Documentation fee of up to RM70
Products
Islamic Share Margin Financing (SMF-i)
What is Islamic Share Margin Financing (SMF-i)
- is an Islamic financial product that complements the CGS International Islamic stock broking window offerings.
- an alternative product to CGS International Conventional Share Margin Financing that is tailored for clients who prefer to trade on Islamic securities.
- is a shariah compliant leverage product where share trading activities are performed on Shariah-compliant Securities listed on Bursa Malaysia Securities Berhad.
- Comprises Margin Trading Account-i and Margin Lite Trading Account-i
Margin Trading Account -i
Islamic margin financing facility which leverage on your shares collateral for the purchase and/or subscription of Shariah-Compliant Securities.
Why trade Margin Trading-i with us?
01 Margin of Financing Margin of Financing (MOF) up to 65% |
02 Facility Limit Minimum facility limit of RM50,000 |
03 Wider range of acceptable collaterals Wider range of acceptable collaterals, i.e Cash (MYR, SGD, HKD, USD, AUD, GBP, THB and JPY); Acceptable Quoted Shares (Bursa Malaysia, SGX, HKEx and US Markets (NYSE & NASDAQ) |
04 Leveraging Leverage of collateral: up to 2.8x |
01
Margin of Financing
Margin of Financing (MOF) up to 65%
02
Facility Limit
Minimum facility limit of RM50,000
03
Wider range of acceptable collaterals
Wider range of acceptable collaterals, i.e Cash (MYR, SGD, HKD, USD, AUD, GBP, THB and JPY); Acceptable Quoted Shares (Bursa Malaysia, SGX, HKEx and US Markets (NYSE & NASDAQ)
04
Leveraging
Leverage of collateral: up to 2.8x
Account Opening Fees
CDS account opening fee of RM10
Rollover fee at 0.5% of outstanding facility amount
- Principal Agreement- Ad valorem (0.5% of facility limit)
- Subsidiary Agreement – Nominal (RM10)
Pricing overview
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Supported platform
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FAQs
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- Individual age between 21 to 70
- Malaysian
- Permanent Resident of Malaysia
- Foreigner
- Corporate-Investment holding company
- Share Trading Account Application Form
- Photocopy of NRIC (Front & back)
- Income evidence:
- EA Form / Form B / Form BE; or
- Latest EPF statement; or
- Latest one (1) month salary slip
- Latest three (3) months savings account / latest three (3) months current account statement;
- Latest margin account statement from your existing financier (Applicable for redemption case)
- Share Trading Account Application Form
- CDS Board Resolution
- Securities Trading Accounts Board Resolution
- Memorandum and Articles of Association
- Latest 2 Years Audited Accounts / Financial Statements
- Power of Attorney (if applicable)
- Photocopy of NRIC/Passport of Directors and Guarantors’
- Guarantors’ latest payslip/ Form B/ Form BE/ EA Form/ EPF statement and bank statement.
- Shareholding portfolio statement.
- Forms:
- Form 8 or 9
- Form 24 - certificate on return of allotment of shares /Annual Return
- Form 44 - notice of situation of registered office and particulars of changes
- Form 13 - certificate of incorporation on change of company name
- Form 49 - return giving particulars in register of directors, managers & secretaries changes of particulars
- Form 20 - certificate of incorporation on conversion to a public company
Open an account now
Simply contact CGS International Securities to request for an account opening pack.
Key Risks
The key risks associated with Stocks and Shares include the following. It is important to note that the list of risks is not exhaustive.
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