Syariah Procedure

Syariah Procedure

AZA’s International Brokerage is providing Syariah Procedures for Muslim clients by implementing Swap-Free Account. The Swap-Free Account is intended for traders who use trading systems without adjustment to swaps or for the customers who are not allowed to receive swapsowing to their religious beliefs. It determines the second name of this accounts type called “Islamic accounts”. Instead of the swap, the owners of Swap-Free accounts are charged a fixed commission, which depends only on the type of currency pair and number of open lots, but not on the issuing banks’ interest rates. In addition , AZA also emphasizes “Riba” under this Syariah Procuders by avoiding Overnight Interest for our clients.