Perspective2011 Posted May 27, 2014 Report Share Posted May 27, 2014 I would like to invest in Zain but not at the starting rate of $10,000 as a popular one mentioned here quoted me. Thanks! Link to comment Share on other sites More sharing options...
aitshioud Posted May 27, 2014 Report Share Posted May 27, 2014 Al karmal, they also helped sangsar capital management put together their banking report. Link to comment Share on other sites More sharing options...
Perspective2011 Posted May 27, 2014 Author Report Share Posted May 27, 2014 Al karmal, they also helped sangsar capital management put together their banking report. Thanks, I will contact him. Link to comment Share on other sites More sharing options...
sandfly Posted May 28, 2014 Report Share Posted May 28, 2014 THANKS 1 Link to comment Share on other sites More sharing options...
RedTailedHawk Posted May 29, 2014 Report Share Posted May 29, 2014 Hi Aitshioud,Thanks for the reply you gave a previous DV member regarding a broker who can help with entry into the ISX.I, too, want to invest in Zain, but can't afford the initial $10K that Moneysoon has indicated is needed by some brokers.Al Karmal is with what firm? Have you personally worked with him?It's very generous that you have compiled a Canadian investor ISX package... unfortunately, I probably can't benefit from that knowledge specific to Canadians (I'm an American).Thanks for whatever time you can give me in your response.Kind regards,RedTailedHawk 1 Link to comment Share on other sites More sharing options...
aitshioud Posted May 29, 2014 Report Share Posted May 29, 2014 Al Karmal is the name of the brokerage, wassim is the fellow I have been dealing with there. 1 Link to comment Share on other sites More sharing options...
aitshioud Posted May 29, 2014 Report Share Posted May 29, 2014 u need to get your docs authenticated by the arab American chamber of commerce. they have a web site and a deal specifically for the ISX, youll need to click Iraq and scroll down. its around 100 bucks when I just looked. I did this first a couple years ago and then found out that I needed to get the docs authenticated by the Iraqi consulate in my own country. u also cannot wire internally from warka to al-karmal. last time I checked.. in the future hopefully this all changes and business becomes easier.. unfortunately, these are challenges when being the first outa the gate. good luck 2 Link to comment Share on other sites More sharing options...
RedTailedHawk Posted May 29, 2014 Report Share Posted May 29, 2014 Thanks Aitshioud. Super helpful! Link to comment Share on other sites More sharing options...
eburt Posted May 30, 2014 Report Share Posted May 30, 2014 Thanks everyone - but this is my first time wanting to setup ISX account and wanted to know what is the first thing I need to do... Link to comment Share on other sites More sharing options...
aitshioud Posted May 30, 2014 Report Share Posted May 30, 2014 (edited) Step one: Download this file: Legal Declaration for ISX Form ( this form is on the net) or u can make it up. A copy of your I'd& passport, name address phone number email, triplicate signature, and lawyer stamp, It's essentially a doc that says your u edit the highlighted fields print it out get it notarized (you will need to do this in front of a notary with your passporte and ID present.) Step 2: Send the following items to the Arab American Chamber of Commerce: Your notarized Legal Declaration for ISX Form A copy of your ID and Passport A prepaid return envelope (Use FedEx for tracking purposes) A money order for either $103 (personal investing) or $258 (business investing). The address is: Arab American Chamber of Commerce Certification Department 972 Mt. Holly Dr. Annapolis MD 21401. Tel: (410) 757-5544 or 1 888 999 5991 (In case you were wondering, here is what the money order is for: AACC Service fee is $80.00 to certify any legal document ($35.00 charge for each additional document). Notary public and court fee = $5.00 Secretary of State fee = $5.00 Department of State fee = $8.00 Embassy of Iraq fee = $5.00 ($160.00 for business) You can find more information at the Embassy of Iraq: http://www.iraqembassy.org/ Embassy of Iraq 1801 P Street, NW Washington, DC 20036 Tel: (202) 483-7500 Embassy hours: Monday-Friday 9:30 AM – 5 PM Step 3: Contact your chosen brokerage and see how they would like you to get the above docs to them. Once you do that the brokerage will get you a trading number. Your brokerage may also have a client form for u to fill out and return. Wire the brokerage your money. Once received, Fill out a stock purchase form, print, sign, copy, send to brokerage I stress, double check all wire info. Every bank seems to have a different form for wire transfers. Bounce back fees are a pain in the wallet. This process is going to take time. Est 15 mins for signing with lawyer 3 days to get to chamber, them to sign and send back another 3-7? 10mins to email brokerage color copy of doc Or 1-2 weeks to mail physical doc to iraq 3 days -1 to 2 weeks for brokerage to get u an isx trading number 1 day - never for stock purchase. IMO. Don't go with warka. They take forever if they do anything at all your lucky. Edited May 30, 2014 by aitshioud 4 Link to comment Share on other sites More sharing options...
eburt Posted May 30, 2014 Report Share Posted May 30, 2014 Step one: Download this file: Legal Declaration for ISX Form ( this form is on the net) or u can make it up. A copy of your I'd& passport, name address phone number email, triplicate signature, and lawyer stamp, It's essentially a doc that says your u edit the highlighted fields print it out get it notarized (you will need to do this in front of a notary with your passporte and ID present.) Step 2: Send the following items to the Arab American Chamber of Commerce: Your notarized Legal Declaration for ISX Form A copy of your ID and Passport A prepaid return envelope (Use FedEx for tracking purposes) A money order for either $103 (personal investing) or $258 (business investing). The address is: Arab American Chamber of Commerce Certification Department 972 Mt. Holly Dr. Annapolis MD 21401. Tel: (410) 757-5544 or 1 888 999 5991 (In case you were wondering, here is what the money order is for: AACC Service fee is $80.00 to certify any legal document ($35.00 charge for each additional document). Notary public and court fee = $5.00 Secretary of State fee = $5.00 Department of State fee = $8.00 Embassy of Iraq fee = $5.00 ($160.00 for business) You can find more information at the Embassy of Iraq: http://www.iraqembassy.org/ Embassy of Iraq 1801 P Street, NW Washington, DC 20036 Tel: (202) 483-7500 Embassy hours: Monday-Friday 9:30 AM – 5 PM Step 3: Contact your chosen brokerage and see how they would like you to get the above docs to them. Once you do that the brokerage will get you a trading number. Your brokerage may also have a client form for u to fill out and return. Wire the brokerage your money. Once received, Fill out a stock purchase form, print, sign, copy, send to brokerage I stress, double check all wire info. Every bank seems to have a different form for wire transfers. Bounce back fees are a pain in the wallet. This process is going to take time. Est 15 mins for signing with lawyer 3 days to get to chamber, them to sign and send back another 3-7? 10mins to email brokerage color copy of doc Or 1-2 weeks to mail physical doc to iraq 3 days -1 to 2 weeks for brokerage to get u an isx trading number 1 day - never for stock purchase. IMO. Don't go with warka. They take forever if they do anything at all your lucky. Thank you so much aitshioud!!! This is very very helpful Link to comment Share on other sites More sharing options...
Perspective2011 Posted May 31, 2014 Author Report Share Posted May 31, 2014 Thanks everyone - but this is my first time wanting to setup ISX account and wanted to know what is the first thing I need to do... I emailed them a week ago but never heard back. I will check my spam folder and email them again. Link to comment Share on other sites More sharing options...
aitshioud Posted June 2, 2014 Report Share Posted June 2, 2014 (edited) I dono, al karmal has always got back to me within 48 hours. Edited June 2, 2014 by aitshioud Link to comment Share on other sites More sharing options...
Recommended Posts