MALAYSIA: OSK Investment Bank is in the final stages of setting up an Islamic stockbroking business, said Yazit Yusuff, its head of Islamic banking.
The new business will offer research on Shariah compliant stocks, the buying and selling of shares, settlement, discretionary and margin financing.
The bank is also considering launching the business outside Malaysia, said Yazit.
He added that the bank is eyeing opportunities to tap into the Islamic fund and wealth management business in emerging markets for Islamic finance such as Hong Kong, Indonesia, Singapore and Thailand.