Best Islamic Forex Brokers UAE 2026

Last reviewed:January 15, 2026

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By:James Anderson

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Fact-checked by:Emily Watson

Top Halal Forex Brokers in UAE

For Muslim traders in the UAE, Sharia-compliant trading is non-negotiable. We've selected brokers regulated in the Middle East that offering genuine swap-free accounts.

What makes a forex account Halal?

A Halal (Islamic) forex account must not charge or pay overnight interest (Swap/Rollover) in accordance with the prohibition of Riba. Trades must be spot or settled immediately.

Sharia Compliance

Admin fees and terms.

Broker
XM	Swap-Free (No Markup)	None
Exness	Swap-Free Extended	None
HFM	Swap-Free	None
AvaTrade	Islamic Account	Daily after 5 days
Pepperstone	Swap-Free (Admin Fee)	$0 (first 5 days)

Detailed Broker Analysis

Pepperstone

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Recommended

Best Islamic Account.

4.8/5App Score

Pepperstone offers a specialized Swap-Free account for UAE residents. There are no swap charges; instead, an admin fee applies only if trades are held longer than 5 days.

Forex spread classRazor

Minimum deposit$0

Inactivity fee$0

Currency pairs90+

Deposit methodsVisa, Bank

Withdrawal fee$0

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XM

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Recommended

100% Halal.

4.7/5App Score

XM provides a true Islamic account with no spread widening and no hidden up-front commissions. It is widely regarded as one of the most transparent Halal options.

Forex spread classLow

Minimum deposit$5

Inactivity fee$0 (active)

Currency pairs55

Deposit methodsLocal Bank

Withdrawal fee$0

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Exness

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Recommended

Extended Swap-Free.

4.9/5App Score

Exness offers 'Extended Swap-free' status to Muslim countries, allowing you to hold positions on majors, gold, and oil indefinitely without any overnight fees.

Forex spread classUltra-Low

Minimum deposit$10

Inactivity fee$0

Currency pairs100+

Deposit methodsBank Card

Withdrawal fee$0

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Frequently Asked Questions

A Halal (Islamic) forex account must not charge or pay overnight interest (Swap/Rollover) in accordance with the prohibition of Riba. Trades must be spot or settled immediately.

Legitimate Islamic accounts like those from XM and Pepperstone do not widen spreads. However, some brokers may charge a flat 'administrative fee' instead of interest.

Forex trading is generally considered Halal if it involves spot trading without interest (Riba) and lacks excessive uncertainty (Gharar). Always consult a religious authority for a personal ruling.

Why Trust BrokerAnalysis?

Our reviews are built using verified broker data, regulatory records, and hands-on testing. Rankings are updated regularly and are not influenced by paid placements.

Our Methodology Meet Our Team

Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Not Financial Advice:

Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers →

Affiliate Disclosure:

BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology.

Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.

Independent Analysis

Rankings based on verified data and hands-on testing. See our methodology →

Data Verified

January 2026

Trading Styles

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