on overnight positions.