CGS-CIMB Launches Islamic Cross Border Trading through Its Online Platform

Malaysia's CGS-CIMB Securities (CGS-CIMB) has become the country’s first broker to offer Islamic cross-border trading (ICBT) through an online platform. Amidst the COVID-19 pandemic, CGS-CIBM launched its ICBT services through CGS-CIMB iTrade platform.

CGS-CIMB Chief Executive Officer, Ruzi Ajith, said in a statement that, there are pockets of investment opportunities during uncertain times and investors can consider diversifying their investments to minimize the impacts of a volatile market. She added that the launch of its online portal is timely, considering the above.

The ICBT is expected to provide an overall Islamic ecosystem along with Shariah screening, and consists of...