To avoid usury in spot trading, you can follow these tips:
### 1. **Using Islamic Trading Accounts**
- Choose trading platforms that offer Islamic accounts, as they are provided without interest. These accounts adhere to Islamic law.
### 2. **Avoid leverage with benefits**
- If leverage involves paying interest on borrowed amounts, it should be avoided. Use leverage that does not require interest.
### 3. **Trading in Halal Assets**
- Make sure that the assets you are trading are halal, such as shares in companies that comply with Islamic law. Avoid trading in haram assets such as shares in unacceptable areas.
### 4. **Avoid futures and interest-bearing derivatives**
- Be careful not to enter into contracts that involve interest or usurious fees, such as some types of futures or derivatives.
### 5. **Thoughtful Analysis**
- Rely on technical and fundamental analysis in making your decisions. Choose trading strategies based on information and data, not speculation.
### 6. **Avoid excessive speculation**
- Be careful not to engage in excessive speculation or trading on unsound grounds, as this can lead to illegal financial behaviour.
### 7. **Expert Consultation**
- Consult religious scholars or Islamic finance specialists for accurate advice on how to avoid usury in your trading.
### a summary
By applying these tips, you can reduce the risk of falling into usury while trading spot, making you trade in a more Sharia-compliant manner.
