Where is Nepal's Muslim population located?

Nepal's Muslim community (called "Musalmans" locally) is concentrated in the Terai region along the Indian border. Major districts include Kapilvastu (birthplace of Buddha, ironically with significant Muslim population), Rautahat, Sarlahi, Banke and Bara. Urban Muslims are also present in Kathmandu.

How do Nepali Muslim traders fund Islamic forex accounts?

USDT cryptocurrency purchased via local P2P platforms is the standard method. Nepali Muslim traders working in Gulf states (Qatar, UAE, Saudi Arabia) may fund accounts via local Gulf bank wire transfers, which is more straightforward than options available in Nepal itself.

Is there a fatwa on forex trading from Nepali Islamic scholars?

Nepali Muslim scholars generally follow guidance from South Asian Islamic institutions — primarily from Indian Darul Ifta institutions and international bodies. The consensus is that swap-free forex accounts are permissible, as the elimination of riba addresses the primary Sharia concern with conventional forex trading.

Can Gulf-based Nepali Muslim workers use these brokers?

Yes. Nepali migrant workers in Qatar, UAE and Saudi Arabia can open accounts with these brokers using their Gulf residence documentation. Gulf bank transfers are reliable and widely accepted. Many Nepali diaspora traders prefer this route over the USDT method used domestically.

Which is the top-rated broker in this list for 2026?

Based on our scoring algorithm, Pepperstone currently ranks #1 with a score of 4.1/5. Scores are recalculated every 24 hours as broker data changes.

Best Islamic Forex Brokers in Nepal (2026) 2026 — Expert Rankings

Broker	Min Deposit	EUR/USD Spread	Regulation	Score
Pepperstone	$200	0.0 pips	ASIC, FCA	4.12/5
OANDA	$0	0.6 pips	FCA, CFTC	4.09/5
FxPro	$100	0.6 pips	FCA, CySEC	4.09/5

Islamic Forex Trading in Nepal

Nepal has a Muslim minority population of approximately 1.1–1.2 million (4–5% of the total population), concentrated in the Terai lowland districts bordering India — particularly in Kapilvastu, Rautahat, Sarlahi and Banke districts. For Nepali Muslim traders, Islamic (swap-free) forex accounts that eliminate riba are essential for Sharia-compliant trading. Nepal's regulatory environment does not specifically restrict Islamic forex accounts — the same NRB-related considerations apply as for all Nepali traders accessing offshore platforms.

Nepali Muslim traders face the same practical challenges as all Nepali forex traders: NRB restrictions on outward remittances mean USDT cryptocurrency is the standard funding method. Many Nepali Muslims work in the Gulf states (Qatar, Saudi Arabia, UAE) as migrant workers — these diaspora traders often have UAE or Qatar bank access and can fund accounts more easily. Mobile-first trading platforms are essential given the smartphone-centric trading habits of Nepal's young population.

What to Look for in an Islamic Forex Broker in Nepal

Permanent swap-free accounts: Verify the Islamic account is permanent and not time-limited — some brokers revoke Islamic status after a set period.
USDT deposit support: Primary funding route given NRB restrictions — confirm USDT TRC-20 or ERC-20 acceptance.
FCA or ASIC regulation: Provides fund protection outside Nepal's domestic financial jurisdiction.
Low minimum deposit: $0–$10 entry points are important for accessibility at typical Nepali income levels.
Mobile app quality: Mobile-first trading is dominant in Nepal — prioritise brokers with strong iOS/Android apps.

See all brokers available in Nepal →

Also interested in CFD trading? See best CFD brokers in Nepal →

Also see Islamic brokers in: Bangladesh · Pakistan · India

Best Islamic Forex Brokers in Nepal (2026) 2026

Pepperstone

OANDA

FxPro

eToro

Plus500

AvaTrade

Capital.com

BlackBull Markets

XM

ThinkMarkets

FBS

IC Markets

Vantage Markets

FP Markets

HFM

Exness

Markets.com

Eightcap

Axi

InstaForex

FXTM

Fusion Markets

NAGA

Tickmill

BDSwiss

Orbex

Global Prime