H.O.T Broking is based on investing in shares and securities based on Islamic principles. As a measure of confidence, it is guided by the same institutional and regulatory framework that administers conventional stock broking, except that it is governed by Shariah principles.
While we can provide you a full list, concurrently you may also view it on the Securities Commission's website (www.sc.com.my).
Our service covers institutional and retail clients trading in Shariah-compliant stocks on Bursa Malaysia.
Yes, however you have to close the existing trading account on Maybank2u.com to prevent co-mingling.
No, currently only one account is allowed to be traded via Maybank2u.com.
The conventional account is to facilitate the process should a Shariah-compliant stock be declared a non-compliant stock by the Shariah advisory council, thus preventing co-mingling of any non Shariah-compliant returns from the investment made.
Yes, you can because the Islamic trading account is linked to a designated nominees account (only Shariah-compliant shares).
Yes, you can contra an outstanding purchase position on the same counter.
No. There will be no contra charges imposed.
Ta'widh or compensation on unpaid losses ("CUL") is imposed effective 3 days after contra (T+4).
Ta'widh or compensation on outstanding purchase position ("COPP") is effective from T+5 until the close of position. COPP will be charged daily on purchase amount based on Islamic Interbank Money Market (IIMM) rates.
Yes, Maybank Invest-i.
Maybank Invest-i is an alternative share trading/ margin financing package from Maybank that is based on the Shariah principle of Murabahah. Under this contract, Maybank agrees to finance your share trading activities in approved Shariah counters listed in Bursa Malaysia.*
* Please note that this service is provided by Maybank Islamic Berhad and acts as a complement to H.O.T Broking.
In such an instance, the non Shariah-compliant security must be liquidated. Capital gains arising from the disposal of the non Shariah-compliant security made at the time of the announcement can be kept. However, any capital gains made from the disposal of the security after the announcement date should be channeled to charitable bodies.
In such cases, you are allowed to hold on to the investment as well as keep dividends received during the holding period. Once the total amount of dividends received and the market value of the non Shariah-compliant securities held is equal to the original investment cost, you are advised to dispose off your non Shariah-compliant securities. You only have the right to retain the original investment cost.
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