Alqard Alhassan (Intraday Program)

Aljazira Capital created the Sharia Compliant Alqard Alhassan, a fee-free intraday margin program, as part of its Margin Finance for Traders division. The company's Sharia Board has given this program its complete approval since its establishment in 2008. The special program satisfies daily traders' demand to take advantage of the free daily margin and leverage their trading limitations during trading sessions in order to maximize gains. The Intraday Program can lend traders 100% (1 to 1) of the amount of their initial Saudi stock market investment. Subject to daily settlement of used funds throughout the trading day, clients may use the intraday limit for a full year without paying a fee.