Islamic (swap-free) accounts do not adhere to Shariah law
I made the decision to give up trading after learning that Islamic accounts—also referred to as swap-free accounts—do not adhere to Shariah law as CFD Gold is not backed by real gold. I therefore donated all of my earnings to charitable causes. In addition to there's nothing physical: - This broker does not hold certification from a specific Islamic regulatory or Shariah certification body for its Islamic accounts. - This broker does not engage an independent Islamic third party to perform annual Shariah-compliance audits of its Islamic accounts. - This broker does not have a Shariah-compliance department that ensures the accounts are operated in compliance with Shariah.