KUCHING: Customers can now enjoy a fully online onboarding experience when applying for Hong Leong Investment Bank (HLIB) accounts and products, including for the Shariah Trading Account which allows customers to access, buy, and trade stocks which are Shariah-compliant.
In a statement it said this is in line with the bank’s commitment to making investments more accessible and convenient for customers.
“By enhancing its digital investment platforms and optimising its onboarding processes, HLIB is taking another step forward to ensure that our investors can start and grow their investment portfolios with ease from anywhere, at any time,” it said.
It added that the Shariah Trading Account is designed to cater to the growing demand for Shariah-compliant investment solutions.
“The comprehensive trading account enables investors to trade in a wide range of Shariah-compliant securities on the Bank’s digital trading platforms, including HLeBroking and HLeBroking Mobile, and is equipped with Shariah indicators for Shariah-compliant stocks,” it said.
HLIB Group Managing Director Lee Jim Leng emphasised the bank’s commitment to provide its 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.
“We believe that this will provide our customers with greater convenience and accessibility, allowing investors to start and grow their Shariah or conventional portfolios from anywhere, at any time,” he said.
In line with the bank enhancing its digital investment offerings for customers, he also announced the launch of HLeBroking Flexi Trade.
He explained that the Flexi Trade offers customers additional trading limits based on cash or shares on hand, while enabling customers to enjoy attractive brokerage rates of as low as 0.08 per cent when trading with cash upfront.
For trading limits in excess of cash upfront, he stated that customers can also enjoy brokerage fees of 0.18 per cent for contracts worth RM100,000 and above, and 0.38 per cent for contracts below RM100,000.
“This flexible trading feature provides other exciting benefits, including a limit that is double the cash pledged and up to three times the share value pledged as collateral.
“It also offers customers immediate trade confirmation and online settlement, while providing complimentary 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.
To know more about the Shariah Trading Account, those interested may visit https://www.hlebroking.com/v3/HleLocFaq.aspx whereas those who want to know more about the HLeBroking Flexi Trade features, they may visit https://www.hlebroking.com/v3/products_bursa.aspx.
