In 2021, StormGain has announced the arrival of a highly anticipated product on its platform: the new accounts for Muslim traders, thus bringing all the possibilities of the world of cryptocurrencies to those clients who wish to trade ethically according to their religious convictions and beliefs.
What makes this new account for Muslim traders different?
The precepts of Islam prohibit the so-called riba (usury), or gharar (gambling).
A Muslim account allows trading in the markets in accordance with the principles of Islamic law. Consequently, the new account for Muslim traders is swap-free and does not earn interest or generate rollover fees.
The adaptation of the world of cryptocurrencies to the Islamic banking philosophy has been the subject of discussion among numerous experts. There was initially some skepticism regarding this new technology. However, as the financial community became better acquainted with this new type of asset, numerous entrepreneurs within the Muslim world strove to create tools that would help reconcile cryptocurrency with the financial practices permitted by sharia law. Likewise, Islamic banking experts agree that blockchain technology and cryptocurrencies could create great opportunities within the Muslim world, especially in those regions where traditional banking services are insufficient or unfair. In this context, maslaha (public interest).
Find out more about StormGain’s Swap Free account
The best cryptocurrency platform in the global market
StormGain was created with the aim of bringing and facilitating investment in cryptocurrencies to all audiences, and in StormGain’s community, there is room for people of all confessions and convictions. Muslim users can now enjoy the exclusive benefits of the StormGain platform. This includes access to StormGain’s award-winning, intuitive and easy-to-use interface from both the web and StormGain’s smartphone app, being served by friendly and responsive customer service, storing assets securely in numerous integrated crypto wallets, and enjoying up to 300x interest-free leverage on major cryptocurrency pairs.
To create an Islamic account, sign up here. Remember that Islamic accounts are not available for those users who already have an account on StormGain’s platform.
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Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...