Trading leveraged trading products carries a high level of risk. Losses can exceed your intial deposit.
In accordance with Islamic principles, the Capital Index Islamic account is Shariah compliant and offers traders who are followers of the Islamic religion the opportunity to trade the world markets without incurring any Swap or Roll-Over fees on positions held overnight. This Swap/Roll-Over free account means that at no point will interest be charged to the account or contained within the prices charged.
The Capital Index Islamic account is only available for Islamic traders who through their religious beliefs cannot accept interest being applied to their trading account.
Clients who follow the Muslim faith are exclusively entitled to request an Islamic Account for online financial trading where no swap charges or rollover fees are applied for holding overnight positions.
In the event that a client who due to their observance of the Muslim faith cannot receive or pay interest, such a client may elect to request, in the manner provided by Capital Index (Cyprus) Ltd, that their trading account to be a swap-free account (“Islamic Account”).
This requires that the client formally declares that a request to render their account as Islamic shall only be made due to their said Muslim faith and for no other reason whatsoever. Capital Index (Cyprus) Ltd reserves the right to refuse the request of a client to designate their account as an Islamic Account upon its sole and absolute discretion.
Furthermore, in the event that Capital Index (Cyprus) Ltd suspects that a client is abusing the rights conferred to them by the classification of their account as an Islamic Account, Capital Index (Cyprus) Ltd has the right, without prior notice, to proceed with one or more of the following:
A handling charge will initially be applied to any position held overnight on day one and then every third day thereafter. For more information regarding these charges click here .