CGS-CIMB launches Singapore’s first Shariah-compliant trading account

SINGAPORE – Brokerage CGS-CIMB Securities aims to provide more Islamic structured investment options for the Muslim community here with the launch on Thursday (June 23) of Singapore’s first Shariah-compliant trading account.

iCash allows investors to screen for products that are aligned with the key principles of Shariah – morality, transparency and fairness – so they can make better informed decisions, said Mr Syed Muhamad Alsagoff, the firm’s head of Shariah investment services here.