Webull Malaysia Is The First Online Retail Brokerage To Launch An Islamic Banking Channel, Enabling Shariah-Compliant Funding Options To Trade MY & US Markets

KUALA LUMPUR, Malaysia, Nov. 21, 2024 /PRNewswire/ -- Webull Securities (Malaysia) Sdn. Bhd. ("Webull Malaysia"), a subsidiary of Webull Corporation, owner of the popular Webull digital investment platform with over 40 million downloads globally, today announced the launch of an Islamic banking channel. This new feature offers local investors the flexibility to choose to fund their Webull trading accounts via an Islamic bank or a conventional bank, making Webull Malaysia the first fully online retail brokerage platform in the country to offer such a service.

The dual banking gateway provides both Muslim and non-Muslim investors with a seamless and flexible currency exchange and deposit system. For those seeking to fund their trading accounts with Shariah-compliant funding options, this new feature, together with zero deposit fees, interest-free and a profit-sharing based banking facility, will enhance their overall trading experience.

Meeting the needs of local investors

Webull Malaysia's new Islamic banking channel aims to cater to the diverse needs of local investors, especially investors who are looking to invest in Shariah compliant equities and exchange traded funds (ETFs) across both the Malaysian and U.S. stock markets. Furthermore, the existing Shariah indicator for U.S. stocks and ETFs will improve the overall investor experience by making it easier and more efficient to access and trade Shariah-compliant assets on the Webull platform.

Kenneth Chan, CEO, Webull Malaysia, said, "We are proud to be the first fully online retail brokerage platform in Malaysia to offer local investors the flexibility to fund their trading accounts with an Islamic bank. The introduction of the Islamic banking channel along with improvements to the Shariah stock screener, enables investors to fund their trading accounts in a way that best aligns with their investment needs and principles. By offering local investors the option to choose between Islamic and conventional bank funding for their Webull accounts, we aim to deliver inclusive, seamless and accessible trading experiences for all investors. We are also committed to enhancing the experience of local investors by offering a fully localised version of the Webull MY trading app. This feature allows users to translate all content -- from portfolio displays to the latest local and international news, as well as the educational materials provided - into Bahasa Melayu, ensuring an accessible and tailored experience for our Malaysian users. We are proud to support the needs of Malaysia's investment community and remain committed to developing innovative products that enhance convenience and accessibility for investors."

Key product highlights

With this latest dual banking feature, Webull Malaysia aims to strengthen its position as one of the top fully online retail brokerage platforms in Malaysia, offering investors products and services tailored to meet the unique needs of local investors.

On the Webull platform, Malaysian investors will be able to:

1. Maximise their investments with transparent, low and competitive trading costs on Malaysian and U.S. stocks

2. Features to support the needs and financial goals of local investors

In addition to the new Islamic banking channel, Webull Malaysia currently offers investors a suite of professional trading tools, including over 17 charting tools and more than 58 technical indicators. The platform also provides timely and professional analyst ratings on various equities, helping investors refine their investment strategies and analysis. With Webull Malaysia's user-friendly interface, investors of all levels can trade and own fractional shares starting from just USD 5.

Looking ahead, Webull Malaysia will continue to develop new products and enhance its products and services to meet the needs of local investors, empowering both new and experienced investors to capitalise on global market opportunities through a platform that aligns with their financial values and goals.

To learn more about Webull's products and services, please visit the website: https://www.webull.com.my/

Media contact:

Cognito for Webull
Webull@cognitomedia.com

About Webull:

Webull is a leading digital investment platform built on next generation global infrastructure. The Webull Group operates in 15 regions globally and is backed by private equity investors located in the United States, Europe and Asia. Webull serves more than 20 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures and fractional shares, through Webull's trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at https://www.webullcorp.com/.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Webull Malaysia Is The First Online Retail Brokerage To Launch An Islamic Banking Channel, Enabling Shariah-Compliant Funding Options To Trade MY & US Markets

Webull Malaysia Is The First Online Retail Brokerage To Launch An Islamic Banking Channel, Enabling Shariah-Compliant Funding Options To Trade MY & US Markets

Strengthening Commitment to Sustainable Growth and Value Creation

Aiming to Enhance Liquidity, Broaden Investor Reach, and Amplify ESG Visibility

KUALA LUMPUR, Malaysia and HONG KONG, Nov. 21, 2024 /PRNewswire/ -- Unity Group Holdings International Limited ("Unity Group" or the "Group", stock code: 1539.HK), the first energy service company listed on the Hong Kong Stock Exchange since 2015, providing proprietary energy-saving solutions is excited to announce its strategic decision to pursue a secondary listing, with plans to list in Bursa Malaysia. This initiative aligns with the company's present and strong development in Malaysia along with the recent strategic partnership with one of the largest banks in Malaysia in supporting local government projects.

This initiative reinforces our objectives and sustainability commitments by unlocking new opportunities, enhancing shareholder value, and strengthening the Group's long-term vision of fostering a positive environmental impact through energy efficiency.

"We are excited about this launch, this marks the first time in over 15 years that a Hong Kong-listed company has first debuted on Bursa Malaysia," stated Mr. Mansfield Wong, Chairman and Chief Executive Officer of Unity Group. "We will have further discussions between the group and qualified professionals with regards this secondary listing.  The Group is experiencing significant momentum in expanding business opportunities and driving stronger ESG development in Malaysia." he added. "We believe the Secondary Listing would further connect our business focus in Malaysia with local heritage, so that we would be able to create value and benefit more effectively for the people in Malaysia."

Unity Group, a recognized leader in the Environmental, Social, and Governance (ESG) sector, provides energy saving solutions that significantly reduce electricity costs and carbon footprints for its clients. The Group's mission is to provide energy solutions that not only decrease operational expenses but also promote support sustainable development. This secondary listing marks a significant advancement in Unity Group's market presence and its commitment to delivering meaningful ESG value to its stakeholders.

Growth Objectives and Benefits of the Secondary Listing

Unity Group's secondary listing initiative outlines two key objectives aimed at strengthening its growth and enhancing its position in the global market:

1. Enhanced Liquidity and Valuation

By pursuing a secondary listing, Unity Group seeks to enhance its liquidity and potentially elevate its market valuation. Listing on Bursa Malaysia will offer Malaysian and regional investors access to Unity Group's shares, thereby strengthening its market presence and creating opportunities for value appreciation.

2. Diversified Investor Base

The secondary listing will allow Unity Group to expand its investor base, attracting both local and international investors with an increasingly interest in sustainable investments. By engaging a diverse group of investors, the Group is well-positioned to enhance its capital structure, ensuring ongoing support for expansion and innovation in its energy-saving solutions.

About Unity Group Holdings International Limited

Founded in 2008, Unity Group became the first energy service company to list on the mainboard of Hong Kong Stock Exchange. At the core of its operations is the Energy Management Contract (EMC) business model, implements investment-free customized solutions to achieve optimal energy efficiency and maximize returns for clients, utilize our proprietary products designed and developed by our research and development team. Unity Group operates in Hong Kong, Mainland China, Malaysia, Indonesia, South Africa and the U.A.E. Middle East.

Unity Group's website: https://www.unitygroup.eco/index.php 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Unity Group Launches Secondary Listing Initiative in Bursa Malaysia