PWB :FAQ

FAQ Q&A

Frequently Asked Questions

Frequently Asked Questions

  • Account Opening
  • eIPO
  • Global Trading
  • Islamic Stockbroking
  • KenTrade Online Trading
  • Mobile Trading
  • Multi-Factor Authentication (MFA)
  • Payment and Deposit
  • Portfolio Management
  • Security
  • Settlement of Contracts
  • Technical Requirements
  • Updating of Existing KIBB Clients Information
  • Withdrawal of Funds via My Trust account

    • Islamic Stockbroking

    General

    What is Islamic Stockbroking by Kenanga?

    It is an alternative solution for clients to buy and sell listed Shariah-compliant securities.

    What are the types of products available under Islamic Stockbroking by Kenanga?

    We have both, Islamic Trading and Islamic Margin Financing products. You may refer to each section.

    Who can apply?
    Anyone above 18 years old.
    Where do I get the list of Shariah-compliance securities listed in Bursa Malaysia Securities Berhad?

    You may view it on the Securities Commission website (www.sc.com.my).

    Is there a possibility of Shariah-compliant securities becoming Shariah non-compliant?

    Yes, the SAC and SC will review the list of Shariah-compliant securities twice a year (May and November). Change of status could happen after the revision of the list.

    If I have existing conventional trading/margin account, can I apply and open an Islamic account?

    Yes, you may apply for an Islamic trading/margin account.

    Do I need to close my existing conventional trading/margin account once my Islamic account is opened?

    No, you are not required to close your existing conventional trading/margin account.

    What are the fees and charges that I have to pay?

     

    Type of Fee Fee and Charges
    Brokerage As per Bursa Malaysia's Rule.
    Clearing Fee

    For on market transaction, 0.03% of transaction value (payable by both buyer and seller) with a maximum of RM 1,000 per contract.

    For off-market transaction,0.03% of transaction value (payable by both buyer and seller) or minimum of RM 10, with a maximum of RM 1,000 per contract.

    Stamp Duty  

    The stamp rate is depended on the stock category:

    Category  1 :  0.10% capped at RM1,000 (Stocks and Shares)

    • Mother shares
    • Preference shares
    • Loan stocks
    • Bonds
    • ETB

    Category  2:  0.1% capped at RM200

    • Warrants
    • Structured warrants – sell only
    • OR, LR
    • REITS
    • Closed-End Funds
    • Trust
    • Stapled Securities (REITS)

    Others: Exempted

    • ETF (listed in Bursa) -untill Dec 2028
    • Structured warrants – Buy stamp exempted (untill Dec 2028)

    Note : The stamp rate above applies for both conventional and Islamic securities (where applicable).

    CDS Account Opening

    RM 10.80 (Inclusive of 8 % SST) as charged by Bursa Malaysia Depository Sdn. Bhd. for a CDS account opening
    CDS Share Transfer Fee

    RM 10.80 (Inclusive of 8 % SST) per counter as charged by Bursa Malaysia for CDS share transfer
    CDS Reactivation Fee

    RM 5.40 (Inclusive of 8 % SST) as charged by Bursa Malaysia for activation of CDS dormant account
    Additional fee for Islamic Margin Financing products :
    Commodity Trading Fee RM 15 for every RM 1,000,000 (or part thereof) commodities traded
    Agreement Stamping
    1. An ad-valorem stamp duty of 0.5% of the approved share margin limit    to be collected for the primary share margin financing agreement; and
    2. A supplemental stamp fee of RM10.00 on EACH related document such as the Letter of Offer, Guarantee & Indemnity (if any) and Supplementary Letter of Offer

     

    Note: Kenanga Investment Bank Berhad reserves the right to revise the fees and charges from time to time