Bank AL Habib introduces Gateway to Equity Market “GEM” to facilitate customers who are interested in investing their surplus funds in shares/securities through designated and registered TREC Holders / Brokerage Houses.
“GEM” is being offered to all Bank AL Habib customers having conventional, saving and current accounts. “GEM Linked Account” will be opened alongside customer’s existing bank account, for facilitating investment in shares, settlement of trades and custodial services.
GEM facilitates customers for investment in Equity Market (shares / securities) through designated and registered TREC holders / Brokerage houses of Pakistan Stock Exchange, settlement of trades and custodial services.
Any of the customer / potential prospects across the Globe who maintains singly operated base account at any of the Bank AL Habib Limited Branches, can open GEM Account in Pakistan only.
List of Account / Product is as follows:
Monthly Saver Account
Senior Citizen Account
Pensioners Saving Account
Enhanced Saving Account
Apna Current Account
This is non-checking linked account opened under customer’s base account.
Customer can Top up / Withdraw funds to and from GEM Linked Account to Base Account through GEM Portal.
Through Automated System, Login ID and Password are sent to the customer at the registered email address and can also operate through IVR through Call center (TPIN provided through email).
After completing this form, BAHL will open customer’s CDC Sub Account with Bank AL Habib Limited, thus providing safe and secure custodial services.
All traded shares / securities will be kept with Bank AL Habib Limited.
after completing this form, customer’s trading account will be opened by Brokerage House.
Broker will send Login ID and Password to customer through registered email address through which customer can execute online Purchase and sell transactions.
Customer will get Research Reports from Brokerage House after registration
Customer can also call Brokerage House on given numbers 021-32270804-08 and place order (buy / sell transaction) after necessary verification, and may seek guidance from the sales team at the Brokerage House.
There is no minimum balance requirement. However there is only one time account opening charge.
Those funds which are unutilized and are available in customer’s GEM linked account will be facilitated with saving basic rate, if it is opened alongside saving account.
Customer can directly call our call center 111-014-014 and after moving through the language interface dial 7 for GEM Module and GEM Call Center Agent.