CGS-CIMB Futures Sdn Bhd ("CGS-CIMB Futures") has launched its first Shariah-Compliant Futures (“SCF”) to improve local investor access and cater to growing demand of sustainable investing. Investors can now trade Crude Palm Oil Futures (“FCPO”) and Palm Kernel Oil Futures (“FPKO”) which are listed on Bursa Malaysia Derivatives with a peace of mind in a complete shariah-compliant environment.

Image above: From left to right: Maxwell Ong (黄伟文), Head of Futures, CGS-CIMB Futures; Puan Noorsuraini Muhamed, Senior VP, Islamic Product & Market Development, Bursa Malaysia; Puan Ruzi Rani Ajith, CEO, CGS-CIMB Securities; Encik Mohd Saleem Kader Bakar, Acting Director, Bursa Malaysia Derivatives; Professor Dr. Aznan Hasan, Shariah Advisor, CGS-CIMB Securities

“FCPO and FPKO have been announced by the Shariah Advisory Council of the Securities Commission Malaysia as shariah-compliant product. 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,” says Professor Dr. Aznan Hasan, Shariah Advisor of CGS-CIMB Securities Sdn Bhd. 

“Our goal 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. In a challenging market condition, investors may consider using futures contracts to diversify their investment portfolio. We have received overwhelming responses from investors since its soft launch during the Invest Shariah Conference 2022 in collaboration with Bursa Malaysia,” says Ruzi Rani Ajith, Chief Executive Officer and Group Head of Islamic Investment Services of CGS-CIMB Securities.

As part of the organization’s commitment to help investors make better decision 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 understanding its leverage features and associated risks.

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