What instruments am I allowed to trade with an Islamic account?
You can trade the same instruments with the same trading conditions as any other account type, just without the swap fees.
What fees are associated with my Islamic account?
Islamic accounts at Doo Prime are designed to comply with Sharia law, which means they are free from interest-based charges. However, other trading fees may apply, such as:
- Administrative fees: There may still be small administrative fees applied on all open positions. When a position is reopened, the new position is calculated based on the closing price, rather than the original opening price.
- Holding Fee: A holding fee will apply for positions held overnight. A triple holding fee will be applied on Fridays, and only negative fees will be charged (no positive fees will be credited).
- Other Fees: Depending on your trading account type, there may be commissions and dividend charges for applicable trading instruments.
What is the minimum deposit requirement for an Islamic account?
The minimum deposit requirement for an Islamic Account is $100 USD which is the same for a STP or ECN account.
Which countries are eligible for an Islamic account?
Nationals of the following countries are eligible for an Islamic account:
Türkiye, Mali, Somalia, Syria, Iran, Iraq, Afghanistan, Algeria, Bangladesh, Burkina Faso, Congo - Kinshasa, Egypt, Ethiopia, Guinea, India, Indonesia, Côte d’Ivoire, Kazakhstan, Morocco, Niger, Nigeria, Pakistan, Philippines, Russia, Saudi Arabia, Senegal, Sudan, Tanzania, Uzbekistan and Yemen.
