KUALA LUMPUR: CGS-CIMB Futures Sdn Bhd has launched its first shariah-compliant futures (SCF) to improve local investor access and cater to the growing demand for sustainable investing.
Investors can now trade crude palm oil futures (FCPO) and palm kernel oil futures (FPKO) which are listed on Bursa Malaysia Derivatives in a shariah-compliant environment.
CGS-CIMB Securities chief executive officer and group head of Islamic Investment Services Ruzi Rani Ajith said the goal of SCF is to offer investors opportunities to invest according to their principles to achieve their investment goals, as well as to generate sustainable and positive impact.
"We have received overwhelming responses from investors since its soft launch during the Invest Shariah Conference 2022 in collaboration with Bursa Malaysia," she said.
CGS-CIMB Securities shariah advisor Professor Dr Aznan Hasan said FCPO and FPKO have been announced by the Shariah Advisory Council of the Securities Commission Malaysia as a shariah-compliant products.
"We are glad that CGS-CIMB Futures has taken the initiative to create a complete shariah-compliant environment where clients can trade without the worries of involving in shariah non-compliant income," he said.
As part of the organisation's commitment to helping investors make better decisions for a sustainable future, CGS-CIMB Futures provides traders and hedgers who are interested in SCF a complete shariah-compliant platform to diversify their portfolio and benefit from leverage trading.
CGS-CIMB Futures will be hosting a series of webinars to help investors maximise the potential of shariah-compliant futures trading and understand its leverage features and associated risks.