Based on Principles of Shafi’i Fiqh & Modern Islamic Finance Standards:
This document provides a framework for configuring and operating the AISHE system in a manner compliant with Sharia principles. It is for informational purposes and does not constitute a religious edict (fatwa). The ultimate responsibility for ensuring compliance with Islamic law rests with the individual user. For complex or personal religious inquiries, consulting a qualified Islamic finance scholar is strongly recommended.
The AISHE system is fundamentally a tool (adiah) that operates as a digital agent (wakil) under the full control of the user. As such, its use can be fully Sharia-compliant (Halal) provided the user implements a strict set of configurations and operational guidelines. This manual outlines the mandatory steps to create this Islamic framework.
Compliance is achieved through three core pillars:
- Strict Asset Control: The user creates a "whitelist" of only permissible (Halal) instruments.
- Systematic Riba Avoidance: The user utilizes a Swap-Free/Islamic brokerage account and configures AISHE’s Automated Trading Timer to close all positions daily, preventing overnight interest (swap) charges.
- Mitigation of Gharar & Maysir: The user avoids excessive leverage and restricts AISHE to transparent, liquid markets, thereby basing all activity on data-driven analysis rather than speculation or gambling.
By adhering to this guide, the user ensures that AISHE operates not just as a powerful AI, but as a disciplined agent acting in full accordance with the principles of Islamic finance.
1. Core Principles of Sharia-Compliant Trading with AISHE
This section explains the foundational Islamic finance principles and how AISHE’s design allows for adherence to them.
1.1. Riba (Interest) Avoidance
- Principle: The Quran (2:275) explicitly prohibits all forms of interest. In trading, this primarily applies to "swap" fees charged for holding positions overnight.
- AISHE's Compliance Mechanism:
- Mandatory Use of Swap-Free Accounts: AISHE must be connected to a certified "Islamic" or "Swap-Free" brokerage account that does not charge or pay overnight interest.
- Automated Swap Avoidance Protocol: The AISHE client has a built-in timer. The user must configure it to automatically close all open positions daily before the broker's swap calculation time (e.g., by 22:30 London Time). This provides a technical failsafe against incurring Riba.
1.2. Gharar (Excessive Uncertainty/Risk) Mitigation
- Principle: Islamic contracts must be clear and transparent, avoiding excessive uncertainty. The Hadith "Do not sell what you do not possess" (Tirmidhi) is often cited in this context, cautioning against contracts with ambiguous outcomes or subjects.
- AISHE's Compliance Mechanism:
- Trading Liquid, Transparent Assets: AISHE is designed to operate on highly liquid and transparent markets (like major Forex pairs and spot metals). This manual strictly prohibits its use on opaque, illiquid, or overly complex instruments.
- No Derivatives: The use of CFDs, futures, options, or other derivatives—where ownership is ambiguous and risk is magnified—is forbidden. AISHE must be restricted to spot market instruments.
- Leverage Control: Excessive leverage is a major source of Gharar. A maximum leverage of 1:30 is strictly recommended.
1.3. Maysir (Gambling/Speculation) Prevention
- Principle: Wealth must be generated through productive activity and analysis, not pure chance or zero-sum games. The Quran (5:90) equates gambling to "Satan’s handiwork."
- AISHE's Compliance Mechanism:
- Data-Driven Decisions: AISHE’s operations are based on a complex, analytical model of market dynamics. This is an activity of skill and analysis, the opposite of gambling.
- Prohibition of Speculative Instruments: This manual forbids the use of inherently speculative assets like most cryptocurrencies, meme stocks, or exotic currency pairs, which are often driven by hype rather than fundamental value.
2. Mandatory System Configuration & Permitted Instruments
This section provides the exact technical steps required to configure AISHE for Halal trading. Failure to follow these steps will render its use non-compliant.
2.1. Permissible (Halal) Asset Whitelist
The following are the only pre-approved asset classes for use with AISHE under this compliance framework:- Spot Metals: Representing a concept of direct exchange.
- XAUUSD (Gold vs. US Dollar)
- XAGUSD (Silver vs. US Dollar)
- Major Spot Forex Pairs: Representing the exchange of currencies.
- EURUSD
- GBPUSD
- USDJPY
- (User may add other major, highly liquid pairs like USDCAD, AUDUSD, USDCHF after consulting a scholar).
2.2. Prohibited (Haram) Asset Blacklist
AISHE must never be configured to trade the following instruments:- All CFDs: This includes indices (US500Cash, DE30), commodities (except the spot metals above), and stocks.
- All Cryptocurrencies: Including BTCUSD and ETHUSD, due to high volatility and scholarly debate regarding their status as valid currency.
- Exotic Forex Pairs: Such as USDTRY, TRYJPY, USDZAR, due to lower liquidity and higher speculative risk.
- All Leveraged ETFs, Derivatives, Futures, and Options.
