What is this - Swap Free Accounts?

I saw this on a broker site. What the heck is this about?


Islamic / Swap Free

Islamic accounts are also called swap free forex trading accounts. They are sometimes referred to as Shariah forex accounts to signify that they are in accordance with the Islamic religious law. This type of account is especially intended to Muslims as swaps go against their religious beliefs.
InvestTechFX

We have several Muslim traders on the site. It's against Islam (haram?) to pay or be paid interest.

Also called a "No riba" account.

Be careful with these. Some brokerages are happy to hand them out to anyone, then charge "maintenance fees" that are much larger than any swap interest you would have paid. Make sure to get EXACT details of how any swap free account works in writing before funding it.