The Islamic Financial Institutions Development Program works on advising financial institutions on creating Islamic independent subsidiary/windows, converting conventional financial institutions into Islamic entities, and creating new Islamic banks/vehicles focused on the local markets especially small and medium enterprises.
As the demand for Islamic products grow, institutions in ICD’s member countries, the program helps in developing Islamic Finance products and capabilities in private sector institutions in its member countries.
Types of Services
1- Conversion/Establishment: Convert conventional financial institutions into Islamic ones or create an Islamic independent subsidiary/window (including banks, insurance companies, leasing companies, and mortgage companies.)
2- Fund Raising/ Advisory: Assist Islamic financial institutions in raising capital, restructure and merge with other institutions, and support the existing Islamic institutions to enhance their operational processes, boost their financial resources and diversify their products
3- Regulation: Advise governments to develop and implement new regulation and supervision system for Islamic financial institutions and assist these governments in enhancing & developing their existing Islamic financial system.
4- Capacity Building: includes identifying knowledge gaps, theoretical training & developments program, practical training in our financial institutions subsidiaries around the globe, and knowledge transfer & tools.
Brokerage fee amount by transaction value 1.
Trade online and settle your trade to a CDIA or CommSec Margin Loan 2.
Trade online and settle into a bank account of your choice.
Share Trades over the Phone 3.
CommSec Share Packs online 4.
CommSec Share Packs over the phone 4.
Trades requiring settlement through a third party 6.
1 For GST rounding reasons, the final brokerage fee may vary from the stated or expected brokerage fee by a couple of cents.
4 Normal brokerage will apply when a stock acquired through CommSec Share Packs is subsequently sold.
5 Amount per share will be noted as brokerage on each confirmation issued. There will be no substitution should a stock have a trading halt placed on it.
6 Includes third party Margin Lending, and where the Commonwealth Bank exercises its rights under the loan Terms and Conditions.
Other fees may apply. Please see the CommSec Financial Services Guide.
Open a CommSec Share Trading Account.
Buy and sell shares using a CommSec Share Trading Account with our cash account - with it you can seamlessly settle trades, transact and earn interest.
Buy and sell shares using a CommSec Share Trading Account with your existing bank account.
Frequently asked questions.
Shares held with another broker.
For the transfer to be successful the name and address registered on your issuer holdings must match your CommSec account.
Your request will be completed within 72 hours.
Shares held with the share registry To transfer shares held with the share registry into your CommSec Trading Account you need to complete an Issuer Sponsored Holdings to CHESS Sponsorship Transfer Form.
Your request will be completed within approximately 48 to 72 hours of receipt.
When you have bought and sold shares on the same day and the next trading day, your payment may be partially or wholly offset. For more information refer to the New Client Guide.