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10:00
01 january 2014
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Family, inheritance and judicial Transfers

Details
Transferring securities from an investor account to another account, is exercised in the case of a family relationship to the second degree. In regards to an inheritance transfer, the stocks of the deceased person is to be transferred to the heirs' account, or distributed among heirs according to the official documents provided.

For more information on this service, please contact:
DFM Customer Services
T: +971 4 305 5555
E: customerservice@dfm.ae

Fees
  • 0.002 of the stocks' market value, with a minimum of AED 25 (No. of stocks * market value * percentage)
  • 0.0002 for bonds and instruments with a minimum of AED 25 (No. of units*unit price / 100 * market value * percentage)
  • Mode of Payment:  (cash deposits through banks are not accepted)
  1. Online Payment through DFM eServices 
  2. Cash or Cheque addressed to Dubai Financial Market.
  3. Payment through Visa card machine at DFM.
  4. Wire Transfer: (Please provide us with the Swift Message):
  • Beneficiary Name: Dubai Financial Market
  • Beneficiary Address: P.O.BOX 9700 - Dubai,United Arab Emirates
  • Account Number: 0412063720929
  • Bank Name: Emirates NBD
  • Branch Name: Main  
  • Swift Code: EBILAEAD
  • IBAN: AE370260000412063720929

Procedures
  1. Complete the Transfers Request Form.
  2. Submit the form with the required documents to the Client Affairs Department
  3. A Receipt will be issued and submitted to the investor for the transfer of shares

Required Documents
  1. Transfers Request Form completed
  2. Original copy of a valid Passport
  3. Original copy of National ID (for UAE Nationals & Residents)
  4. Copy of any other document if required (e.g. Power of Attorney, Marriage Certificate)
  5. Original copy of the Death Certificate, original copy of the Legal Declaration and/or Inheritance Limitation, duly certified
  6. Judicial Order Letter to transfer the securities

Note: Inheritance transfers or any other documents issued outside of the UAE must be authenticated by the UAE embassy in those countries or the Ministry of Foreign Affairs in the UAE. 

How to Apply?
Online through DFM eServices or in person at the DFM Client Affairs Department, Trading Floor, World Trade Centre, Dubai

FAQs

Transferring shares between accounts of two different investors are permitted only if there is a 2nd degree kinship between the transferor and transferee.

Special Deals off the market are also permitted provided the value of shares of the deal is AED10,000,000 million and above.