MIDF Digital Investment Platform For Malaysians to Invest in US Stocks
MIDF Amanah investment Bank, a subsidiary of Malaysian Industrial Development Finance (MIDF), unveiled its online investment platform MIDF Invest which allows malaysians to invest in stocks and ETFs listed on the New York Stock Exchange (NYSE) and Nasdaq.
The MIDF Invest app that provides tutorials and research for the novice, charting and other powerful trading tools for the advanced user, and simplifies fund transfers to and from the investor's Malaysian bank account.
Users can open an Islamic account and invest in the large universe of Shariah-compliant shares such as Apple, Alphabet, Facebook and Tesla and ETFs listed on the NYSE and Nasdaq.
From 6 to 31 July 2021, MIDF Invest will offer free brokerage for all trades under US$1,000.
This product is delivered in partnership with Saxo Markets Asia Pacific which is a licensed subsidiary of Saxo Bank, a regulated provider of investment services and technology.