Accounts and opening
Sections ↑At a glance01
Application choices and capital
| Item | Published terms and scope |
|---|---|
| Application | The homepage links digital opening; the investment page supplies a paper form.Source 2Source 4Source 6 |
| Types | The form covers individuals and companies, with resident/non-resident fields.Source 2Source 4Source 6 |
| Published entry amount | The investment page says PKR 25,000; its age and continued former-brand wording make a current written quote necessary.Source 2Source 4Source 6 |
| Non-resident qualification | The form requires any government/State Bank permissions applicable to foreign or overseas applicants; it does not guarantee universal acceptance.Source 2Source 4Source 6 |
At a glance02
Documentation and authority
| Item | Published terms and scope |
|---|---|
| Individuals | CNIC/passport, nominee identity where applicable, tax return and fee attachment.Source 6 |
| Companies | Constitution/incorporation, board resolution, authorised officers, signature cards and financial history.Source 6 |
| Representative | An authorised person requires documented identity and power of attorney where applicable.Source 6 |
| Bank details | The application records the customer’s bank account; direct-funding terms control margin payment.Source 6 |
Contracts and market exposure
Sections ↑At a glance03
Published futures and physical distinctions
| Item | Published terms and scope |
|---|---|
| Core marketing | Gold, silver and crude oil are emphasised on the investment page.Source 4Source 7Source 2 |
| Tariff scope | The linked sheet also lists currencies, indices, other metals, energy and agricultural contracts.Source 4Source 7Source 2 |
| Cash versus delivery | The sheet separates cash-settled contracts from physically deliverable tola/milli-tola gold and red chilli.Source 4Source 7Source 2 |
| DGCX references | Homepage DGCX market-watch links are not proof of an authorised DGCX client trading account.Source 4Source 7Source 2 |
Commissions and account charges
Sections ↑The fee sheet remains under legacy Arif Habib wording, with no reliable current effective date. Its header says commission includes 13% sales tax, while a note says an additional 13% applies. The values below are historical document figures only; the contradiction prevents a defensible current all-in price.[7]
At a glance04
Historical per-lot, per-side broker figures — PKR
| Item | Published terms and scope |
|---|---|
| Gold: 1 / 10 / 100 oz | 87.45 / 713.81 / 5,098.66Source 7 |
| Silver: 10 / 100 / 500 / 5,000 oz | 58.32 / 713.81 / 3,059.18 / 30,591.96Source 7 |
| WTI: 10 / 100 / 1,000 barrels | 102.06 / 1,019.73 / 10,197.32Source 7 |
| Brent: 10 / 100 / 1,000 barrels | 102.025 / 1,019.73 / 10,197.32Source 7 |
At a glance05
Historical financial and physical examples — PKR per side
| Item | Published terms and scope |
|---|---|
| Listed currency contracts | 1,019.73Source 7 |
| Nasdaq / S&P / Dow | 349.96 / 145.80 / 1,529.59Source 7 |
| Tola / milli-tola gold | 204.13 / 14.60Source 7 |
| Interpretation | Exchange charges are a separate column; old tax and fixed fee figures are not a current invoice.Source 7 |
At a glance06
Material tariff inconsistencies
| Item | Published terms and scope |
|---|---|
| Tax inclusion | Header and footnote disagree; no double-tax or tax-free calculation is inferred.Source 7Source 4 |
| Currency units | Several currency quotation/base labels are inconsistent; they are not reproduced as reliable contract specifications.Source 7Source 4 |
| Margin | Sheet says physical-delivery contracts require 100% margin, but its age prevents treating this as a current universal exchange rule.Source 7Source 4 |
| Financing claim | An interest-free option is advertised without a complete current eligibility/fee schedule; no independent Shariah certification is inferred.Source 7Source 4 |
Platforms, execution and margin
Sections ↑At a glance07
Instructions, authority and records
| Item | Published terms and scope |
|---|---|
| Instructions | The form provides verbal or written instruction choices; a nominated authorised person requires documented authority.Source 6 |
| Broker discretion | The broker may act on instructions but may not obtain discretionary trading authority or use the customer’s password.Source 6 |
| Order duration | Orders normally lapse at the end of the exchange day unless instructed otherwise.Source 6 |
| Confirmation disputes | Report trade-confirmation errors within one business day under the published form.Source 6 |
At a glance08
Account closure and delivery responsibilities
| Item | Published terms and scope |
|---|---|
| Normal closure | Mutual consent with at least one month’s written notice under the form.Source 6 |
| Settlement | Existing orders and settlement obligations continue through closure.Source 6 |
| Physical delivery | Applicable delivery positions require information, invoices and statutory charges; cash-settled contracts do not all become physical deliveries.Source 6 |
| Default | The broker may close out for nonpayment/breach and recover remaining amounts.Source 6 |
Deposits and withdrawals
Sections ↑At a glance09
Obsolete instructions versus direct funding
| Item | Published terms and scope |
|---|---|
| Legacy FAQ | Still names Arif Habib Commodities as payment beneficiary and describes credit to its account.Source 5Source 6Source 8Source 9 |
| Account form | Requires margin payment directly into PMEX-designated banking arrangements.Source 5Source 6Source 8Source 9 |
| 2019 notice | The company-hosted PMEX circular establishes direct exchange collection and withdrawals.Source 5Source 6Source 8Source 9 |
