Islamic StockBroking (Window Services) (“ISB-W”) account is used for trading in Shariah-compliant securities approved by the Shariah Advisory Council of the Securities Commission only.
Shariah-compliant securities are securities of companies listed on Bursa Malaysia Securities Berhad, whose business conforms to the Shariah criteria established by the Shariah Advisory Council of the Securities Commission. The Shariah Advisory Council of the Securities Commission shall release the list of Shariah-compliant securities and update the list twice a year i.e on the last Friday of May and November.
The updated list can be viewed from the Securities Commission's website: http://www.sc.com.my/data-statistics/list-of-shariah-compliant-securities-by-scs-shariah-advisory-council/.
ISB-W is open to the following:
local and foreign individuals (Muslim and Non-Muslim) aged 18 and above;
If you have an existing conventional Internet Share Trading account, you can apply to open an ISB-W account:
For individuals and corporations (Sendirian Berhad) : Open a new ISB-W Trading account - Nominee
For institutions : Open another direct trading account with direct CDS account or a sub trading account only if you have appointed a Custodian Bank.
For more information, click here