Just wondering who has accounts with warka and who have received their interest payments today! They have just paid me mine! So I am extremly happy!:wigged::wigged::banana::banana::leader:
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Just wondering who has accounts with warka and who have received their interest payments today! They have just paid me mine! So I am extremly happy!:wigged::wigged::banana::banana::leader:
Got mine too:party:Quote:
Originally Posted by screwball
All we need are our free shares! I am waiting on 420,000 shares!Quote:
Originally Posted by Onenomad
I havent followed the ISX took some time out for a bit after going on a mad buying spree....what free shares? Warka? any timeline on when we should get them?Quote:
Originally Posted by screwball
Yes you get 64.5% on top of what you own! Timeframe? They said as soon as the have finalised their committee meetings which is one of main reasons why they have not been trading! Should be soon! If you have shares in Iraqi Investment Bank, North Bank, Dar Sallam etc we should also see free shares coming through as they have just posted huge profits!Quote:
Originally Posted by Onenomad
Sweet I own all those except for North Bank Thanks for the info :beer:Quote:
Originally Posted by screwball
we should do extremely well with the Iraqi Investment Bank as this bank is the clearing bank for the isx!Quote:
Originally Posted by Onenomad
I thought that too when buying them I think whatever banks we own we will do really well when the world gets in on investing I was also told by people far smarter then myself to buy Basrah Bank because of all the oil there. Im looking now to take the interest payment and putting it into a CD with Warka do you have any of these?Quote:
Originally Posted by screwball
Yes I have Basrah Bank shares, only 205000 shares, but what is a CD? How does this work?Quote:
Originally Posted by Onenomad
people think I am crazy but with the Zimbawe ISX at 12000% and Vietnam ISX up 15000% just imagine what the Iraq ISX will get too once the oil starts flowing and the rate gets back to the old in 5-10 years time! I am 120% certain we will see 20000% on our shares, would not be a bit suprised to see 6000 USD per share when converted. The National Bank of Kuwait currently sits at 2,000 KWD per share!Quote:
Originally Posted by screwball
Yup I agree the gains are going to be crazy looking for info for you now on the CD back in a min.
How To Get A Warka Bank CD (Certificate of Deposits)...
The current Warka Bank CD payed interest options are as follows:
A 3 month 13% interest CD.
A 6 month 14% interest CD.
A 1 year 15% interest CD.
A 2 year 17% interest CD.
The CD interest will only be deposited into your account if you do not make any financial transactions with your CD. If any financial transactions are made with your CD funds before your CD matures, your CD interest will be void.
>> Below is the CD (Certificate of Deposits) request form, copy/print it out. Complete it,
signed it, then scan it and save it as a jpg image or pdf file. Attach the jpg or pdf file to
your Warka CD request email and send it to Mr. Issa at [email protected]
I, ________________________ authorize Warka Investment Bank to withdraw ___________ Dinars from
my IQD Savings Account #_________ to open a ________________________ CD (Certificate of
Deposits) on my behalf.
Party in full agreement, signed below.
____________________________________ Date_____________
Legal Account Owner & Investor
>>> Below is an example of how the above CD request form is used:
I, (Your Name) authorize Warka Investment Bank to withdraw ___________ Dinars from my IQD
Savings Account #_________ to open a (3 month 13% interest) CD (Certificate of Deposits) on my
behalf.
Party in full agreement, signed below.
_____________(Your Name)____________ Date_____________
Legal Account Owner & Investor
__________________
"Mr. Rockefeller, how much money did you make last year? Oh, 650 million or thereabouts. How much tax did you pay on that? Oh, I don't pay any taxes. How is that possible Mr. Rockefeller? His answer? I don't own any of it." Access without ownership. Equity without liability. Completely compliant and legal.
