Is an account offered by an Islamic website, characterized by the absence of interest on contracts lasting more than 24 hours, a perpetually zero renewal fee, no additional commissions or account management fees, revenues limited to price differences, and offering leverage (f) without interest, considered compliant with Islamic requirements? And what is the ruling on trading indices such as the Dow Jones Industrial Average Index?
The aforementioned account is not permissible شرعًا (Islamically) because it involves usury (riba). This is because the intermediary lends to the client to profit from the buying and selling commissions, making it a loan that brings a benefit, and every loan that brings a benefit is usury. The jurists have agreed that every loan that brings a benefit is forbidden usury.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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