AI Hub 18 April 2023 What defines a forex account compliant with Islamic finance principles? Forex trading is a popular investment option for many individuals, but it can be difficult to find an account that complies with Islamic finance principles. Islamic finance is based on the principles of Sharia law, which prohibits certain activities such as usury and speculation. This means that many traditional forex accounts are not compliant with Islamic finance principles. Fortunately, there are now a number of forex accounts available that are compliant with Islamic finance principles. These accounts are known as “Islamic Forex Accounts” or “Swap-Free Accounts” and they provide traders with the opportunity to trade in the forex market without having to worry about violating Sharia law. So what defines an Islamic Forex Account? The main feature of these accounts is that they do not allow traders to earn interest...