Sahulat Account

All resident Pakistani individual customers can open a Sahulat Account in a single capacity.

Yes, it can be!

The maximum investment amount that can be maintained in a Sahulat Account is PKR 1,000,000.

Sahulat Account holder can only trade in Regular market. Trading in leverage and futures markets is not permitted for a Sahulat Account holder.

Computerized/Smart National Identity Card (CNIC/SNIC may be used as a proof of identity for opening of Sahulat Account), IBAN/bank proof, registered mobile number, and your mother's name—no income proof is required.

No additional document is required from customer for establishing his /her source of income where customer is identified as a low-risk customer.

In case of minor accounts, the security broker shall obtain photocopy of Form-B, Birth Certificate or Student ID card (as appropriate) from the minor. In addition, photocopy of identity document of the guardian shall be obtained.

No, Joint accounts are not allowed for Sahulat Account.

No, it cannot be done. Neither with the same broker nor with another.

Any person that already has a normal trading account with a Securities Broker cannot open a Sahulat Account with any Securities Broker. Further, an existing normal trading account cannot be converted into a Sahulat Account. The existing system has checks in place to restrict any securities broker from opening Sahulat Account of a customer who already has a normal trading account.

No, it is not permissible to allow transactions beyond the specified limits in a customer’s Sahulat Account.