|
Account |
Processing |
Cash Settling |
Completed*** |
|
Sarwa Invest |
Your funds are being liquidated. This requires 1-2 business days* | Your funds have been liquidated and will need to settle for 2 business days. | The funds have been successfully sent out from our bank to yours. |
|
Sarwa Save |
The funds are being liquidated**. This process requires 1-2 business days. | - | The funds have been successfully sent out from our bank to yours. |
|
Sarwa Trade |
The funds are en route from the broker (Alpaca) to our bank. They should reach in 2 business days. | - | The funds have been successfully sent out from our bank to yours. |
* Halal portfolios require a longer period of time to be liquidated due to the inclusion of the mutual fund Sukuk.
Please also note that the withdrawal request may be made after certain cut-off times, this is why an additional day may be required.
** Sarwa Save+ and Sarwa Save Halal accounts require liquidation as the funds are invested. It will require 1-2 business days for the fund to be liquidated.
***Completed signifies that Sarwa has instructed its bank to transfer funds to your desired bank account. Local transfers usually require 0-2 business days to reach your bank account.
International transfers require a longer period of time to reach your bank account.