Investors who require interest (riba) free trading products for faith related reasons now have the advantage of trading CFD’s in accordance with their religious teachings.
Sharia compliant brokers have been pushing their products forward to investors who fall under the Muslim segment.
GFT a leading FX, CFD and Spread Betting broker has introduced swap free CFD’s for its growing Middle Eastern client base.
This account undergoes a strict qualification process however those that qualify can open an interest-free CFD trading accounts.
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Interest-free CFD accounts with GFT are priced in exactly the same way as their standard CFD markets, but no daily financing will be credited or debited from the account for keeping a position open overnight. GFT will continue to proudly offer interest-free forex accounts, but now customers are able to trade from the following list of interest-free CFDs as well:
.US2000 interest-free, .DE30 interest-free, .ES35 interest-free, .IT40 interest-free, .STOXX50 interest-free, .US500 interest-free, .USTEC interest-free, .AUS200 interest-free, .JP225 interest-free, .N25 interest-free, .HK40 interest-free, .SWI20 interest-free, .US30 interest-free, .F40 interest-free, .JP225 interest-free, .WTI interest-free, .UK250 interest-free, .BRENT interest-free, .GOLD interest-free, .SILVER interest-free, .MGOLD interest-free and .UK100 interest-free.
The middle east is continuing to position itself as a leading hub in derivatives market, Forexmagnates team have written a detailed report on the past, present and future opportunities this thriving region offers, available in the next quarterly report coming out very soon.
September saw the first international derivatives and financial markets exhibition in Riyadh. Dubai’s leading commodity bourse, DGCX, is increasing MoM.