We at OptionBanque are proud to introduce the Halal Islamic Binary Options Trading Account, tailored specifically to meet the requirements of Muslim traders. Fullycompliant with the Islamic Sharia laws, these trading accounts are also called Interest Free Islamic Accounts. Each and every client of Option Banque, who follows the Islamic faith, is eligible for the Halal Islamic Accounts. This trading account is completely free from any additional charges and/or financial penalties.
For our valued Muslim clients, we offer the Halal and Sharia compliant binary option business model where they buy and sell back the binary option contracts that they trade on our platform, within a certain period of time. For example, if a trader buys a call option on the EURUSD at strike 1.3010 with an option life of 30 minutes. After 30 minutes, if the price of EURUSD is 1.3005, the trader can sell the earlier purchased option back to OptionBanqe.com, at its market value which may be slightly positive or zero. Similarly, if the EURUSD price is 1.3020 at expiry then the trader can sell back the earlier purchased call option to OptionBanque at its pre-determined market value. This way the entire investment process works under the Halal Buying/Selling business model, where the option is transacted upon like a regular commodity, instead of an interest bearing security.
OptionBanque traders enjoy the facility of interest free trading. We do not charge any additional fee or interest if you choose to let your binary option position open for more than 24 hours. Paying/Receiving interest in any form is forbidden according to Islamic faith so we make sure that our binary option services for Muslim traders, under the Halal Islamic Account, meet the Islamic Sharia Laws.
There are certain assets that are prohibited for trading according to the Islamic faith such as stocks of companies involved in gambling/wine/interest-based businesses. At OptionBanque.Com, we make sure that Muslim traders participate only in Halal assets that are fully Sharia compliant. For this purpose, our account managers provide a list of halal and permissible assets under the Sharia laws.
You can enjoy following advantages by choosing our Halal Islamic Accounts:
Should you require any further information about our Halal Islamic Account, please feel free to email us on firstname.lastname@example.org