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Bursa Assist (formerly known as Bursa 2U) We're in the process of moving all our help content here, so some information might still be on its way. Thank you for your patience!
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  1. Bursa Assist
  2. Bursa Islamic Market
  3. Shariah Discretionary Trading

Shariah Discretionary Trading

  • How can POs assist clients in DT (Discretionary Trading) and Shariah DT?
  • If an Islamic Participating Organisation (PO) intends to offer Shariah-compliant Discretionary Trading (DT) services, is approval from a Shariah Adviser required?
  • Can a conventional Participating Organisation (PO) offer Shariah-compliant Discretionary Trading (DT) services?
  • Can an Islamic Participating Organisation (PO) use fee or profit-sharing structures other than Wakalah, Mudarabah, or Musharakah for Shariah-compliant Discretionary Trading (DT)?
  • "Has the Shariah Committee of Bursa Malaysia approved the use of Wakalah, Mudarabah, and Musharakah as fee and profit-sharing structures under Shariah-compliant Discretionary Trading (DT)?
  • What are the requirements for an Islamic Participating Organisation (PO) to offer Shariah-compliant Discretionary Trading (DT) services?
  • If a Participating Organisation (PO) plans to establish an Investment Advisory Committee to oversee its Discretionary Trading (DT) service, are there any prescribed eligibility criteria for committee members?
  • Are there any specific rules or guidelines for handling error trades in Discretionary Accounts (DAs)?
  • Is it possible to delegate the management of the Discretionary Trading (DT) portfolio to other teams within the company or group, such as the wealth management team of the Participating Organisation (PO)
  • If a Dealer’s Representative (DR) goes on leave, resigns, or changes their portfolio, who will be responsible for managing the Discretionary Trading (DT) account in their absence?
  • Can a client contribute shares as capital when starting a Discretionary Trading (DT) account with a Participating Organisation (PO)?
  • Can a DT (Discretionary Trading) client’s account be managed by more than one DR (Dealer's Representative)?
  • Can a new client of a Participating Organisation (PO) choose to open only a Discretionary Account (DA) under an eligible Dealer's Representative (DR), without opening other types of accounts?
  • Can a Participating Organisation (PO) pool multiple Discretionary Trading (DT) clients into a single Discretionary Account (DA)?
  • Can a Participating Organisation (PO) provide financing for a Discretionary Account (DA)?
  • Can commission be charged on a DT (Discretionary Trading) service?
  • Will clients receive a prescribed risk disclosure statement before starting Discretionary Trading (DT)?
  • Is a written agreement required between a Participating Organisation (PO) and its client for Discretionary Trading (DT)? Is there a standard legal template for this?
  • Is a Participating Organisation (PO) required to undergo a readiness audit before offering Discretionary Trading (DT) services to clients? Is there a template or checklist available for this audit?
  • What is the process for a Participating Organisation (PO) to offer Discretionary Trading (DT) services under Bursa Malaysia regulations?
  • What are the benefits of participating in Discretionary Trading (DT) and Shariah-compliant DT?
  • Is there any risk associated with DT (Discretionary Trading) and Shariah DT?
  • What fees are charged for DT (Discretionary Trading) and Shariah DT?
  • Is there a minimum capital requirement to participate in Discretionary Trading (DT) or Shariah Discretionary Trading?
  • How can I participate in Discretionary Trading (DT) or Shariah Discretionary Trading?
  • Can non-Muslims participate in Shariah-compliant Discretionary Trading (DT)?
  • Who can participate in Discretionary Trading (DT) and Shariah DT?
  • What are the requirements to participate in Discretionary Trading (DT) and Shariah DT?
  • What is the purpose of Discretionary Trading (DT) and Shariah-compliant Discretionary Trading (Shariah DT)?
  • What is Shariah Discretionary Trading (DT)?
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