Sarwa Save+ invests your funds in a money market fund called Pictet Short Term Money MKT (USD)-P, which consists of short-term maturity bonds. These vehicles are very liquid and considered low-risk.
Ticker: Pictet Short Term Money MKT (USD)-P
Asset name: Pictet Short-Term Money Market Fund
Description: The fund aims to achieve a return on investment through investing in short-term maturity bonds.
Expense Ratio: 0.5%
Projected Rate of Return: 5.1% annually before fees
Sarwa Save Halal invests your funds in low-risk assets called money market funds which consist of cash and cash-equivalent securities. These vehicles are very liquid and low risk. The current fund used is Emirates Islamic MMF as detailed below:
Ticker: EMISMAA → 100% allocation
Asset name: Emirates Islamic MMF
Description: To generate returns that are more attractive than traditional Sharia-compliant bank deposits. The funds are invested across a diversified set of Sharia-compliant money market instruments.
Expense Ratio: 0.5%
Projection Rate of Return: 4.6% annually before fees