2.3. Technical Setup in MetaTrader 4/5
- Isolate Halal Symbols: In your MT4/5 terminal, navigate to Market Watch. Right-click and select Hide All to clear the list. Then, right-click again, select Symbols, and manually add only the permitted Halal symbols from the list in section 2.1.
- Configure the Whitelist: Ensure your AISHE client configuration file (if applicable) explicitly lists only the approved symbols.
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Example: ALLOWED_SYMBOLS = ["XAUUSD", "XAGUSD", "EURUSD", "GBPUSD"]
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2.4. Set the Swap Avoidance Protocol
- Configure Trading Window: In the AISHE client settings, define the daily trading session.
- Set Auto-Close Time: Set the mandatory "Close All Positions" time to 22:30 London Time (GMT+1/GMT+2 depending on DST) or earlier. This ensures all trades are closed before broker swap calculation.
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Conceptual Code: if current_time() > "22:30": execute_close_all_positions()
3. User Responsibilities & Ongoing Audit
Your role as the user is that of a diligent principal overseeing your agent.
3.1. Initial Setup Responsibilities
- Broker Selection: You must choose a reputable, regulated broker that offers a certified Islamic (Swap-Free) Account. Request written confirmation of their Sharia compliance, ideally from a recognized body like AAOIFI. Do not rely on marketing claims alone.
- Account Configuration: Ensure the account you open is correctly set up as Swap-Free and that no hidden, interest-based fees (e.g., "administration charges" in lieu of swaps) are applied.
3.2. Ongoing Monitoring & Audit
- Daily Check (Recommended): At the end of your trading day, verify that all positions were closed as per the Swap Avoidance Protocol.
- Weekly Review: Review your MetaTrader account history. Confirm that trades were executed only on your whitelisted Halal symbols.
- Monthly Audit: At the end of each month, thoroughly check your broker statement for any erroneously charged swap fees. If any are found, contact your broker immediately and purify the amount.
3.3. Practical Compliance Checklist
To ensure continuous Sharia compliance, the user should maintain an audit trail using the following checklist. This serves as a personal record of due diligence.
| Task | Frequency | Status (✓/✗) | Date Checked | Notes (e.g., Broker contacted, setting confirmed) |
| Initial Setup | ||||
| Verify Broker's Sharia Compliance Certificate | One-Time (Initial) | ☐ | ||
| Open & Confirm "Islamic/Swap-Free" Account Status | One-Time (Initial) | ☐ | ||
| Configure Halal Symbol Whitelist in MT4 | One-Time (Initial) | ☐ | ||
| Set Auto-Close Time to 22:30 London Time | One-Time (Initial) | ☐ | ||
| Set Maximum Leverage to 1:30 or Lower | One-Time (Initial) | ☐ | ||
| Ongoing Monitoring | ||||
| Review Trade History for Prohibited Symbols | Weekly | ☐ | ||
| Confirm All Trades Closed Before Swap Cut-off Time | Daily (Recommended) | ☐ | ||
| Audit Official Broker Statement for Any Swap Fees | Monthly | ☐ | ||
| Re-evaluate Broker's Sharia Compliance Status | Annually | ☐ |
4. Frequently Asked Questions (FAQ)
Q1: Is AISHE Halal out of the box?
A: No. AISHE is a tool. It becomes Halal only when you, the user, configure it according to the strict guidelines in this manual, primarily by using an Islamic broker and whitelisting only Halal assets.
Q2: What leverage is permissible? Is 1:100 allowed?
A: High leverage is strongly discouraged as it introduces excessive risk (Gharar) and encourages speculation. A maximum leverage of 1:30 is the recommended Sharia-compliant limit. Higher ratios should be avoided.
Q3: Can AISHE trade stocks?
A: In its current compliance framework, no. While individual stocks can be Halal if screened (e.g., low debt, no Haram business activities), trading them via CFDs is not permissible. For maximum safety and clarity, this guide restricts AISHE to spot Forex and metals.
Q4: What happens if AISHE accidentally trades a Haram asset?
A: This should not happen if the whitelist is configured correctly. If a mistake occurs (e.g., you accidentally add a wrong symbol), you must take immediate action:
- Manually close the position immediately.
- Calculate if any profit was made from this Haram transaction.
- Purify the full amount of any such profit by donating it to a registered charity (sadaqa).
- Correct your whitelist configuration to prevent it from happening again.
Q5: Are cryptocurrencies like Bitcoin Halal to trade with AISHE?
A: No. Under this conservative compliance framework, the vast majority of cryptocurrencies are considered Haram for trading due to extreme volatility, lack of physical backing, and their use in speculative activities (Maysir/Gharar).
By rigorously implementing these guidelines, you empower AISHE to operate as your fully Sharia-compliant autonomous trading agent. Remember the words of the Quran (2:275): “Allah has permitted trade and forbidden interest.” Your duty is to ensure your trading activities, even when automated, remain firmly on the side of what is permitted.