Sharia compliant trading platform

LOL...Poor ShahidKhan,

For real, why don't you use a real broker like IB,with global access, buying stocks that are sharia compliant with a non margin account? Having an official ( and amateurish like UMEX ) islamic finance broker will cost you an arm...
 
Quote from tmarket:

Does Sharia allow leverage or margin?
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Yes, it does, see this quote:

Once I was walking with Allah's Apostle and he was wearing a Najram Burd with thick margin. A bedouin followed him and pulled his Burd so violently that I noticed the side of the shoulder of Allah's Apostle affected by the margin of the Burd because of that violent pull. The Bedouin said. "O Muhammad! Give me some of Allah's wealth which is with you." Allah's Apostle turned and looked at him and smiling. 'he ordered that he be given something. Volume 7. Book 72. Number 700.
 
Quote from shahidkhan:

Hi, I ve been looking for a trading platform to trade in sharia compliant stocks.
I ve looked all over the web and the only one I ve found is called UMEX Trader. It offers approx 10,000 sharia compliant stocks, global market coverage including MTFs, real time price feeds, dividend purification, research, etc.
Before I sign up for it, I would like to do more research.

Can anyone else recommend any other similar platforms?
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Quote from JPope:

This has the makings of a pretty entertaining thread.
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Maybe so, Pope, but this smells-of-a-jokester trading thread will most likely end up martyred in the Politics and Religion Forum.

In fact, it already appears to be well on its way to ET Hell.
:D
 
Quote from stockwrangler:

Maybe so, Pope, but this smells-of-a-jokester trading thread will most likely end up martyred in the Politics and Religion Forum.

In fact, it already appears to be well on its way to ET Hell.
:D
More...

A martyred thread will receive 72 virgin threads it can start.
 
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