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

Business

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

Business

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

2024-11-21 09:58 Last Updated At:10:35

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

  • Local investors can trade Malaysian and U.S. markets with zero commission fees for the first 180 days, reducing the barriers to market entry into both Bursa Malaysia and U.S. markets. Additionally, Webull Malaysia's zero platform fees make it a cost-effective choice for investors looking to trade stocks in both Malaysian and U.S. markets.
  • Webull Malaysia offers competitive foreign exchange rates, allowing investors to benefit from FX rate fluctuations and minimising the cost of currency conversion when trading in USD-denominated markets.

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

  • With the new Islamic banking channel, local investors can choose to fund their trading account with an Islamic bank in Malaysia.
  • Local investors funding their trading account with an Islamic bank will be part of a profit-sharing based banking facility.
  • Shariah indicators made available to screen U.S. stocks and ETFs for easy access to Shariah-compliant assets.
  • To ensure that Webull's platform is accessible to native speakers in Malaysia, Webull Malaysia has fully integrated Bahasa Melayu into its platform interface, creating a more comfortable and user-friendly trading environment for all 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/.

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

  • Local investors can trade Malaysian and U.S. markets with zero commission fees for the first 180 days, reducing the barriers to market entry into both Bursa Malaysia and U.S. markets. Additionally, Webull Malaysia's zero platform fees make it a cost-effective choice for investors looking to trade stocks in both Malaysian and U.S. markets.
  • Webull Malaysia offers competitive foreign exchange rates, allowing investors to benefit from FX rate fluctuations and minimising the cost of currency conversion when trading in USD-denominated markets.

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

  • With the new Islamic banking channel, local investors can choose to fund their trading account with an Islamic bank in Malaysia.
  • Local investors funding their trading account with an Islamic bank will be part of a profit-sharing based banking facility.
  • Shariah indicators made available to screen U.S. stocks and ETFs for easy access to Shariah-compliant assets.
  • To ensure that Webull's platform is accessible to native speakers in Malaysia, Webull Malaysia has fully integrated Bahasa Melayu into its platform interface, creating a more comfortable and user-friendly trading environment for all 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

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

Featuring four distinct control modes, app-controlled 10-color RGB LED lighting, and an internal emergency escape mechanism, the SmartSlide sets a new benchmark for safety and usability in the aftermarket truck bed category

DALLAS, May 14, 2026 /PRNewswire/ -- Wolfbox, a leader in off-road dash cams and electronic automotive accessories, has launched the SmartSlide electric sliding tonneau cover, the newest addition to the brand's growing auto accessories lineup. Designed for outdoor enthusiasts and everyday truck drivers, SmartSlide delivers a versatile multi-mode control system, app-controlled 10-color RGB LED lighting, and an easily accessible internal emergency escape mechanism.

A tonneau cover is a truck bed cover that protects contents from weather and theft, and as an aftermarket product has conventionally been a simple, functional add-on. With SmartSlide, Wolfbox has created an advanced user-centric system that integrates automation, safety and real-world usability to make it easier to secure and access truck cargo.

SmartSlide is compatible with a wide range of popular truck models—including the Ford F-150, Raptor, Lightning and Maverick; Chevrolet Silverado 1500; GMC Sierra 1500; Toyota Tacoma and Tundra; and Ram 1500—and more vehicle compatibility is in the pipeline.

A New Safety and Control Standard for Tonneau Covers

SmartSlide is engineered for flexibility and ease of use, featuring one of the most versatile multi-mode control systems available in a tonneau cover. Drivers can open and close the tonneau cover via four distinct control methods:

  • App-based control for remote access
  • Dedicated key fob remote
  • Physical side-mounted buttons
  • Manual override for fail-safe reliability

The open-close system is fully electric, offering more consistent operation than manual covers. With precise, repeatable sealing and locking every time, SmartSlide ensures cargo remains protected and secure without requiring the driver to repeatedly adjust the locking mechanism. This "set and forget" approach gives drivers consistent confidence in the security of their truck bed at all times.

A standout safety feature of SmartSlide is the emergency escape button located on the inside of the truck bed. This safeguard ensures occupants can always open the cover from inside the bed—an important consideration for enclosed cargo scenarios. While other tonneau covers are focused solely on securing cargo, Wolfbox sets a new safety standard for aftermarket truck bed systems.

Engineered for the Real Outdoors

SmartSlide is built to withstand the demanding conditions found across North America. The tonneau cover is engineered to operate in extreme temperatures ranging from -22 to 185°F (-30 to 85°C). The system features an IP56-rated waterproof motor, automotive-grade sealing components, a built-in drainage system, and a full-perimeter sealing design to help protect against rain, snow and dust.

An intelligent obstacle detection system adds an additional layer of protection by halting operation if resistance such as ice buildup is detected, while high-density self-cleaning brushes automatically sweep away dust and debris as the cover operates.

Beyond protecting the contents of the truck bed, SmartSlide is also designed to support weight. Constructed from 6063-T5 aluminum alloy, SmartSlide has an impressive 800-pound (362 kg) static load capacity. This allows the tonneau cover to support demanding use cases such as mounting rooftop tents, cargo carriers and overlanding equipment. To top it all off, integrated T-slot side rails allow for seamless accessory attachment without drilling—enabling users to expand their setup into a fully modular cargo system.

To make cargo management easier at night, Wolfbox added 10-color RGB ED ambient lighting in SmartSlide—a first for tonneau covers. The nifty mobile app lets users switch between task lighting for loading and unloading gear and ambient atmosphere lighting at campsites.

The Wolfbox SmartSlide is now available through the official Wolfbox website for auto gear and Amazon at just $1,999.99 (originally $2,399).

For more information on Wolfbox auto accessories, visit gears.wolfbox.com or the Wolfbox Amazon storefront.

About Wolfbox

Founded in 2019, Wolfbox is a leading brand in automotive electronics that specializes in advanced smart mirrors and dash cams, as well as other auto accessories such as jump starters, tire inflators and deflators, 2-in-1 starter and compressors, and more. Wolfbox has served over 800,000 drivers in 89 countries, and continues to innovate for the auto accessories market with high-tech automotive gadgets and electronics for tech-savvy consumers and outdoor activity enthusiasts.

For more information, visit wolfbox.com and gears.wolfbox.com.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Wolfbox SmartSlide Brings Versatile Multi-Mode Control and Enhanced Safety to Electric Tonneau Covers

Wolfbox SmartSlide Brings Versatile Multi-Mode Control and Enhanced Safety to Electric Tonneau Covers

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