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 payment by clients based on AmBank Islamic’s IIMM rate (currently at 6.15% p.a.).
- 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 RM8.00 (Inclusive Service Tax at 6%) for Equities