Arif Habib joins CDC’s RAAST

September 02, 2025 (MLN): The Central Depository Company of Pakistan (CDC) has onboarded Arif Habib Limited to its RAAST Aggregator Platform, marking a significant step toward secure and instant fund transfers for investors.

Supported by Catalyst IT Solutions, the integration strengthens CDC’s drive for digitalization, transparency, and operational efficiency in Pakistan’s capital market.

A signing ceremony was held at CDC House where CDC Chief Executive Officer Badiuddin Akber and Arif Habib Limited Chief Executive Officer Shahid Ali Habib formalized the agreement.

Through this system, CDC assigns each investor’s sub-account a unique RAAST Investment ID in the form of an IBAN. When added as a beneficiary in the investor’s bank, funds are transferred directly to the broker’s client account, settling within minutes and becoming available for trading almost instantly.

Speaking at the event, Badiuddin Akber said the integration represents a milestone in transforming investor fund movement by delivering speed, security, and responsiveness.

Shahid Ali Habib noted that the collaboration reflects Arif Habib Limited’s commitment to innovation and client convenience.

The Arif Habib team was also introduced to CDC’s Asaan Connect onboarding tool, designed to streamline KYC processes for capital market participants.

Both parties expressed interest in further collaborations to enhance investor facilitation and market accessibility.

The addition of Arif Habib Limited builds on CDC’s series of broker integrations that already include Muhammad Munir Muhammad Ahmed Khanani Securities, AKD Securities, Chase Securities, EClear Services Limited, Zahid Latif Khan Securities and Standard Capital Securities, with more expected to join in the near future.

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