Question Summary: No Riba Policy Question Detail:
Hope you are well. Ameen. Will the trading or investment be considered halal if it claims to be: .Sharia Compliant Investment ◦No Riba Policy: .No additional charges or hidden fees ◦Swap-Free Accounts: No interest rates for prolonged open positions or overnight open positions The above information were obtained from an entity: BigOption, which mentioned that they provide Islamic Account.
Answer :
In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. Kindly send us the full scheme and contract for us to evaluate. The information provided above is insufficient. We cannot issue a ruling based on few broad clauses mentioned above. And Allah Ta’āla Knows Best Bilal Issak Student Darul Iftaa Leicester, England, UK Checked and Approved by, Mufti Ebrahim Desai.
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