We found 11 online brokers that are appropriate for Trading Islamic.
The question is always debated. Is investing Haram or Halal is always asked. Even a question prevails frequently whether there is something called an Islamic trading account.
About 25 percent of the world population follows the Islamic religion. They are Muslims and usually ask whether daytime trading is allowed with respect to Islamic law or religion.
They raise the question of whether one can stay Halal while trading in stocks, commodities and Forex.
A common question for beginners who want to trade on Forex is whether trading is haram. Trading on foreign exchanges is haram; however, it mostly depends on what kind of business you are trading in.
When people hear the word Haram, they tend to think it is a term used for margin trading. They are wrong. Islamic financial experts, especially in Dubai, explained that this term is used for investing in property. It is a common saying in Dubai that all properties should be owned by the person who buys them. According to Islamic law, this is one way of using wealth and investment wisely, and in a Muslim and liberal society, this is considered the smartest way. However, according to Islamic law, if you are not following the Shariah law, it is considered haram, which is not allowed under any circumstances.
Another misconception about the meaning of Islamic trading is that it is considered haram to lend money to non-Muslims. According to Sharia law, lending money to non- Muslims is allowed. The loans are done with the stipulation that the interest rates are not higher than the interest rates applied to pork and alcohol. The basic principle of all Islamic laws is that one should not be involved in business or in transactions that involve the exploitation of other people. Therefore, this is also considered haram. However, you can use it to invest in real estate as long as you follow the stipulated rules and regulations.
Some other misconceptions include the idea that Islamic trading is somehow different from trading and investing in stocks, bonds and other securities. Islamic financial experts explain that Islamic financial markets, such as share trading and other forms of binary options trading, are just the same as other types of trading. It is because the same principles govern all transactions in the financial markets of Islam. Islamic financial experts point out that if you doubt how stock trading or binary options works, you can get some education or practice on these types of transactions online and understand everything quickly.
Islamic law governs many aspects of the Muslims living in their daily life, including financial matters. Details are documented in the Shariah law and mentioned in the Kora to guide the religious. In modern-day trading, often the grey path gets blurred, so many still wonder if investing is haram. The main answer to this question is that the business person should follow the guidance of Islamic law to avoid getting into any trouble or receive a penalty.
As per Sharia law, all Islamic financial transactions are based on the value of gold and silver. Therefore, all Muslims who wish to purchase gold or silver for investment purposes must follow the Islamic law of Islamic banking. It is done by the Islamic Banks, which private investors finance. To work within this framework, the Islamic Banks follow the Islamic monetary system of halal. It means that all transactions are based on Islamic laws, and so all products purchased from the market are halal.
The main halal products in Islamic finance are bonds, shares and mortgage loans. So if one follows the Islamic guidelines when purchasing any form of asset, then the asset value increases with time. The property is based on the al-mal or the financial principle, which is applied in Islamic law. The main concept behind the al-mal principle is that an individual gains financial success through the sweat of his brow (i.e., labour or effort) and the help of Islamic principles and laws.
Islamic law governs many aspects of the devout Muslims in their everyday life, including financial matters. Details are clearly outlined in Islamic law and mentioned in Sharia law. However, on a day to day basis, the grey route becomes very vivid, at which point they realise that they are not following the law and are breaking the stipulated rules. The ruling is clear; any Muslim who owns any property or real estate in Pakistan must hold the title in their name and cannot sell it without their true legal ownership.
The main reason why people are confused and do not understand the difference between Islamic banking and investing in real estate is ignorance about the two. Both are dissimilar and have different goals and policies. Islamic banking is completely different from Islamic financial planning or Islamic finance. Therefore, there is no difference between the two, except that one may prefer to use Islamic banking techniques for personal use or work on a small scale. The other prefers to use large scale investments in the stock market and financial markets.
Lastly, there is the misconception that there is no need for an Islamic financial expert when you want to invest your money in Islamic trading. It is not uncommon for traders who do not have any experience in stock trading to make mistakes, so it is important to have some form of training before starting to trade online. You can learn more about Islamic trading online or through traditional classes.
Islamic law governs several aspects of the Muslims in their day-to-day life including economic factors. Details are outlined in their holy book Kora and mentioned in the Sharia Law to show the pathway to be followed.
In a day trading, the black and white pathway becomes grey and many remain confused and asks 'Is Investing Haram'.
The main concern in a day trading is the risk-sharing feature, which is regulated by certain principles like Bai Salam, Bai Muajjal (credit sale), Mudarabha (profit sharing), Bai' al 'inah (sale and thereafter buy-back agreement), Murabahah, Bai' ithaman ajil (deferred payment sale) and Musawamah.
Many believe buying shares is Halal and not Haram. They argue that it is owning a certain percentage in a business.
It is to be assured that the company is following Islamic rules in business. Anything un-Islamic means buying shares of it is Haram. Buying an alcohol company's shares will be treated as Haram. Similarly, Muslims are not allowed to buy shares from gambling companies.
From the Islamic perspective the companies can be categorized into three groups.
Companies dealing in medical equipment, tools, real estate, clothing, shipping, manufacturing, supplies and furniture are not categorized in Haram and hence shares of these companies are completely Halal.
Companies dealing in tourism, hotels, alcohol, nightclubs, riba-based banks (unjustified lending), commercial insurance companies and pornographic materials are categorized as Haram and so shares of these cannot be treated as Halal.
Transportation companies usually have accounts in interest-based banks and it has been seen they are often financed through stocks or riba-based loans. Such companies are called mixed companies.
The easiest decision is to avoid buying shares of such companies. However, in some cases trading shares of these companies cannot be termed as Haram. The answer to ‘Is Investing Haram’ question is tough here.
In some cases the companies may not be dealing completely in an un-Islamic manner. For instance if their un-Islamic dealings are limited to 10% of the total business volume, it is suggested to donate 10% of the profits earned from shares of such companies to charity and remain in Halal position.
Interest is prohibited in Islamic law. The exchange of £100 should be strictly £100. Nothing extra can be taken in the name of interest.
In share trading the exchange is not always equal as the companies can make profit or loss so the pay-in and pay-out differ.
Hence, Islamic scholars suggest buying shares of only Halal companies. The money earned from trading of these companies can be considered as Halal. The answer to the question ‘Is Investing Haram’ is straightforward here.
If you are still confused, it is suggested to take the help of Islamic stock screening software. Furthermore, it is better to avoid heavily leveraged companies which deal in buying and selling of Haram goods or services.
In broader sense currency trading looks Halal investment but digging deeper reveals the opposite. In leverage, the Forex trading is considered as Haram as the loan is given considering interest can be earned. Interest is Haram in Islamic Law.
Non-market trades equipped with limit and stop orders are considered as Haram. According to Islamic Law, the exchange of goods should be in the same sitting. This means the entry and exit need to be almost immediate.
Most of the trading brokers facilitate opening the so-called Islamic trading accounts. Such accounts are considered as Halal and depend partly on the trader and the broker. However, both need to meet the below criteria:
Immediate trade execution - The two parties need to execute the trades immediately, without any delay as it used to be hand to hand exchanges during the initial periods of the Islamic religion.
Immediate transaction cost settlement - The transaction costs such as fee or interest need to be settled immediately.
Zero interest rates - No interest should be involved in the trading to make it Halal. Islamic Law prohibits interest and hence no interest should be attached to trading.
We have conducted extensive research and analysis on over multiple data points on Is Investing Haram to present you with a comprehensive guide that can help you find the most suitable Is Investing Haram. Below we shortlist what we think are the best Islamic after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Is Investing Haram.
Selecting a reliable and reputable online Islamic trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Islamic more confidently.
Selecting the right online Islamic trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Islamic trading, it's essential to compare the different options available to you. Our Islamic brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Islamic broker that best suits your needs and preferences for Islamic. Our Islamic broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Islamic .
Compare Islamic brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Islamic broker, it's crucial to compare several factors to choose the right one for your Islamic needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Islamic . Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Islamic that accept Islamic clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | EasyMarkets | FXPro | ThinkMarkets | FXPrimus |
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), TF Global Markets Int Limited (Seychelles) (8424818-1), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TFG (Payments) Limited (United Kingdom) (10537331), Think Capital Services UK Ltd (United Kingdom) (11054653), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272), TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Seychelles Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272) | VFSC (Vanuatu Financial Services Commission) (14595), CySEC (Cyprus Securities and Exchange Commission) (261/14) |
Min Deposit | 200 | 10 | 50 | No minimum deposit | 5 | No minimum deposit | 100 | 25 | 100 | 50 | 15 |
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Used By | 200,000+ | 730,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 250,000+ | 7,800,000+ | 450,000+ | 300,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | ThinkTrader, WebTrader, TradingView, TradingView, Mobile Apps, iOS (App Store), Android (Google Play) | WebTrader, MT4, MT5, cTrader, Mobile Apps, iOS (App Store), Android (Google Play) |
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Learn More |
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Up with fxprimus |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. | 74-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
easyMarkets Demo |
FxPro Demo |
ThinkMarkets Demo |
FXPrimus Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, AO, BR, HR, GL, IS, IM, JM, FM, MC, NG, SI, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, CA, IR | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
You can compare Islamic ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Islamic for 2025 article further below. You can see it now by clicking here
We have listed top Islamic below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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