CEO Ruzi Rani Ajith believes investors may consider using futures contracts to diversify their investment portfolio.

“Our goal is to offer people opportunities to invest in line with their principles to achieve their investment goals, as well as to generate sustainable and positive impact,” she told the media at the launch of CGS-CIMB Futures’ SCF accounts for Bursa Malaysia Derivatives.

“We have received an overwhelming response from investors since its soft launch on July 26, 2022,” Ruzi, who is also CGS-CIMB Securities’ group head of islamic investment services, said.

She said investors are also making an impact on society through their contribution to zakat and charitable organisations.

Head of futures for Malaysia Maxwell Ong said that thanks to the high demand for shariah products in the market, many have opened new SCF accounts with CGS-CIMB since its soft launch at the Invest Shariah Conference 2022 in July.

He elaborated that Securities Commission ruled that CPO and PKO are shariah-compliant given that there is the physical delivery of the goods. “That ensures that the transactions are not speculative,” he said.

Ong also pointed out that there will be no price differences between SCF offerings and conventional ones.