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Swap-free (Shariah compliant) accounts  

Shariah compliant finance is an area of modern finance that is rapidly growing, with many global banks and specialist investment houses tailoring products to Middle Eastern clients, as Middle Eastern countries take a stronger financial position across global markets. Abshire-Smith is proud to be able to offer Shariah compliant accounts and also Shariah compliant White Labels for institutions looking to offer such accounts to their clients.

Swap-free trading (Shariah compliant) accounts are available on both the MetaTrader 4 and VertexFX 10 trading platforms.

Swap-free accounts are provided for the benefit of our clients. Using this facility for carry trades, arbitraging or a strategy that is designed to take advantage of interest rate differentials is seen as abuse. Example of abuse; holding FX positions such as AUD, NZD, ZAR, TRY for sustained periods that would incur significant overnight interest costs, to benefit from the interest differential. Abshire-Smith reserves the right to revoke the swap-free facility if the facility is being abused and apply the applicable swap/storage for any trades.

For further information regarding our Shariah compliant (Swap-free) trading accounts please email dealing@abshire-smith.com.

Swap Free

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