(Based on Shafi’i Fiqh & Modern Islamic Finance Standards)
1. Introduction
This manual provides a step-by-step framework to configure the AISHE AI trading system in full compliance with Sharia principles. As the user, you bear ultimate responsibility for ensuring all settings align with Islamic law.
2. Core Sharia Compliance Requirements
A. Permissible (Halal) Instruments
AISHE may only trade these pre-approved asset classes:
- Spot Metals (Physical ownership concept)
XAUUSD(Gold)XAGUSD(Silver)
- Forex Majors (Spot only, no swaps)
EURUSD,GBPUSD,USDJPY- Condition: Must be traded via Islamic/Swap-Free accounts.
B. Prohibited (Haram) Instruments
AISHE must never trade:
- All CFDs (Indices like
US500Cash, Commodities except metals) - Cryptocurrencies (
BTCUSD,ETHUSD) - Exotic Forex Pairs (
USDTRY,TRYJPY) - Leveraged ETFs or Derivatives
3. Mandatory System Configuration
A. Symbol Whitelisting
- In MetaTrader 4/5:
- Navigate to Market Watch → Right-click → Hide All
- Manually activate only halal symbols from the permitted list.
- In AISHE’s code:
ALLOWED_SYMBOLS = ["XAUUSD", "XAGUSD", "EURUSD", "GBPUSD", "USDJPY"] # Customize this list
B. Swap Avoidance Protocol
- Trading Window: All positions must close by 22:30 London Time (GMT+2) daily.
- Technical Implementation:
if current_time() > "22:30": close_all_positions() # Force-closes before swap calculation
C. Leverage Limits
- Maximum leverage: 1:30 (Higher ratios are speculative/gharar).
- Broker Note: Use regulated Islamic brokers (e.g., Bafin/Labuan FSA licensed).
4. Sharia Audit Trail
Maintain logs for:
- Daily Trade Reports (Symbols, entry/exit times, profit/loss).
- Monthly Compliance Checks:
- Verify no trades occurred on prohibited instruments.
- Confirm all positions closed before swap time.
5. Islamic Finance Principles Explained
A. Riba (Interest) Avoidance
- Why? Quran 2:275 prohibits all interest-based transactions.
- How AISHE Complies:
- Uses swap-free accounts.
- Avoids overnight positions.
B. Gharar (Uncertainty) Mitigation
- Why? Hadith: “Do not sell what you do not possess.” (Tirmidhi).
- How AISHE Complies:
- Trades only highly liquid assets.
- No derivatives or binary options.
C. Maysir (Gambling) Prevention
- Why? Quran 5:90 compares gambling to “Satan’s handiwork.”
- How AISHE Complies:
- Bans speculative instruments (CFDs, cryptos).
6. User Responsibilities
- Initial Setup:
- Select only halal brokers offering:
- Swap-free accounts.
- No hidden fees.
- Select only halal brokers offering:
- Ongoing Monitoring:
- Weekly review of AISHE’s trade history.
- Annual revalidation of broker’s Sharia compliance.
7. Sample Compliance Checklist
| Task | Frequency | Status (✓/✗) |
|---|---|---|
| Verify symbol whitelist | Weekly | |
| Check swap-free status | Monthly | |
| Audit trade logs | Quarterly |
8. Conclusion
By rigorously implementing these guidelines, AISHE operates as a fully Sharia-compliant autonomous trading system. For complex cases, consult a qualified Islamic finance scholar.
“Allah has permitted trade and forbidden interest.” (Quran 2:275)
Frequently Asked Questions (FAQ) – AISHE Halal-Compliant AI-System
1. Is AISHE Sharia-compliant?
✅ Yes, but only if correctly configured. AISHE itself is a tool, and compliance depends on:
- Halal symbol selection (e.g., only gold, silver, and certain forex pairs).
- Swap-free/Islamic account (to avoid Riba/interest).
- No haram instruments (CFDs, cryptos, leveraged ETFs).
2. Which assets are allowed (Halal) in AISHE?
✅ Permissible (Halal) Instruments:
- Gold & Silver (Spot) →
XAUUSD,XAGUSD(physical ownership concept). - Major Forex Pairs (Spot, no swaps) →
EURUSD,GBPUSD,USDJPY. - Only on Islamic broker accounts (swap-free).
❌ Forbidden (Haram) Instruments:
- All CFDs (Indices like
US500Cash, commodities except metals). - Cryptocurrencies (
BTCUSD,ETHUSD). - Exotic forex pairs (
TRYJPY,USDZAR, etc.). - Leveraged ETFs & derivatives (excessive uncertainty/Gharar).
3. How does AISHE avoid Riba (interest)?
- No overnight positions → All trades close before 22:30 London Time (prevents swap charges).
- Uses swap-free broker accounts.
- No rollover of positions into the next day.
4. What about leverage? Is 1:100 allowed?
⚠️ No, high leverage is discouraged.
- Recommended max: 1:30 (some scholars allow up to 1:50, but lower is safer).
- Higher leverage = More Gharar (excessive risk) → Potentially haram if speculative.
5. Can AISHE trade stocks or ETFs?
- Only if manually screened for Sharia compliance (e.g., debt <30%, no haram business).
- Most stocks/ETFs are problematic → Stick to spot forex & metals for safety.
6. Does AISHE automatically filter Haram assets?
- No, YOU must configure the whitelist.
- AISHE can only trade what you allow in the settings.
- Example (in MT4):
ALLOWED_SYMBOLS = ["XAUUSD", "XAGUSD", "EURUSD", "GBPUSD"] # Customize this!
7. What brokers are compatible with AISHE for Halal trading?
🔹 Must offer:
- Swap-free (Islamic) accounts.
- Regulated (e.g., BaFin, FCA, Labuan FSA).
- No hidden fees or interest-based charges.
❌ Avoid brokers promoting CFDs, cryptos, or high leverage.
8. How do I ensure ongoing Sharia compliance?
- Daily: Check trades closed before 22:30 London Time.
- Weekly: Verify only whitelisted symbols were traded.
- Monthly: Audit logs for any haram activity.
9. Is crypto trading allowed with AISHE?
🚫 No. Most scholars consider cryptocurrencies highly speculative (Maysir/Gharar).
- Exception: Physically-backed digital gold (e.g., XAU as tokenized asset), but still debated.
10. What if AISHE accidentally trades a Haram asset?
⚠️ Immediate action required:
- Close the position manually.
- Purify profits (donate to charity if haram earnings occurred).
- Fix the whitelist to prevent recurrence.
Final Advice:
AISHE is Halal when used correctly, but YOU must enforce the rules. Always:
✔ Use an Islamic broker.
✔ Trade only permitted symbols.
✔ Avoid overnight positions.
✔ Audit trades regularly.
Need a pre-configured Halal symbol list? Ask for a template! 😊