After reviewing CFAF Islamic, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is CFAF Islamic?
On the surface, CFAF Islamic looks like an ordinary forex and crypto broker. Its public site is presented at www.cfaf-islamic.com. But surface impressions are exactly what these operations rely on — the substance behind CFAF Islamic is where the problems begin.
Is CFAF Islamic regulated?
We could find no evidence that CFAF Islamic holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- Account dashboards that show “gains” with no real market exposure
- Opaque or anonymous corporate ownership
- No credible physical address or verifiable corporate record
- Aggressive “account managers” coaching clients to deposit
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
Our analysis
In 2019, The Securities Commission Malaysia (SC) issued a warning against CFAF Islamic that this firm may possibly be a clone operating an illegal investment scheme and carrying on unlicensed capital market activities of dealing in securities. You may visit: https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list
Can you recover money lost to CFAF Islamic?
If you have deposited with CFAF Islamic, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by CFAF Islamic?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.