### Shariah-Compliant Proprietary Trading Firms
True **fully Shariah-compliant prop firms** (funded trader programs) are rare, as many popular ones involve CFDs, excessive leverage, speculation (**gharar/maysir**), or structures that scholars deem non-compliant. Most firms offering "Islamic" or **swap-free accounts** eliminate interest (**riba**) on overnight positions but may not address other issues like derivative trading or challenge fees resembling gambling.
No prop firm is universally certified as halal by major Shariah boards, and opinions vary among scholars (e.g., some permit demo-based evaluations as skills tests, while others like Darul Fiqh rule most as impermissible). Always consult a qualified Islamic scholar for your situation.
#### Prop Firms Offering Swap-Free (Islamic) Accounts
These provide no-swap options (often requiring proof of faith), making them partially suitable for avoiding riba, but check if they allow trading only halal assets (e.g., spot forex or Shariah-compliant stocks without derivatives):
- **FundedNext** — Popular for Islamic accounts; swap-free with various challenge models.
- **Funding Pips** — Offers swap-free options and frequently updated for halal trading.
- **Blue Guardian** — Provides Islamic accounts with discounts and flexible rules.
- **AquaFunded** — UAE-based, emphasizes Shariah compliance with swap-free trading.
- **FTMO** — Has a swap-free "Swing" account, but many scholars criticize its CFD-based model.
- **BlackBull Markets** (prop arm) — Flexible Shariah-compliant accounts.
- **FBS** (associated prop options) — Swap-free Standard accounts.
- **E8 Markets** (formerly E8 Funding) — Offers Islamic options.
Lists from sites like allproptradingfirms.com and mdfinancialskills.org highlight more firms adding swap-free features in 2025, including PipFarm and others.
#### Potentially More Ethical/Halal-Focused Options
- **PropFirm.com** → Markets itself specifically for Muslim traders: no riba, no swap, live accounts, transparent, and profits only when you succeed (no fees for failing).
- Some firms experiment with **spot-only trading** (e.g., certain crypto prop firms on platforms like Bybit for spot assets).
#### Recommendations
- Prioritize firms trading real halal assets (e.g., Shariah-screened stocks via direct ownership, not CFDs) with mudarabah-like profit-sharing.
- Avoid most forex/CFD-focused prop firms, as they often involve impermissible instruments.
- Safer halal alternatives: Direct investing in Shariah-compliant stocks/ETFs via brokers like Interactive Brokers (with Islamic accounts) or apps like Zoya for screening.
Research current terms, as offerings change, and seek a personalized fatwa.