PETALING JAYA: Hong Leong Investment Bank (HLIB) announced the launch of a fully online onboarding experience for customers applying for its accounts and products.
This includes the Shariah Trading Account, which enables customers to access, buy, and trade Shariah-compliant stocks from anywhere.
HLIB group managing director Lee Jim Leng said this will provide HLIB customers’ with greater convenience and accessibility, allowing investors to start and grow their Shariah or conventional portfolios.
"At HLIB, we are committed to providing our customers with an end-to-end investment experience which provides widespread access to a variety of investment options.
“Ensuring a fully digital onboarding experience, especially for our Shariah Trading Account, is a testament to our ongoing efforts to enhance our digital capabilities and build solutions around the needs of our customers,” she said.
According to a statement, the Shariah Trading Account is designed to cater to the growing demand for shariah-compliant investment solutions.
The trading account offers investors the chance to trade in shariah-compliant securities within the digital trading platform, including HLeBroking and HLeBroking Mobile, and is equipped with shariah indicators for shariah-compliant stocks.
Additionally, HLIB also announced the launch of its HLeBroking Flexi Trade, which offers customers additional trading limits based on cash or shares on hand and allows customers to enjoy brokerage rates of as low as 0.08% when trading with cash upfront
The flexi trade feature also includes a limit that is double the cash pledged and up to three times the share value pledged as collateral, and offers customers immediate trade confirmation and online settlement, and access to HLIB’s industry-leading trading tools and market research.
Online onboarding for the Shariah Trading Account and HLeBroking Flexi Trade are now available to all HLIB customers.
