Exness Islamic Account

The Exness Islamic Account is a type of trading account specifically tailored for Muslim traders, allowing them to participate in financial markets in a way that aligns with Islamic principles. Central to Islamic finance is the prohibition of Riba (interest), which applies to any interest-bearing transactions, including overnight fees or swap charges in trading.

To support Shariah compliance, the Exness Islamic Account is structured as a swap-free account, meaning traders are not charged any interest or swap fees on positions held overnight. This feature enables Muslim traders to hold trades long-term without incurring interest, making it suitable for those who wish to engage in forex, metals, indices, and cryptocurrency trading within a framework that respects Islamic values.

While ensuring adherence to Islamic finance principles, the Exness Islamic Account provides access to the same benefits as other Exness accounts, including competitive spreads, fast execution, and access to Exness’s platforms like MetaTrader 4, MetaTrader 5, and the Exness Web Terminal.

Step 1: Register for an Exness Account

• Visit the Exness Website or App: Go to the official Exness website or download the Exness mobile app (available on iOS and Android).
• Sign Up: Click on the Sign Up button to create a new account. You’ll need to enter some basic information, including your email, phone number, and personal details.

Step 2: Complete Account Verification

• Identity Verification: Submit a valid government-issued ID (such as a passport or national ID) to verify your identity.
• Proof of Address: Provide a recent document (such as a utility bill or bank statement) that displays your address. Verification ensures your account is secure and enables full access to Exness features.

Step 3: Select Your Account Type and Enable the Islamic Option

• Choose Account Type: In your Exness Personal Area, select the type of account you wish to open. Most account types, such as Standard, Pro, and Raw Spread, offer the option to convert to an Islamic (swap-free) account.
• Enable Islamic Account: After selecting your account type, look for the Islamic Account or Swap-Free option. Activating this will automatically configure your account as swap-free, meaning there will be no interest charges on overnight positions.

Islamic financing operates under a set of ethical and religious guidelines derived from Shariah (Islamic law), aiming to ensure fairness, transparency, and risk-sharing in financial activities. These principles form the basis of Islamic finance and are applied to ensure transactions remain compliant with Islamic values. Here are the core principles:

• Prohibition of Riba (Interest): Islamic finance strictly prohibits Riba, or interest-based transactions. The Exness Islamic Account removes overnight interest (swap) fees, making it suitable for Muslim traders.
• Fair and Transparent Transactions: Islamic finance promotes fairness and transparency. Exness provides real-time market conditions, allowing traders to access transparent pricing and fair trading practices.
• Risk-Sharing Principle: Islamic finance encourages shared risk and responsibility. Traders using the Islamic Account can engage in permissible trading activities within an ethical and Shariah-compliant framework.

The Exness Islamic Account is designed to meet the needs of Muslim traders by providing a swap-free trading environment that aligns with Islamic finance principles. Here are the key features:

• No Swap Fees: Positions held overnight do not incur any interest or swap charges, ensuring that trading complies with Shariah principles.
• Available Across Multiple Account Types: The Islamic option is available for Standard, Pro, and other Exness account types, allowing Muslim traders to choose the account that best suits their needs.
• Access to Full Trading Tools: Islamic accounts offer access to all trading tools, indicators, and features available on Exness platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Exness mobile app.
• Competitive Spreads and Execution: Islamic accounts offer the same competitive spreads and fast execution as non-Islamic accounts, ensuring that traders enjoy high-quality trading conditions.