The minimum deposit to open an eToro Islamic account is $1000.
eToro has launched Islamic accounts for online financial trading on its 24-hour online trading platform.
The company stated that it does not charge interest on Islamic accounts and guarantees that there is no form of Riba-based interest in these accounts in order to ensure their conformity with the principles of Islamic law.
In a statement, eToro said that with Islamic accounts all open operations after 5 pm New York time usually extended for the next 24 without deduction of any rollover commissions.
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