EToro Launches Islamic Accounts For Online Financial Trading

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The minimum deposit to open an eToro Islamic account is $1000.

Sunday 12, May 2019 BY KUDAKWASHE MUZORIWA

eToro has launched Islamic accounts for online financial trading on its 24-hour online trading platform.

The company stated that it does not charge interest on Islamic accounts and guarantees that there is no form of Riba-based interest in these accounts in order to ensure their conformity with the principles of Islamic law.

In a statement, eToro said that with Islamic accounts all open operations after 5 pm New York time usually extended for the next 24 without deduction of any rollover commissions.

 

TAGS : Islamic law, eToro, Riba-based interest

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