RoyalCrypto.com offers Islamic accounts free of interest and interest in accordance with Islamic Sharia. By obtaining the terms of trading in the Islamic account, no additional commission is charged to the settlement of transactions for the trading account.
What is the meaning of Islamic accounts?
Islamic Trading Account is one of the unique accounts that you can not find in other trading markets. It is simply an account free of riba-based interest and also free from riba-based loans, since according to Islamic law it is forbidden for a Muslim to receive or pay any interest for trading. RoyalCrypto.com offers Sharia-compliant security trading with no extra commission on opening and closing deals. The difference between the regular accounts and the Islamic accounts in the Forex market - currency trading and metals and also known spot market (24 hours), if the transaction does not close before 5 pm New York open transactions are open for more than 24 hours (pay interest or take).
As for comparison with Islamic accounts, they are free of the benefits of tbeit and riba, no matter how long the deal lasts. It is difficult to see that it is the interest of payment, but rather a commission in return for extending the life of the commercial contract. So you have to reassure your investor to trade in Islamic accounts at RoyalCrypto.com because it guarantees you to trade in accordance with Islamic Sharia. Also, traders who do not have the full contract price can trade using the leverage that allows them to trade contracts that are much larger than their accounts without any interest interest as well, unlike regular accounts that are part of the commissions that are collected in the calculation of the interest rate by the purchase or Selling, the rate of interest calculated is directly linked to the interest rates of the central banks of the countries representing the currencies. It is a central factor in the calculation of commission rate, so in the scope of the application of the Islamic account is to dispense with payment or get these benefits in return for the settlement of transactions.
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