Capital Index announces the launch of a new Shariah compliant trading account.
Capital Index have recently announced the launch of a new Shariah compliant trading account with a view to attracting new clients from the Middle-East and Africa. The Capital Index Islamic trading account is in strict accordance with Islamic principles and offers traders who are followers of the Islamic religion the opportunity to trade the world markets without incurring any Swap or Roll-Over fees on positions held overnight. Many traders who follow the Islamic faith are prohibited from accepting interest (“Riba”) on their trading accounts. The absence of any Swap or Roll-Over fees on the Capital Index Islamic account means that at no point will interest be charged to the account or contained within the prices quoted.
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Robert Woolfe from Capital Index explains that “attracting new customers from the Middle-East and Africa has always been part of our expansion plan. We knew that if we were going to be successful in these territories we would need to create an account that was sensitive to the religious laws of Islam. Our Shariah compliant account does exactly this. The Islamic account may not contain any swap or roll over fees but will still receive all the same benefits of our most popular ‘Advanced’ trading account. Since launch we’ve already been very encouraged by the number of traders in these regions enquiring about opening an Islamic account with us.”
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About Capital Index
Founded in 2014, Capital Index is a global online brokerage specialising in CFDs, Financial Spread Betting and Spread Trading on a range of financial instruments including Foreign Exchange (FX), Commodities, Indices and Metals. With operations in the UK, Australia, South Africa and Cyprus the company is staffed by experienced traders and professionals with distinguished reputations in the financial market, offering in-depth knowledge, strong client focus and total commitment to ethical standards. They are supported by an advanced technical infrastructure that provides an outstandingly efficient, rapid online trading environment.
Capital Index (UK) Ltd is authorised and regulated in the UK by the Financial Conduct Authority (register number 709693). Capital Index (Cyprus) Limited is regulated and supervised by the Cyprus Securities and Exchange Commission with CIF Licence number 249/14. Capital Index (Cyprus) Ltd is a juristic representative of Khwezi Financial Services under FSB license number 44816. Capital Index Pty Ltd is a Corporate Authorised Representative (CAR No. 469644) of Capital Index Markets which is registered with the Australian Securities and Investments Commission (AFSL No. 422661). Capital Index Markets is the trading name for Finsa PTY Ltd. The registered office of Capital Index (UK) Ltd is 480 Salisbury House, London Wall, London EC2M 5QQ.
Risk warning: Dealing in margined products such as spread betting, spread trading and CFDs involves a high level of risk and you can rapidly lose more than your original investment. Please ensure you fully understand the risks involved and seek professional advice if necessary.