1. Safa Investment Services - Islamic Wealth & Asset Management S.A.
John A. Sandwick
Manager,
Safa Investment Services - