#firstdealofthenewyearFateema Islamic Forex accounts, also known as swap-free accounts, are specially designed for traders who follow Islamic principles and wish to avoid interest (Riba), which is prohibited in Islam. Key Features: 1. No Swap/Interest: These accounts do not involve any overnight interest or rollover fees on open positions, which is in line with Islamic law. 2. Compliant with Shariah Law: Islamic accounts ensure that all transactions adhere to the principles of Islamic finance. 3. Same Trading Conditions: They offer the same trading conditions as regular Forex accounts, including access to various currency pairs, leverage, and execution methods. 4. Alternative Fees: Instead of swaps, brokers may charge a fixed commission or a higher spread to compensate for the absence of overnight interest. Islamic Forex accounts are intended for Muslim traders who want to participate in Forex trading while adhering to religious guidelines .