What assets are my funds held in?

Sarwa Save holds your funds as cash in USD.

Sarwa Save (Halal) offering 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 invested across a diversified set of Sharia compliant money market instruments.

Expense Ratio: 0.5%

 

 

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