Below are the Islamic Trading accounts available:

Account Type	Trading Account-i	Cash Upfront Account-i	Collateralised Account-i (Direct)	Collaterised Account-i (Kenanga Nominees)
Criteria	Recommendation by Remisier and Representative Dealer and subject to credit evaluation	Based on cash deposited.	Based on cash and Shariah compliant securities (subject to capping) deposited, times gearing as per Credit Policy.	Based on cash and Shariah compliant securities (subject to capping) deposited, times gearing as per Credit Policy. The securities will be in the name of Kenanga Nominees for the beneficiary of client.

1. Wakalah (Agency)
   
   
   1. The products are based on direct buying and selling of Shariah-compliant securities listed on Bursa Malaysia.
   2. Kenanga Investment Bank Berhad (KIBB) (“the Bank”) will act as an agent for you to facilitate the buying and selling transaction with Bursa Malaysia.


2. Wakalah Mutlaqah (Absolute Agency)
   
   Placement of Money
   
   
   1. The Shariah concept of “Wakalah Mutlaqah” or absolute agency applies where there is no condition put in place for the transaction and involves an unfettered authority granted by the principal to the agent.
   2. The Bank also has a full freedom to decide on your behalf e.g. pending the client’s decision to trade the Shariah-compliant securities, the Bank has the right to place the monies in the Shariah-compliant accounts at any Islamic banks based on wakalah mutlaqah concept.

Account Type	Trading Account-i	Cash Upfront Account-i	Collateralised Account-i (Direct)	Collaterised Account-i (Kenanga Nominees)
Limit to trade	The permanent limit shall be granted subject to the Bank’s Management Decision	No gearing. Only based on cash deposited.	The securities will be under the client’s CDS account. Permanent limit shall be granted. Limit*: Share = 2 times Cash = 3 times *Subject to approval	The securities will be under Kenanga Nominees and permanent limit shall be granted Limit*: Share = 2 times Cash = 3 times *Subject to approval

Yes. LPC will be charged on the remaining contra loss that is outstanding after seven calendar days from the date the contra transaction takes place.