Strategise your dealing in Shariah compliant securities via online trading account, investment trading tools built to the satisfaction of Shariah principles.

Our Shariah compliant trading package which is duly approved by the Shariah Adviser and in compliance with the Resolutions of Shariah Advisory, shall cover the following features :-

  • Order execution either by remisiers or online clients,
  • Contractual obligations and settlement,
  • Online contract statements and monthly statement of account,
  • Operations of the securities trading account,
  • Management of clients’ portfolio as well as,
  • Placement of clients’ trust monies with designated Islamic bank.

It is an end-to-end trading package which is completely formulated in accordance with Shariah principles. It is also subject to the same regulatory framework governing the conventional dealing in securities.

Benefits

  • The trading package offers end-to-end syariah solution to those retailers, institutions and bank margin clients who are interested in Shariah compliant investment.
  • Trade with a peace of mind.
  • No riba or interest element in the operations of the trading account.
  • Dividend (Hibah or return) on trust monies (which is computed on daily basis after deducting administration cost) is derived from overnight money market placement of client’s trust monies with designated Islamic bank.
  • Dedicated customer services to interested and prospective clients.

If you are interested to explore our PacOnline trading, please click HERE.

Opening of Islamic Retail Trading Account

Documents required for activation of Islamic retail trading account are as follows:

  1. Individual Account
  2. Corporate Account
Frequently Asked Questions
  1. I have a conventional securities trading account with Inter-Pacific Securities Sdn Bhd (the Company). How do I activate Islamic trading account?
    You can only maintain 1 trading account either conventional or Islamic trading account with us.In order to activate an Islamic trading account, you are required to close your existing conventional trading account.
  2. Can I trade Shariah compliant stocks online?
    Yes, provided that you sign up for Paconline Application Form (Islamic).
  3. Will the Company’s online trading system auto-block my online orders in Shariah non-compliant stocks?
    Yes. Islamic trading account holder is not allowed to deal in Shariah non-compliant stocks, structures warrants and/or foreign securities except for the purpose of sale /disposal of reclassified Shariah non-compliant stocks due to changes in its companies’ business operations and financial positions.
  4. Do I need to pledge collateral into my Islamic trading account?
    Pledging of collateral is not mandatory. However, you are encouraged to pledge collateral either cash or shares in order to secure your trading activities.
  5. Can I contra my transactions in Islamic trading account?
    Yes. You can contra your purchase and sale transactions of the same stocks.
  6. Is there any charge imposed on contra transactions?
    No. There is no contra charge for contra transactions. However, late payment charge of 10% p. a. on contra loss amount will be charged from C+4 onwards until full settlement.
  7. Will there be any late payment changes on my overdue purchases?
    Yes, late payment charge of 10% p.a. on the overdue outstanding purchase amount will be charged on T+4.
  8. Can I apply for IPO using my Islamic trading account?
    Yes, you can as the trading and CDS accounts are registered under your name as the account holder. However, you have to ensure that the IPO is Shariah compliant IPO.
  9. Can I trade in foreign stocks listed in recognized foreign stock exchanges via my Islamic trading account?
    No.
  10. Can I apply for Islamic margin financing facility?
    No. We do not offer Islamic margin financing facility.
  11. Can a non-muslim apply for Islamic trading account?
    Yes. It is offered to all retail, instirutional and bank margin clients.
  12. How do I obtain the list of shariah compliant stocks?
    The list of shariah compliant stocks can be accessed via www.sc.com.my. The updated list will be publicised every May and November by Shariah Advisory Council of Securities Commission (SC) of Malaysia.
  13. How do I treat my Shariah compliant stocks which are subsequently classified as Shariah non-compliant?
    Scenario as at the Announcement DatePermissible Actions
    If the market price of your investment exceeds or equals to your initial investment cost.
    • Should dispose your reclassified shariah non-compliant stocks immediately.
    • Permissible to keep any capital gain and dividends received up to the Announcement Date.
    If the market price of your investment is less than your initial investment cost.
    • Permissible to hold the Shariah non-compliant stocks until full recovery of the initial investment cost.
    • Permissible to keep the dividends received during the holding period to expedite the disposal.
    • Permissible to participate in any shariah compliant corporate actions such as right issues, bonus issues, special issues, share offer and warrants except loan stocks with intention to expedite the disposal
    • Should dispose the stocks once the initial investment cost is fully recoverable
    Scenario after the Announcement DatePermissible Actions
    If the market price of your investment exceeds or equal to your initial investment cost.
    • Should dispose your reclassified shariah non-compliant stocks immediately.
    • Permissible to keep any capital gain (the difference between initial investment cost and investment value as at the closing price on the Announcement Date)
    • Any capital gain (the difference between the actual disposal price and the closing price on the Announcement Date) and dividends received after the Announcement Date to be channeled to approved charitable bodies
    If the value of your investment is less than your initial investment.
    • Permissible to hold the Shariah non-compliant stocks until full recovery of the initial investment cost
    • Permissible to keep the dividends received during the holding period to expedite the disposal
    • Permissible to participate in any Shariah compliant corporate actions such as right issues, bonus issues, special issues, share offer and warrants except loan stocks with intention to expedite the disposal
    • Should dispose the stocks once the initial investment cost is fully recoverable
Best Practices for Shariah Investing

Recognising the need to facilitate the investors to undertake an efficient end-to-end Shariah-compliant securities investing activities, a conducive marketplace has been developed with the establishment of Shariah Investing on Bursa Malaysia.

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