Frequently Asked Questions
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What is the trading commission in the Zad app?
The commission for buy and sell transactions is $3 or 0.0015, whichever is higher.
Can I purchase a fraction of a stock?
Yes, through Zad app, you can purchase a fraction of a stock or a whole stock.
Why can't I sell shares?
You must have a minimum of $3 of cash in your account to cover trading commissions.
What if I purchased a company's stock, and shortly after, the company stopped complying with Islamic Sharia law?
In this case, you won't be able to purchase additional shares or trade it, but you will still have the option to sell the stock.
How can I use and create a stock basket?
Enter the platform, go to the 'Stock Basket' section, and click on the '+' icon to create your new basket. Choose the stocks and percentages you want.
What are the trading hours outside regular market hours?
Update the app to enable pre-market, after-hours, and overnight trading features. The trading sessions are as follows:
• Pre-market: 11:00 AM – 4:30 PM
• After-hours: 11:00 PM – 3:00 AM
• Overnight trading: 3:00 AM – 11:00 AM
You can use limit buy or sell orders, which allow you to specify the price you want, and the order will only be executed if there is enough liquidity in the market at that price.
• Pre-market: 11:00 AM – 4:30 PM
• After-hours: 11:00 PM – 3:00 AM
• Overnight trading: 3:00 AM – 11:00 AM
You can use limit buy or sell orders, which allow you to specify the price you want, and the order will only be executed if there is enough liquidity in the market at that price.
Are all stocks available for overnight trading?
Not all stocks are available during overnight trading, as some companies do not support trading within these hours.
Are all order types available during overnight trading?
Only limit orders are available during overnight trading and orders are executed based on supply and demand during this time.
What does “Overnight Trading Halt” mean?
It means that a company’s overnight trading has been temporarily suspended due to news announcements or legal reasons.
Is there a delay in prices during overnight trading?
Yes, there may be a slight delay in prices for a few seconds due to limited market activity during overnight trading hours.
How can I trade without restrictions?
You can trade without restrictions if your account has $25,000 or more in cash or securities.
Are the stocks registered in the client's name?
Yes, all stocks listed in the ZAD app are registered under the client's name, and an official ownership certificate is issued.
What is the Robo Zad service fee? Is it calculated annually or monthly?
- The Robo Zad service charges a 1% annual fee on total portfolio value.
- The fee is deducted monthly at a rate of 0.08333% for each active month.
Does the platform offer investment advice or recommendations?
No, the platform does not provide any form of investment advice or recommendations.
Can I use the app outside of Kuwait?
Yes, the app can be used internationally, provided you comply with local laws and regulations in the country you reside in.
What is ETF (Exchange-Traded Fund)?
An ETF is an investment fund that holds a diversified basket of assets. It allows investors to invest in multiple sectors through a single instrument (SPWO, IAU, IAUM, SGOL, SLU, UMMA, SPUS, SPSK, SPRE, HLAL, SPTE).
What taxes are imposed by the U.S. government?
Please be advised that investment accounts in the U.S. market are subject to the following taxes:
- Dividend distributions are subject to a 30% tax.
- Estate tax of 40% applies to amounts exceeding USD 60,000.
How can I schedule a personal appointment?
You can book an appointment through the following link:
Appointment Booking Link
Appointment Booking Link
Joinzad utilizes TradingView technology, a popular charting platform for traders and investors. It offers advanced charting tools and access to the economic calendar, enabling users to learn how to use the economic calendar and plan trades.