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Instead of using an automatically rolled over open market position which would make overnight interest payable, with this account type, any open position is closed by fast and easy online binary options indicator st paul New York time and reopened again immediately, thus avoiding paying any interest on the new 24 hour cycle. An Islamic account must meet these conditions: Immediate trade execution Immediate transaction cost settlement No payable interest on trades It is important to note however that some Muslims still consider trading to be Haram as they believe it to be gambling.

Also, as every trade or contract must have a loser and a winner, some Muslims think that as both parties cannot make a profit from the trade it is also not a suitable activity under Sharia Law. Boss Capital Review Boss Capital Review: Company Overview.

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