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Products
Islamic Stockbroking
We provide a complete Islamic Ecosystem including the Stock Selection process (Shariah Filter). With ICBT platform, everyone can start trading regionally.
Exchanges available via ICBT:-
- NASDAQ
- NYSE
- NYSE American
- HKEX
- SGX
- IDX
- SET
Why trade this product with CGS-CIMB Securities?
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Available offerings for this product
Pricing overview
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Supported platform
CGS-CIMB iTrade

FAQs
Islamic StockBroking account is an account used for trading in Shariah-compliant securities approved by the Shariah Advisory Council of the Securities Commission Malaysia.
i) | For peace of mind since there are no elements of Maysir (gambling), Riba’ such as contra service charge, interest charge and Gharar (uncertainty). | |
ii) | Clients’ fund (trust monies) placed in ISB-W is segregated from the conventional StockBroking. | |
iii) | Trading in Shariah-compliant securities only which do not involve in non-Shariah activities such as: | |
1. | Financial services based on Riba’ (interest); | |
2. | Gambling and gaming; | |
3. | Manufacture or sale of non-halal products or related products; | |
4. | Conventional insurance; | |
5. | Entertainment activities that are non-permissible according to Shariah; | |
6. | Manufacture or sale of tobacco-based products or related products; | |
7. | StockBroking or share trading in Shariah non-compliant securities; and | |
8. | Other activities deemed non-permissible according to Shariah. |
Individual and corporate may apply, detailed as follows:
- local and foreign individuals (Muslim and Non-Muslim) aged 18 and above;.
- corporations; and
- institutions
Yes, you may apply to open an ISB-W account.
No. You are not required to close your existing conventional trading account.
You have to be a registered user and open an CGS-CIMB iTrade online trading account with CGS-CIMB Securities Sdn Bhd ("CGS-CIMB"). Once your trading account is approved by CGS-CIMB, an email notification will be sent informing you that your online trading account is activated and ready for trading online. If you did not register for CGS-CIMB iTrade, you can trade via phone order by contacting your Dealer’s Representative.
If you do not have an account yet with us and interested in investing in Shariah compliant stocks globally, you are welcome to open an Islamic trading account with us. Please download and print the following forms for Islamic Account Opening Form:
- Individual Account Application Form or Corporate Account Application Form
- General Terms & Conditions and Risk Disclosure Statement
- W-8BEN Form (Individual)
- W-8BEN-E Form (Corporate)
(Important: Please complete & sign these forms in the presence of our Dealer’s Representatives.)
Note
In addition to the above forms, you will be required to open a Central Depository System (“CDS”) account. The CDS forms from Bursa Depository Sdn Bhd are available at our CGS-CIMB iTrade, CGS-CIMB Securities Sdn Bhd branches nationwide. To locate your nearest branch, please click here.
If you are our existing Islamic Account Client, all you need to do is complete the Online Non-Ringgit Securities Trading Application Form in order to start trading globally. Please download and print the following forms:
- Online Non-Ringgit Securities Trading Application Form
- General Terms & Conditions and Risk Disclosure Statement
- W-8BEN Form(Individual)
- W-8BEN-E Form (Corporate)
- Declaration By Resident On Investment Abroad And Investment In Foreign Currency Asset Onshore - (Individual)
- Declaration By Resident On Investment Abroad And Investment In Foreign Currency Asset Onshore - (Corporate)
Open an account now
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