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serj
05-24-2013, 01:40 AM
I just opened an account with broker and I am looking to buy some bank stocks.

My top 5 picks
BBOB - Bank of Baghdad
BIME - Iraqi Middle East Investment Bank
BNOR - North Bank
BDSI - Dar Essalam Investment Bank
BKUI - Kurdistan International Bank
(other banks that I am considering investing in are: BUND, BIBI, BBAY, BGUC, BMNS, BSUC, BASH and BCOI)

My question
BBOB is making new 3 month highs, is it worth waiting for it to drop and then buy (that's if it will drop) or just buying it a current price? It went up from 1.80 to 2.07.

Just asking for personal opinion/experience.

Thanks

Kickabuck
05-24-2013, 01:56 AM
Dump BDSI from the list and add Credit Bank based on the merit they may become a gateway to the ISX for foreign investors. The other 4 are top notch. Look closely at Gulf, Union, & Economy. BMFI has potential, it's worthy of a small play. Welcome aboard.

ISX Junkie using Aljazera
05-24-2013, 02:33 AM
Hello Serj. I own All the private banks. I am Heavier in the top banks you listed above. Buy BBOB when you get the chance. Price will be much higher years from now. I haven't sold one of my 51 stocks since i got into this investment. My strategy is to buy 1,000,000 shares of any company regardless of share price and Hold. I own companies in industry, insurance, investment, hotels, agriculture, service and Telcomm sectors. Take a look at iraqi for seed production (AISP). Price doubled since I bought more than million shares of it. It is giving out a 50% dividend and more free shares!! I am racking up free shares and dividends like crazy this year!!!!! I think the real gems will come from some of these overlooked stocks in insurance and even investment!! Good luck to ya :D

serj
05-24-2013, 05:13 AM
Thanks guys for the tips. I only have couple millions of IQD to invest now, but hopefully will add some more over time.

Will-it-happen?
05-24-2013, 01:27 PM
Hello Serj. I own All the private banks. I am Heavier in the top banks you listed above. Buy BBOB when you get the chance. Price will be much higher years from now. I haven't sold one of my 51 stocks since i got into this investment. My strategy is to buy 1,000,000 shares of any company regardless of share price and Hold. I own companies in industry, insurance, investment, hotels, agriculture, service and Telcomm sectors. Take a look at iraqi for seed production (AISP). Price doubled since I bought more than million shares of it. It is giving out a 50% dividend and more free shares!! I am racking up free shares and dividends like crazy this year!!!!! I think the real gems will come from some of these overlooked stocks in insurance and even investment!! Good luck to ya :D

u reckon BROI trumps BDSI ?

I bought BDSI at 6.75 now look at them, wonder what HSBC will do with this investment

also any news when other banks will get custodian services ?

wonder if maybe i should just cut my loses on BDSI and go into BROI ?!?! hmmmmmm

serj
05-24-2013, 05:06 PM
u reckon BROI trumps BDSI ?

I bought BDSI at 6.75 now look at them, wonder what HSBC will do with this investment



That's why I was thinking of buying BDSI. It went down from 3.5 to 2.8, but who knows how low it will go.

ISX Junkie using Aljazera
05-24-2013, 05:44 PM
u reckon BROI trumps BDSI ?

I bought BDSI at 6.75 now look at them, wonder what HSBC will do with this investment

also any news when other banks will get custodian services ?

wonder if maybe i should just cut my loses on BDSI and go into BROI ?!?! hmmmmmm

I think the majority of us here have taken a loss with BDSI. I am still going to hold. No point in selling now after it has lost more than half it's value. I will wait for price to go back up or wait till the stock tanks. I knew there would be risk in this market. Yes I would definitely get into BROI. I bought shares of this stock 3 years ago and am up in all my purchases. Bank gives out free shares as well.

Will-it-happen?
05-25-2013, 08:49 PM
I think the majority of us here have taken a loss with BDSI. I am still going to hold. No point in selling now after it has lost more than half it's value. I will wait for price to go back up or wait till the stock tanks. I knew there would be risk in this market. Yes I would definitely get into BROI. I bought shares of this stock 3 years ago and am up in all my purchases. Bank gives out free shares as well.

OK so I gonna hang on, any news on HSBC's review into Iraq ?

Will-it-happen?
05-28-2013, 04:00 PM
man, down even more today

HumbleGenius
05-28-2013, 04:50 PM
I just opened an account with broker and I am looking to buy some bank stocks.

My top 5 picks
BBOB - Bank of Baghdad
BIME - Iraqi Middle East Investment Bank
BNOR - North Bank
BDSI - Dar Essalam Investment Bank
BKUI - Kurdistan International Bank
(other banks that I am considering investing in are: BUND, BIBI, BBAY, BGUC, BMNS, BSUC, BASH and BCOI)

My question
BBOB is making new 3 month highs, is it worth waiting for it to drop and then buy (that's if it will drop) or just buying it a current price? It went up from 1.80 to 2.07.

Just asking for personal opinion/experience.

Thanks

I am selling my Kurdistan Bank holdings. Regardless of potential. I recently became aware this was a 'Muslim' bank structure and not a standard bank structure. When I got into this investment it was two fold. One to make money and one to assist a 3rd world culture in becoming a civilized culture. While I understand that not all Muslims support the terror that is going on in the world on behalf of their religion not enough are standing up in protest. Their silence supports the outcome which is terrorism. I consider investment in this bank to be, albeit indirectly, potential blood money I will not provide. Let me categorically state I have no reason to believe or know of any wrong doings in this regard with KDUI however owning shares in this structure bank may validate those other banks of the same structure that may not be as clean as KDUI (once again no evicence either way.)

All IMHGO. Simply a symbolic move on my part that will mean nothing in the big picture however a position I personally need to take to support my beliefs.

serj
05-30-2013, 02:01 AM
What is the difference between 'Muslim' bank structure and standard bank structure?
Thanks

Dinar_OS
05-30-2013, 02:13 PM
http://www.pakwatan.com/articles/Constraints-of-Islamic-Banking.php

Constraints of Islamic Banking

HumbleGenius
05-30-2013, 03:23 PM
What is the difference between 'Muslim' bank structure and standard bank structure?
Thanks

Islamic banking (Arabic (http://www.investorsiraq.com/wiki/Arabic_language): المصرفية الإسلامية‎) is banking (http://www.investorsiraq.com/wiki/Banking) or banking activity that is consistent with the principles of sharia (http://www.investorsiraq.com/wiki/Sharia) and its practical application through the development of Islamic economics (http://www.investorsiraq.com/wiki/Islamic_economics). Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees (known as riba (http://www.investorsiraq.com/wiki/Riba), or usury (http://www.investorsiraq.com/wiki/Usury)) for loans of money. Investing in businesses that provide goods or services considered contrary to Islamic principles is also haraam (http://www.investorsiraq.com/wiki/Haraam) ("sinful and prohibited"). Although these principles (http://www.investorsiraq.com/wiki/Value_(personal_and_cultural)) have been applied in varying degrees by historical Islamic economies due to lack of Islamic practice, only in the late 20th century were a number of Islamic banks formed to apply these principles to private (http://www.investorsiraq.com/wiki/Private_bank) or semi-private commercial (http://www.investorsiraq.com/wiki/Commercial_bank) institutions within the Muslim community.[1] (http://www.investorsiraq.com/forums/#cite_note-1)[2] (http://www.investorsiraq.com/forums/#cite_note-2)