BrokersView has reviewed that BursaIslamic is an unregulated broker BursaIslamic fails to provide regulatory information and licensing data, a clear scam indicator suggesting it is not overseen by any regulatory body. Therefore, any offering of financial services or products by this broker is illegal. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

The Malaysia SC issues a warning against BursaIslamic On April 16, 2023, the Securities Commission Malaysia (SC) issued a warning against BursaIslamic, adding it to its warning list for operating an Illegal investment scheme. https://www.sc.com.my/regulation/enforcement/investor-alerts/sc-investor-alerts/investor-alert-list

BrokersView has identified that BursaIslamic's website is currently offline BrokersView found that the domain "bursaislamic.com" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.

Fake investment platform, 2,591.50 MYR out I saw an ad on FB and clicked the link provided to contact the platform. They offered various trading packages and I agreed to deposit 550 MYR starting from LV1. I profited in a short time. But then they asked me to pay for broker fees. I did as what they demanded. Later, they advised me to pay extra fees for opening a CDS account. At that time, I realized I might have been duped.Their website https://bursaislamic.com/. View Source

Stay away from Bursa Islamic At first I saw an ad on FB which aroused my interests. I click the link included and was sent to the admin. I was soon added to the group where are many traders who are sharing profits. That tempted me to join the trading and invested 550MYR. Just after a little while, I got the message that I have earned a lot and I needed to make broker fee payment. Thanks god I suddenly wanted to check the contact number via Truecaller and I did. The result shows that the number belongs to scammer.While I lost 550MYR, I stopped sending money immediately. I hope everyone reading my experience can stay vigilant and do not fall for such scams. View Source