CGS-CIMB Securities Launches Two New Shariah-Compliant Products, Which Will Complement its Present Islamic Stockbroking Business

Malaysia-based CGS-CIMB Securities has launched two additional Shariah-compliant products named the iCash trading account (iCash Trading) and Islamic share margin financing facility (SMF-i), which will complete its suite of products and services.

Why it Matters?

The launch of these products is timely as the demand for Shariah investing has been on the rise over the last few years. Further, these two products are unique in how they are tailored in accordance with investor’s preferences and trading behaviours - iCash Trading offers investor brokerage as low as MYR 8 for all their online Bursa Malaysia-i trades. SMF-i gives investors greater buying power as well as the financing flexibility to enhance their investment potential by leveraging on the...