How to invest in the Iraqi Stock Exchange

As investors in the Dinar know, there are three main ways to invest in the future of Iraq: The ISX (Iraqi Stock Exchange), paper currency (The New Iraqi Dinar, or NID), and a savings account at an Iraqi bank such as Warka. This page will serve as a quick start guide to getting in the ISX (Iraqi Stock Exchange). It is advisable and convenient to already have a Warka Savings account open in order to facilitate this investment avenue.

Ready? Good! Follow the steps and you’ll soon be holding stock that could easily make you rich. This guide is for United States citizens. The steps are similar for citizens of other countries, the main difference will be the process to certify the documents.

Step one:

  • Download this file: Legal Declaration for ISX Form
  • 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:

Once you’ve received your papers back from the Arab American Chamber of Commerce, send them to Warka Bank (keep a copy for yourself). Be sure to use FedEx, my first attempt got lost in the mail and I had to spend another $103 to get certified docs again. I sure wish I’d used FedEx! Send them, along with your email address or contact info, to:

Warka Bank for Investment and Finance
Main Branch – Baghdad Iraq
International Foreign Relations Department
Watheq Square – Salman Faiq St.
Hay Alwihda – Sec. 902 – 14th St.
Baghdad, Iraq
Phone (009)647-1728

Stay tuned for an update detailing how to buy stocks, sell stocks, and pick stocks on the Iraqi Stock Exchange.

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9 Responses to “How to invest in the Iraqi Stock Exchange”

  1. [...] to invest in the Iraqi Dinar. One is cash dinar, another is open a Warka Account, and the third is investing in the ISX. My advice is to remain diversified in all of your investments. Don’t spend more than you can [...]

  2. avatar DinarGator says:

    The address for the American Arab Chamber of Commerce is the old address. Your stuff will still make it but it will be forwarded and you will lose a few days or more time wise.

  3. avatar JFB says:

    What is the new address for the American Arab Chamber of Commerce?

  4. avatar Ana says:

    Call the 800# above to be sure!

  5. avatar phxvalleygirl says:

    What if you don’t have a passport?

  6. avatar Ky Dave says:

    I have a funded Warka savings account and my trading number from the ISX. It is my understanding that the minimum buy or sell order is 200,000 shares per company per session on the ISX. My question is, what is the minimum buy or sell order for the ISX main index and individual sectors?

  7. avatar MN says:

    New mailing address of Certification Department
    Arab American Chamber of Commerce
    Certification Department
    1615 Bay Head Road
    Annapolis, MD 21409

  8. avatar Chris & Kristi says:

    The US post offices response to losing our documents also……shoulder shrugg.
    I’m so mad I could spit….
    At least we have our passports. but we’re back to square one.

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