Islam prohibits business and trading operations that envisage earning interest. However, the Muslim world should not be excluded from global economic processes, like trading in Forex. An Islamic (or swap-free) account is a type of account that is designed specifically to meet the needs of traders who adhere to Islamic religious beliefs.
An Islamic account is different from a real one in only one aspect - it is swap-free. All orders on an Islamic account are automatically closed at 22:00:00 GMT every trading day. After that, they are immediately reopened at 22:00:01 GMT. Consequently, an open position is moved to the next trading period, but no swap is charged.
With Prime Stocks, you can easily open an Islamic account. You need to open a real one first, then send a request to the customer service to create a swap-free account, and provide the necessary documents.