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.
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.
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.
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.
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.
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.
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.