Refinitiv Eikon (formerly known as Thomson Reuters Financial & Risk) is the provider of our Shariah Screening. It offers a broad collection of Islamic Equities with over 30,000 company stocks listed from more than 34 countries. The equities have gone through a precise screening process and more than 11,000 are certified as Shariah compliant. It can be filtered via listed exchange, dividend dates and type of equity. Companies are screened monthly depending on the financial disclosure updates.
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.
Shariah-compliant securities are securities of companies listed on Bursa Malaysia Securities Berhad, whose business conforms to the Shariah requirement and the criteria established by the Shariah Advisory Council of the Securities Commission. The Shariah Advisory Council of the Securities Commission will 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. Click HERE.
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, please click HERE.
Now you can apply IPO online via eIPO. Kindly ensure that you have checked the Shariah status of the new IPO before proceeding with the application through the CDS account of your Islamic Trading account.
Islamic Cross Border Trading ("ICBT")
CGS-CIMB now offers Islamic Cross Border Trading (“ICBT”) to all our Islamic Account Clients.
We provide a complete Islamic Ecosystem including the Stock Selection process (Shariah Filter). With ICBT platform, everyone can start trading regionally.
The exchanges available via ICBT are:
For more information about ICBT, please click HERE.
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