Amanah Accounts
As an international and culturally sensitive company, we felt that offering Islamic accounts was an integral piece of the puzzle; we respect all of our clients and want to offer everyone equal opportunity to trade, which is why we have created a Shariah compliant trading account by the name of Amanah. This account is absolutely interest-free and adheres to the investment principles of Islamic finance. Moreover, it is the first in Europe to be officially approved by prominent Islamic scholars - view the official certificates here.
What You Can Enjoy with FXTM Amanah Accounts:
OPEN AN AMANAH ACCOUNT
Leverage up to 1:1000
Profit sharing from 7% - 2%
Spreads starting from 0 (zero pip)
Availability on ECN MT4, iOS, Android and Windows Mobile
Demo and Live versions
Islamic Finance and the Creation of Amanah
The fundamentals of Islamic Finance have been around for many centuries, but it was not until the late 20th Century that the concept began to develop rapidly and gain popularity in the Western world. Islamic Finance aims to establish a more equal society; interest being regarded as an element of social injustice in the Muslim world and thus contrary to Islamic principles and Shariah.
The implementation of Islamic Finance into the Western financial system has made it possible for members of the Muslim community to invest without violating Shariah principles, regardless of where they live. This has attracted significant attention around the world and modern financial institutions everywhere have adapted to offer interest-free services, in this way catering to a wider clientele and showing respect to the Muslim community. Islamic financial solutions and other Shariah compliant products often come under the term 'Amanah' because this word stands for fidelity and integrity.
Advantages of Islamic Finance
According to religious scriptures, man must promote a fair and balanced society through sincerity and goodwill. Islamic Finance embodies the principles of equality and removes elements of greed, promoting such a society.
Interest-free investing is believed to help in alleviating social tension.
Islamic Finance has proven to be resilient to the global economic crisis and is therefore becoming increasingly popular worldwide.
