Islamic Accounts in Qatar
Designed for traders who avoid interest (riba): no overnight swaps on eligible instruments, with transparent conditions and English & Arabic support.
What is an Islamic (swap-free) account?
An Islamic (swap-free) account is intended for clients who wish to avoid interest (riba). With swap-free options, overnight financing charges (swaps) are not applied on eligible instruments during the defined period. Instead, an administration fee may apply on some symbols to cover operational costs. Availability, instruments and fees can differ by account type and region. We do not provide religious rulings; if you need a Sharia opinion, please consult your trusted advisor.
Bullets (short):
Bullets (short):
- No overnight swaps on eligible instruments
- Administration fee may apply on some symbols
- Available on selected account types (Standard / Pro)
- English & Arabic support
How it works (Qatar)
How swap-free works for Qatar residents.
After you open and verify your account, you can choose a swap-free option (where available) and start trading. For most major Forex pairs and popular instruments, swaps are not charged during the defined swap-free period. If positions remain open beyond that period or on excluded symbols, an administration fee may be charged per lot per night, as stated in the policy.
After you open and verify your account, you can choose a swap-free option (where available) and start trading. For most major Forex pairs and popular instruments, swaps are not charged during the defined swap-free period. If positions remain open beyond that period or on excluded symbols, an administration fee may be charged per lot per night, as stated in the policy.
Benefits at a glance
Policy, eligibility & instruments
Swap-free availability depends on your account type, region and the instrument traded. Typically, major Forex pairs and some indices/commodities are eligible; certain symbols may be excluded or carry an administration fee after a grace period. Eligibility is confirmed in your Personal Area after verification. Fees, grace periods and exclusions can change—always check the current table before placing trades.
- Swap-free options on eligible instruments
- Fast execution and competitive pricing
- Negative balance protection
- Segregated client funds
- 24/5 support in English & Arabic
Policy, eligibility & instruments
Swap-free availability depends on your account type, region and the instrument traded. Typically, major Forex pairs and some indices/commodities are eligible; certain symbols may be excluded or carry an administration fee after a grace period. Eligibility is confirmed in your Personal Area after verification. Fees, grace periods and exclusions can change—always check the current table before placing trades.
Fees & simple examples
On swap-free instruments, no overnight swap is charged during the defined period. For excluded symbols or beyond the grace period, an administration fee may apply per lot per night. The amount can differ by symbol and account type.
Example (plain text):
Example (plain text):
- Example 1: You hold 1.00 lot on EURUSD for 5 nights within the swap-free period → no swap, no admin fee.
- Example 2: You hold 1.00 lot on an excluded symbol for 3 nights → admin fee applies as per the table.
How to open an Islamic (swap-free) account
Get started in 3 steps
- Sign up & verify — Create your account and complete KYC (QID/Iqama).
- Choose account type — Select Standard or Pro and enable swap-free (if available).
- Deposit & trade — Fund via your preferred method and place your first trade.
FAQ
A: An account designed to avoid interest (riba) by removing overnight swaps on eligible instruments during a defined period. An administration fee may apply on some symbols.
A: Yes. Qatar residents can enable swap-free options where available after verification in their Personal Area.
A: Pricing depends on account type and instrument. Check our current spreads, commissions and any admin fees on the fees page.
A: We do not issue religious rulings. Policies are designed to remove swaps; please consult your trusted advisor for religious guidance.
A: Open and verify your account, choose a qualifying account type, then enable the swap-free option (if available) in your settings.
