Common use of ISLAMIC ACCOUNTS Clause in Contracts

ISLAMIC ACCOUNTS. 35.1. In the event that a Client, due to his observance of Islamic religious beliefs cannot receive or pay interest, the Client may elect to designate, in the manner provided by the Company, its Client Account to be an Islamic Account, which is not charged with, or entitled to, overnight interest and/or rollovers.

ISLAMIC ACCOUNTS. 35.132.1. In the event that a Client, due to his observance of Islamic religious beliefs cannot receive or pay interest, the Client may elect to designate, in the manner provided by the Company, its Client Account to be an Islamic Account, which is not charged with, or entitled to, overnight interest and/or rollovers.