Yes, Evest offers interest-free Islamic accounts that are compliant with Islamic Sharia principles, designed to meet the needs of traders looking for investment solutions that align with Sharia guidelines.
What are the benefits of an Islamic account?
All trades are exempt from overnight fees, such as SWAP or Rollover fees, ensuring compliance with Islamic principles. Please note that the Islamic account does not affect leverage or any other trading conditions.
What types of Islamic accounts are available?
There are three types of Islamic accounts available:
- Islamic Account.
- Islamic Pro Account.
- Islamic Pro Plus Account.
These accounts differ in terms of spread value and the Sharia commission per lot, with the Islamic Pro Plus account offering the tightest spreads.
Are there any fees on the Islamic account?
Please note that if trades are left open for three days or more, a Sharia commission will be charged for each trade according to the Islamic accounts schedule specified by Evest.
What instruments are available in the Islamic account?
The Islamic account allows trading in more than 400 financial instruments, including over 300 stocks of global companies, multiple foreign currency pairs, and commodities such as energy contracts, precious metals, and agricultural resources.
How can I open an Islamic account?
After activating your account, you can contact Evest’s customer support team and request to convert your account into an interest-free Islamic account.