Talk to me gents, how are you buying in right now. Is that the thing were you send a copy of your passport warka an account???? What is the turn around tiime on this.....more imprtantly how are you buying the shares in the banking sector.
patiently waiting a response
I sent a copy of my passport and drivers licence, scanned jpegs! Then I sent letter authorising the purchase of shares in banks. I have 200,000 shares in about 15 banks. With a arim of possibly cashing out in 5-10 years! Then leaving the money in warka and getting 13% interest!Quote:
Originally Posted by cashNsoon
lets chat in the chat room, one nomad and cashnsoon!Quote:
Originally Posted by screwball
I'm doing it through Warka I have an account with them and am using their proxy program (I know allot of people don't like this idea but I have never had any problem)<---and getting in at these rates is going to be massive I only own banking shares (Most of them except North due to a buying pause) I have spoken to a broker friend of mine in the UK who is also doing this and he sees no problem with the proxy program as the UK does it too Its like my UK shares I own them but I don't hold or have the certificate for them the broker does when I sell them my account gets the money I have sold some of my ISX shares just to see what happens and I got the confirmation and my Warka account was credited I also have loads in Al-Mamoura (real estate) Thinking on getting some hotels but a bit weary due to security but again would be the ideal time I suppose. I just feel with the amount of money going to be flowing into the country the financial sector is going to go crazyQuote:
Originally Posted by cashNsoon
Ok going there nowQuote:
Originally Posted by screwball
I have diversified a bit! I also own shares in two real estate companies, soft drink company, pharmaceutical company and insurance company. Yes also using proxy program through Warka! No problems to date I also have online banking and looking at getting visa card.Quote:
Originally Posted by Onenomad
I think anyone invested in the ISX in general will be laughing I like the visa card idea too. I also hold insurance and Iraqi Oil and goods transportaion (IOIL) as it was the only oil play I could see at the time lets hope the new laws change that :wink:Quote:
Originally Posted by screwball
Gents, I can't get into chat room but have some questions:
1. I am in country now and dont have my passport with me (might have to have the old lady scan and e-mail it) they restrict size so it may be a problem.
2. How did you get your US transfered to Warka to convert into dinar?
3. When you talk about proxy....I am guessing via internet transaction Little lost.
4. Once I get funds transfered to Warka I am assuming through wire transfer. Were do I go from there. Do I tell them referencing to the ISX company list What and how much I want to purchase?
Ok thats enough for know.....I was just in Warka and found it hard to navigate through opening an account.
Thanks Cash
CashnSoon!send me a pm with an email and i will send copies of my letters! In a nutshell you send them a letter tell them (warka) that you want to set up a joint uSD/Iqd account. 2.Wire transfer them the money3.Email them your stock pick list atleast 1-2 days before trading telling them exactly how mush dinar you want to invest in what bank .4.Its a good time to apply for online banking, this cost 15000dinar.Quote:
Originally Posted by cashNsoon
Initially you dont need any money to set up the account. Just email them your letter with scanned copies of your passport and drivers licence. generally takes 2-3 days, I got mine set up in less than 6-8 hours!Quote:
Originally Posted by screwball
Once you get your account details then wire transfer the money!Quote:
Originally Posted by screwball
[email protected] This is the email address to Mr Mohammad K Issa. He will get the ball rolling on your account!
[email protected] this is the email address for your stock picks! Address your email to Ms Gorgees!
OK sorry had to duck out for a bit back now, I didn't wire my dinar I sent it by courier I divided my dinar into 3 lots of roughly equal amounts cash in hand Warka ISX figured Ive covered all bases that way.
Where do I find the price per share? I can't find it on the ISX website. :eek:
I found it. :fryingpan
How do you know that your interest was paid? Did you receive notification via email? Are you accessing online banking?Quote:
Originally Posted by screwball
I am still waiting for online banking passwords to be reissued since they upgraded their system and the old passwords stopped working. Have others already recieved new password? If so, about when?
Thanks
I check my account with online banking and the interest had been paid! You just need to get cranky but in nice way to get your password!Quote:
Originally Posted by celilo
Thanks for the tip.Quote:
Originally Posted by screwball
My password remained the same.. and the online banking shows that I received my interest also.....woOTQuote:
Originally Posted by celilo
Lets just hope Warka bank doesnt get blown to bits.
Of course no one here wants to see Warka blown to bits, but remember that there are many Warka branches.Quote:
Originally Posted by arvie
Hey guys - does anybody know what the minimum is to open an account? How about stocks - how many to a block?
I don't know the minimums as it never came up when I set up my account, but your going to incur some wire fees setting up the account, so it's probably not worth it if your not depositing at least a half million dinar or more. Just my opinion.Quote:
Originally Posted by greatstuff
Quote:
Originally Posted by Onenomad
Folks, keep in mind that those rates may change sometime in the future, so first contact Warka to get their latest CD rates and then fill out the form above accordingly...