PWB : Islamic Stockbroking

Islamic Stockbroking

TTI : Islamic Stockbroking

Islamic Stockbroking

We’re committed to offering Shariah-compliant products to fit your investment needs. Trade with peace of mind when you select shares from the list of Shariah-compliant securities approved by the Shariah Advisory Council (SAC) of Securities Commission (SC).

Be assured that the shares you trade are not engaged in riba (interest) or other Shariah  non-compliant elements.

Islamic Stockbroking by Kenanga is offered via Islamic stockbroking window services.

Islamic Stockbroking

We’re committed to offering Shariah-compliant products to fit your investment needs. Trade with peace of mind when you select shares from the list of Shariah-compliant securities approved by the Shariah Advisory Council (SAC) of Securities Commission (SC).

Be assured that the shares you trade are not engaged in riba (interest) or other Shariah  non-compliant elements.

Islamic Stockbroking by Kenanga is offered via Islamic stockbroking window services.

SBS : Islamic Stockbroking

KenTrade Shariah Compliant Products

Shariah Investing from Online Stock Trading Platform, KenTrade

Islamic Trading
Islamic Stock Malaysia from KenTrade

Islamic Margin Financing

Islamic Stockbroking & Shariah Investing FAQ

Where do I get the list of Shariah-compliance securities listed in Bursa Malaysia Securities Berhad?

You may view it on the Securities Commission website ( www.sc.com.my).

What are the fees and charges that I have to pay?
Type of Fee Fee and Charges
Brokerage As per Bursa Malaysia's Rule.
Clearing Fee

For on market transaction, 0.03% of transaction value (payable by both buyer and seller) with a maximum of RM 1,000 per contract.

For off-market transaction, 0.03% of transaction value (payable by both buyer and seller) or minimum of RM 10, with a maximum of RM 1,000 per contract.

Stamp Duty

The stamp rate is depended on the stock category:

Category  1 :  0.10% capped at RM1,000 (Stocks and Shares)

  • Mother shares
  • Preference shares
  • Loan stocks
  • Bonds
  • ETB


Category  2:  0.1% capped at RM200

  • Warrants
  • Structured warrants – sell only
  • OR, LR
  • REITS
  • Closed-End Funds
  • Trust
  • Stapled Securities (REITS)


Others : Exempted

  • ETF (listed in Bursa) -untill Dec 2028
  • Structured warrants – Buy stamp exempted (untill Dec 2028)

Note : The stamp rate above applies for both conventional and Islamic securities (where applicable).

CDS Account Opening

RM 10.80 (Inclusive of 8 % SST) as charged by Bursa Malaysia Depository Sdn. Bhd. for a CDS account opening

CDS Share Transfer Fee

RM 10.80 (Inclusive of 8 % SST) per counter as charged by Bursa. Malaysia for CDS share transfer

CDS Reactivation Fee

RM 5.40 (Inclusive of 8 % SST) as charged by Bursa Malaysia for activation of CDS dormant account

Additional fee for Islamic Margin Financing products :
Commodity Trading Fee RM 15 for every RM 1,000,000 (or part thereof) commodities traded.
Agreement Stamping
  1. An ad-valorem stamp duty of 0.5% of the approved share margin limit    to be collected for the primary share margin financing agreement; and
  2. A supplemental stamp fee of RM10.00 on EACH related document such as the Letter of Offer, Guarantee & Indemnity (if any) and Supplementary Letter of Offer

 

Note: Kenanga Investment Bank Berhad reserves the right to revise the fees and charges from time to time

Do I need to close my existing conventional trading/margin account once my Islamic account is opened?

No, you are not required to close your existing conventional trading/margin account.

If I have existing conventional trading/margin account, can I apply and open an Islamic account?

Yes, you may apply for an Islamic trading/margin account.

Is there a possibility of Shariah-compliant securities becoming Shariah non-compliant?

Yes, the SAC and SC will review the list of Shariah-compliant securities twice a year (May and November). Change of status could happen after the revision of the list.

Who can apply?

Anyone above 18 years old.

What are the types of products available under Islamic Stockbroking by Kenanga?

We have both, Islamic Trading and Islamic Margin Financing products. You may refer to each section.

What is Islamic Stockbroking by Kenanga?

It is an alternative solution for clients to buy and sell listed Shariah-compliant securities.



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