| 2022 migration | The later ADFM circular discontinued the old Meezan facility; neither the FAQ nor the old account number should be used as current deposit instructions.Source 5Source 6Source 8Source 9 |
At a glance10
Current-model controls and timing limits
| Item | Published terms and scope |
|---|---|
| Funding identity | Use the approved PMEX profile and own registered bank account.Source 9Source 5Source 8 |
| Automation | ADFM uses the customer’s 24-digit sub-collection account; cash and third-party deposits are prohibited.Source 9Source 5Source 8 |
| Withdrawal | The company’s old FAQ quotes 72 hours; this is not verified as today’s withdrawal SLA.Source 9Source 5Source 8 |
| Sequence | Account/profile approval and exchange validation are separate from the eventual bank transfer.Source 9Source 5Source 8 |
Client assets and trading risks
Sections ↑At a glance11
Margin, default and customer liability
| Item | Published terms and scope |
|---|---|
| Daily settlement | Open and closed positions are marked to the daily settlement price; losses can trigger additional cash margin.Source 6 |
| Unpaid margin | Failure to meet the exchange deadline can suspend trading or trigger close-out.Source 6 |
| Broker default | The form prohibits using customer money to cover the broker’s own liabilities and provides for transfer or close-out of positions.Source 6 |
| Customer shortfall | Unpaid amounts, close-out costs and losses remain the customer’s liability; automatic liquidation is not negative-balance insurance.Source 6 |
Support and disputes
Sections ↑At a glance12
Records and dispute route
| Item | Published terms and scope |
|---|---|
| Records | Retain the signed application, commission attachment, order instructions, confirmations and bank evidence.Source 6 |
| Ledger | The form provides monthly statements and statements on request; it requires rapid reporting of discrepancies.Source 6 |
| Dispute forum | Unresolved exchange-trading disputes are referred to arbitration under PMEX rules.Source 6 |
At a glance13
Published company contacts
| Item | Published terms and scope |
|---|---|
| Phone | +92 21 32460734 or 32461104; additional numbers appear on the contact page.Source 10Source 2 |
| [email protected], still published under the former branding.Source 10Source 2 | |
| Office | 60, Pakistan Stock Exchange Building, Stock Exchange Road, Karachi.Source 10Source 2 |
| Currency of details | Use the current homepage contact route to reconcile the legacy-branded page before sending sensitive documents.Source 10Source 2 |
Research and related services
Sections ↑At a glance14
Research and service claims
| Item | Published terms and scope |
|---|---|
| Research | The company describes commodity research and corporate advisory.Source 3Source 2Source 6 |
| Reports | The homepage offers a daily-report subscription.Source 3Source 2Source 6 |
| Trading responsibility | The account agreement makes the client responsible for decisions taken on supplied information and forbids broker discretionary authority.Source 3Source 2Source 6 |
Company and regulatory identity
Sections ↑At a glance15
Entity, market membership and dated registration
| Item | Published terms and scope |
|---|---|
| Contracting company | Rayaan Commodities (Private) LimitedSource 1 |
| PMEX TREC | 058Source 1 |
| SECP futures-broker registration | BRC-248; PMEX register marks the broker active at 16 October 2026Source 1 |
| Verification boundary | The dated exchange entry is independently indexed; full current register and any subsequent suspension or renewal could not be inspected.Source 1 |
At a glance16
Company history versus group history
| Item | Published terms and scope |
|---|---|
| Current company | Rayaan Commodities (Private) Limited, as named by PMEX.Source 3Source 1Source 10 |
| Former-brand material | The website retains extensive Arif Habib Commodities wording.Source 3Source 1Source 10 |
| 1973 date | The about page associates 1973 with the Arif Habib group; it is not used here as Rayaan’s incorporation date.Source 3Source 1Source 10 |
| Regulatory identity | PMEX’s October 16 indexed licensed-broker entry identifies BRC-248 and active status.Source 3Source 1Source 10 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Rayaan Commodities (Private) Limited
PakistanSource 1
No separate licence entry is recorded in this panel.
Important document qualifications
Sections ↑The legacy FAQ says no capital-gains withholding while the tariff refers to capital-gains tax. Neither claim is treated as current tax guidance. Updated payment instructions, signed commission/tax terms and product specifications are necessary because the site combines materially different document generations.[5][7][9]
Sources & further reading
- PMEX licensed-broker register — 16 October 2026 (indexed official entry) Pakistan Mercantile Exchange
- Rayaan website and current opening route Rayaan Commodities · Accessed 26 Oct 2026
- Company and group background Rayaan Commodities · Accessed 26 Oct 2026
- How to invest — published entry amount Rayaan Commodities · Accessed 26 Oct 2026
- Legacy FAQ with historical payment, tax and timing language Rayaan Commodities · Accessed 26 Oct 2026
- Commodity futures account agreement Rayaan Commodities · Accessed 26 Oct 2026
- Published legacy commodity commission sheet Rayaan Commodities · Accessed 26 Oct 2026
- PMEX direct-funds notification, April 30, 2019 — company-hosted Pakistan Mercantile Exchange, company-hosted copy · Accessed 26 Oct 2026
- PMEX ADFM migration circular, March 29, 2022 Pakistan Mercantile Exchange, Enrichers-hosted copy · Accessed 26 Oct 2026
- Company contact page retaining Arif Habib brand Rayaan Commodities · Accessed 26 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.