Shariah Compliant Investments Total Over $2.7 Trillion Dollars

Forex trading has become wildly popular worldwide and the Islamic world is no exception. It has been estimated that the amount of money invested in Shariah compliant investments totals over $2.7 trillion dollars. Shariah compliant simply means that the investments comply will religious law of Shariah law. Many investment funds that are Shariah compliant usually have Muslim clerics as paid consultants. Several investment houses use compensated Muslim clerics including such investment giants as Standard and Poors, Dow Jones, Deutsche Bank, Goldman Sachs and many others.

Shariah Compliant Financial Institutions

As can be seen the Shariah compliance finance market is huge and enables those of the Islamic faith to invest in a religiously and socially acceptable manner. Muslims living in non Muslim countries are allowed to use regular banks and financial institutions when there are no Shariah compliant alternatives available in that locale. Once a Shariah compliant financial institutions and banks are available the devout Muslim is obligated to use them.

Shariah Law and Forex Trading

There are several forex brokers and traders that specialize in investing according to Shariah law. Shariah compliant forex trading forbids the receiving and paying of interest or swaps while buying and selling on forex exchanges. According to The Accounting & Auditing Organization For Islamic Institutions; “SWAPS are not permitted in the forms in which they are practiced in commodity exchange”

Shariah Compliant Market Set For Huge Growth

Since Islamic Shariah law forbids the paying and receiving of interest Muslim forex traders will use Shariah compliant swap free trading platforms for their forex trading. It should be noted that these same trading platforms are open to anyone regardless of religious affiliation. These Shariah compliant accounts are not necessarily free from fees and commissions.
Because of the immense wealth in the Middle East and other Muslim countries Shariah law compliant forex brokers and traders have become big business in the world of forex. Shariah compliant brokers can easily be found online. As was stated before at present Shariah-compliant investments total over $2.7 trillion and this number is expected to grow by several times the present amount within a few short years if present trends continue.

Quick Forex Tip: The forex market offers investors the opportunity to profit even during a recession. If one currency rises another must fall creating constant opportunities for savvy investors to profit from currency moves. It is not difficult to learn how to trade forex currency and there are many very well written and user friendly learning programs and training courses available for free on the internet.  Besides training, the most important thing those who trade forex currencies must learn to follow political and economic news and interpret the results and the affect current events will have on forex markets.