Products Shariah-Compliant Futures Accountis used for trading in Shariah-compliant futures contracts. Futures contract refers to an agreement to buy or to sell the underlying which has been fixed at a specified price and on a specified date in the future. The Shariah Advisory Council of the Securities Commission Malaysia resolved that the contracts offered in Bursa Malaysia Derivatives such as FCPO, FPKO and FEPO are in accordance with Shariah principles. CGS International Shariah Advisor has concurred that some foreign products in Specified Exchange have similar specifications such as the possibility of physical delivery and non-ribawi item are recognized and traded as Foreign Shariah-Complaint futures contract. SCF is open to the following: CGS International Futures is offering various futures contract traded on Bursa Malaysia Derivatives and Specified Exchanges as below:- Exchange Product Name Currency Bursa Malaysia Derivatives Crude Palm Oil Futures (FCPO) MYR Crude Palm Kernel Oil Futures (FPKO) MYR East Malaysia Crude Palm Oil Futures (FEPO) MYR NYMEX WTI Light Sweet Crude Oil USD Natural Gas USD CBOT Soybean Oil USD Soybean USD Mini Soybean USD Soybean Meal USD Wheat USD Chicago SRW Wheat (Mini) USD KC HRW Wheat (Mini) USD Corn USD Mini Corn USD Oats USD SGX SICOM- TSR20 Rubber USD If you have an existing conventional Futures Trading account, you can apply to open aShariah-Compliant Futures Accountas well. Opening an Account 01 Individual Client As an individual client, you must: 02 Corporate Client As a corporate client, you must: b. d. e. g. 01 Individual Client As an individual client, you must: 02 Corporate Client As a corporate client, you must: b. d. e. g. Margin, Deposit & Withdrawal You are required to place up-front cash as an Initial Margin before trading. The required amount depends on the number of contracts that you intend to trade. You can deposit by : All payment must be made in favour of"CGS International Futures Sdn Bhd for (Name of Client)". (A)Cheque Deposit Cheque payments must be made in the name of"CGS International Futures Sdn Bhd for(Name of Client)". All payments by cheque must be supported by documents below to facilitate verification of the identity of cheque issuer : (B)Interbank Fund Transfer/Payment For online interbank fund transfer/payment, below must be statedas recipient reference: This is to ensure that funds transferred are applied to the intended and rightful recipient. Kindly also be reminded :- How do I withdraw my cash? Print and complete thisWithdrawal Request Form.Thereafter, email the duly signed copy to your Futures Broker’s Representative. Please contact your respective licensed Futures Broker’s Representative or Central Dealing Team at (603) 2635 9777 / (603) 2635 8908 should you have any enquiries. FAQs
Read, understand and sign the SCF Client Agreement, T&C of Trading, Electronic Trading Facilities Supplemental T&C and Risk Disclosure Statement.
Read, understand and sign theSCF Client Agreement, T&C of Trading, Electronic Trading Facilities Supplemental T&C and Risk Disclosure Statement.a. Certificate of Incorporation or Notice of Registration Memorandum and Articles of Association or Constitution (if applicable) (Where the company does not have Constitution, a written confirmation duly signed by a director that the company does not have a Constitution) c. Board Resolution NRIC (both sides) / Passport of the Directors and Authorised Persons, as per Board Resolution and Shareholders with equity interest of more than 25% and beneficial owner (natural person) who ultimately owns or controls the corporation. Return giving particulars and changes in Directors, Managers & Secretaries f. Forms of Allotment of Shares/ Annual Return Notice of Situation of Registered Office and of Office Hours and Particulars of Changes h. Latest Audited Accounts / Financial Statements
Read, understand and sign the SCF Client Agreement, T&C of Trading, Electronic Trading Facilities Supplemental T&C and Risk Disclosure Statement.
Read, understand and sign theSCF Client Agreement, T&C of Trading, Electronic Trading Facilities Supplemental T&C and Risk Disclosure Statement.a. Certificate of Incorporation or Notice of Registration Memorandum and Articles of Association or Constitution (if applicable) (Where the company does not have Constitution, a written confirmation duly signed by a director that the company does not have a Constitution) c. Board Resolution NRIC (both sides) / Passport of the Directors and Authorised Persons, as per Board Resolution and Shareholders with equity interest of more than 25% and beneficial owner (natural person) who ultimately owns or controls the corporation. Return giving particulars and changes in Directors, Managers & Secretaries f. Forms of Allotment of Shares/ Annual Return Notice of Situation of Registered Office and of Office Hours and Particulars of Changes h. Latest Audited Accounts / Financial Statements Currency CIMB Islamic Bank Account MYR 8605159112 USD 860515968140 
See Also
Is Amazon Stock Halal or Haram 2023?3 Reasons Why Forwards and Futures Are Not Permissible – Musaffa AcademyShariah-Compliant Securities - Islamic Capital MarketPerpetual trading