Islamic Stockbroking Window (ISBW)
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- Approved and Halal trading
Trading in Shariah-compliant (Halal) securities only as prescribed by Shariah Advisory Council of the Securities Commission**.
- Shariah-compliant principles
Application of Shariah principles such as Wakalah (Agency), Rahn (Pledge), Kafalah (Guarantee/Indemnity) and Bai' (Buying & Selling).
- Guaranteed Shariah-compliant
Compliance with Shariah principles, regulations, standards or rulings issued by Shariah Advisory Council of the Securities Commission and Bursa Malaysia Berhad.
- No unjust gains
No elements of 'Riba’ such as contra service charge, interest charges and interest income.
- Fair compensation with Ta’widh
Ta’widh (compensation) shall be imposed only on late or default payments made by clients based on AmBank Islamic’s IIMM rate (Click here to view the latest rate)
- Shariah compliant practices
All banking transactions, financing, placement or investment shall be made within Shariah-compliant products or services.
Competitive brokerage rates of 0.05% or minimum RM8, exclusive of 6% service tax, apply