Common use of ISLAMIC ACCOUNTS Clause in Contracts

ISLAMIC ACCOUNTS. 4.12.1. In the event of a client who, due to its observance of Islamic religious beliefs, cannot receive or pay interest, such customer may elect to designate, in the manner provided, their trading account to be a ‘swap-free’ account not charged with or entitled to rollovers and/or interest (hereinafter referred to as ‘Islamic Account’). The customer hereby confirms and accepts that a request to render their account as Islamic shall only be made due to the said Islamic religious beliefs and for no other reason whatsoever. The Company reserves the right to refuse to accept the request of a customer to designate their account as an Islamic Account. Any open positions of Islamic accounts will expire at 12:00 GMT in 14 days from the day of opening the position.

ISLAMIC ACCOUNTS. 4.12.1. 4.9.1 In the event of a client who, due to its observance of Islamic religious beliefs, cannot receive or pay interest, such customer may elect to designate, in the manner provided, their trading account to be a ‘'swap-free’ ' account not charged with or entitled to rollovers and/or interest (hereinafter referred to as ‘'Islamic Account’'). The customer hereby confirms and accepts that a request to render their account as Islamic shall only be made due to the said Islamic religious beliefs and for no other reason whatsoever. The Company reserves the right to refuse to accept the request of a customer to designate their account as an Islamic Account. Any open positions of Islamic accounts will expire at 12:00 GMT in 14 days from the day of opening the position.

ISLAMIC ACCOUNTS. 4.12.1. 1.5.1 In the event of a client who, due to its observance of Islamic religious beliefs, cannot receive or pay interest, such customer may elect to designate, in the manner provided, their trading account ac- count to be a ‘swap-free’ account not charged with or entitled to rollovers and/or interest (hereinafter referred to as ‘Islamic Account’). The customer hereby confirms and accepts that a request to render their account as Islamic shall only be made due to the said Islamic religious beliefs and for no other reason whatsoeverwhat- soever. The Company reserves the right to refuse to accept the request of a customer to designate their account as an Islamic Account. Any open positions of Islamic accounts will expire at 12:00 GMT in 14 days from the day of opening the position.

ISLAMIC ACCOUNTS. 4.12.1. In the event of a client who, due to its observance of Islamic religious beliefs, cannot receive or pay interest, such customer may elect to designate, in the manner provided, their trading account to be a ‘swaprolling fees-free’ account not charged with or entitled to rollovers and/or interest (hereinafter referred to as ‘Islamic Account’). The customer hereby confirms and accepts that a request to render their account as Islamic shall only be made due to the said Islamic religious beliefs and for no other reason whatsoever. The Company easyMarkets reserves the right to refuse to accept the request of a customer to designate their account as an Islamic Account. Any open positions of Islamic accounts will expire at 12:00 GMT in 14 days from the day of opening the position.. Islamic accounts are to be used in good faith. Clients may not abuse their Islamic Account, which includes, but it is not limited, to: