Today is : March 29, 2024  
   [النسخة العربية]  


    FAQ


What is Sharjah Islamic Electronic Services?
Who is eligible to trade UAE local shares through Sharjah Islamic Electronic Services ?
What are the operational requirements of Sharjah Islamic Electronic Services?
Is there any subscription fee against service provision?
What commission rate does the SIFS apply to trading via Sharjah Islamic Electronic Services?
How can I subscribe to Sharjah Islamic Electronic Services?
How secure is Sharjah Islamic Financial Services site for trading purposes?
What company shares are tradable via Sharjah Islamic Electronic Services?
What are the UAE local shares trading times?
Can I fix the execution quantity?
What is a MKT?
What happens to the order if my available balance does not cover the bid quantity price?
What is an offer?
What is a 'Market Order'?
How can I amend an order?
How can I cancel an order?
Are there any restrictions in case of order characteristics alteration?
What happens if I do not fix the order validity?



What is Sharjah Islamic Electronic Services?

Sharjah Islamic Electronic Services is an electronic trading service offered by Sharjah Islamic Financial Services over the Internet to our valued customers to enable them execute local shares trading transactions, monitor their investment portfolios and view market news and developments.

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Who is eligible to trade in local shares through Sharjah Islamic Electronic Services?

As instructed by the financial market, this service is available to all local customers and GCC citizens and foreigners. Taking into account the proportion of foreign ownership.

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What are the operational requirements of Sharjah Islamic Electronic Services?

  • Active trading account with Sharjah Islamic Financial Services.
  • E-mail address.
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Is there any subscription fee against service provision?

There is no fee for this Service

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What commission rate does firm apply to trading via Sharjah Islamic Electronic Services?

The same as the commission that would have been deducted at the execution of the request by phone or branches.

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How can I subscribe to Sharjah Islamic Electronic Services?

When filling out a form to open an account with SIFS, include "the online trading request" and submit your request at the nearest branch. Your user name and Password will be Send via e-mail and mobile phone to provide you with the necessary information.

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How secure is Sharjah Islamic Electronic Services site for trading purposes?

The site is equipped with state of the art encryption technologies to prevent third party access to your account details through the Internet. When you logon to the Service, the password will be automatically encrypted and nobody will be able to read it. This is in addition to Service specific protection software and constant monitoring by our qualified staff. To further reassure our customers, we enforce a number of hidden verification tools to abort fraud and breach.

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What company shares are tradable via Sharjah Islamic Electronic Services?

Shares of UAE joint stock companies listed on the ADSM & DFM Stock Markets are tradable through the service

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What are the UAE local shares trading times?

  • Sunday through Thursday.
  • From 9:30 to 10:00 order placing only (pre - opening).
  • From 10:00 to 2:00 actual trading
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Can I fix the execution quantity?

Yes, you can fix the quantity to be executed using a special execution order. The Service supports fixation of special execution in the following manner:

  • Full execution ( All or Non): the order quantity must be fully executed without splitting.
  • 1st time minimum execution amount: this order enables the user to fix the order minimum quantity to be executed in the first deal. For the remaining quantity, the order becomes a just another normal order.
  • Minimum execution amount: the order is executed in equal deals until the entire order quantity is executed.
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What is a bid?

It is an order to buy a specific number of shares of a given company traded on the market.

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What happens to the order if my available balance does not cover the bid quantity price?

Prior to acceptance of an entered order, the System will match the order price to the designated current account balance. This measure aims to ensure that the order is fully executable without overdrawing the account. If the balance is insufficient, the System will return a message indicating that the available balance is inadequate to execute the order.

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What is an offer?

It is an order to sell a specific number of shares of a given company traded on the market.

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What is a 'Market Order'?

It is an un-priced order to trade a particular share instantly at best current market price.

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How can I amend an order?

Click on the? Action? Icon to view and amend order details, then enter your? Password? To authorize the amendment.

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How can I cancel an order?

Click on the (X) mark beside the order number to view the 'cancellation confirmation screen'.

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Are there any restrictions in case of order characteristics alteration?

You cannot amend the company symbol, market or order type (bid/offer). For these cases, you need to cancel the order, enter details again and send it to the market.

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What happens if I do not fix the order validity?

If no order validity is fixed, the System will automatically enter it as a One Trading Day Order.
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