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Home » Products & Services » Shariah-Compliant Futures (SCF)
Shariah-Compliant Futures (SCF)

Shariah-Compliant Futures Account is 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-CIMB Shariah Advisor has concurred that some foreign products in Specified Exchange have similar specifications such as the possibility of physical delivery and commodities that are recognized as shariah compliant and can be traded as Shariah-Compliant futures.
 
SCF is open to the following:
  • individuals (Muslim and Non-Muslim) aged 18 and above;
  • corporations; and
  • institutions
 
CGS-CIMB 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 a Shariah-Compliant Futures Account as well.

1.

As an individual client, you must:

  • Complete the required details on the Application Form and Individual Self-Certification Form.
    Read, understand and sign the SCF Client Agreement, T&C of Trading, Electronic Trading Facilities Supplemental T&C and Risk Disclosure Statement.  
  • Complete Trading in Specified Exchange Addendum and for Non-Professional subscriber, please submit the Self Certification for CME Market Data Subscription.
  • Keep the Client’s copy of the SCF Client Agreement.
  • Attach a photocopy of your NRIC (both sides) or Armed Forces/Police Personnel - Authority card or passport and valid Visa / Entry Permit.
  • Attach your latest bank statement, payslip or income tax return.
  • Where applicable, submit Form W-8 BEN or Form W-9.

2.

As a corporate client, you must:

 11111 a. Certificate of Incorporation or Notice of Registration
  b. 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
  d. NRIC (both sides) / Passport of the Directors and Authorised Persons as per Board Resolution, Shareholders with equity interest of more than 25% and beneficial owner (natural person) who ultimately owns or controls the corporation
  e. Return giving particulars  and changes in Directors, Managers & Secretaries
  f. Forms of Allotment of Shares/ Annual Return
  g. Notice of Situation of Registered Office and of Office Hours and Particulars of Changes
  h. Latest Audited Accounts / Financial Statements
  3.
You can trade online via QST@CGS-CIMB for Specified Exchanges.
Password will be sent to your email address and to be changed upon first login.

Download file:
For Windows, click 
here.
For Mac, click here.

Activation Guide :

Step by Step Activation Guide for QST@CGS-CIMB

 

4.

Kindly visit us at:

CGS-CIMB Futures Sdn Bhd

Dealing Department
Level 29, Menara Aras Raya
No. 11, Jalan Raja Laut
50350 Kuala lumpur
Wilayah Persekutuan
Malaysia

 

5.

You may contact us at (603) 2635 9777 / (603) 2635 8908 or email us at [email protected].

 
 
1.


 
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.
 
   
2. You can deposit by:
    * Cash/Cheque payment over the bank counter or ATM Machine - Deposit your cash/cheque at any CIMB Islamic Bank. 
* CIMB Clicks – Perform online transfer to CGS-CIMB Futures Sdn Bhd's account with CIMB Islamic Bank.
Currency CIMB Islamic Bank Account
MYR 8605159112
USD 860515968140

All payment must be made in favour of "CGS-CIMB Futures Sdn Bhd for (Name of Client)". Thereafter, email the supporting document for payment to your Futures Broker's Representative. 


 
  a.






 
Cheque Deposit
Cheque payments must be made in the name of "CGS-CIMB 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:
(i)  a photocopy or image of the cheque and
(ii) direct bank-in form
  b.





 
Interbank Fund Transfer/Payment
For online interbank fund transfer/payment, below must be stated as recipient reference:
(i)  SCF trading account number and
(ii) SCF trading account holder’s name or NRIC/Passport No.

This is to ensure that funds transferred are applied to the intended and rightful recipient.
 
  Kindly also be reminded:-
  • to ensure receipt of proper documentation including daily statements and monthly statements for all transactions undertaken;
  • to verify with CGS-CIMB Futures directly if there is any doubt on the authenticity of documents received from CGS-CIMB Futures‘ licensed Futures Broker’s Representative or anyone holding out as representing CGS-CIMB Futures;
  • not to pay cash to or bank in monies directly into the bank account of CGS-CIMB Futures‘ licensed Futures Broker’s Representative or anyone holding out as representing CGS-CIMB Futures.
   
3. Withdrawal
  How do I withdraw my cash?

Print and complete this Withdrawal 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.


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