The international forex broker received awards for “Most Innovative Product” for their true Amanah accounts and “Fastest Growing Forex Broker” in recognition of the impressive growth of the company in the past six months.
The awards were presented to Andrey Dashin, the founder of ForexTime. “I am proud to receive these two awards which recognize how the company is striving to redefine the forex trading experience,” he said. “I am especially delightedto receive the ‘Most Innovative Product’ award as this is an acknowledgement that our Amanah accounts, which are certified by religious scholars, are truly unique and ground-breaking in the industry.”
ForexTime’s true Amanah accounts have been developed by leading Islamic finance specialists in close consultation with religious scholars. They are based on “Musharakah”, a form of collaboration between two or more partners, where the profits and losses are shared based on predefined ratios.
George Stylianou, CMO of ForexTime, said, “According to Islamic law, giving or taking interest on transactions is strictly forbidden. With FXTM Amanah accounts, all interest charges are cancelled. We recognize the importance of supporting our Middle Eastern customers with products and services that are tailored to their needs and we are proud to be the first forex broker to offer true Amanah accounts that are approved by Islamic religious scholars.”
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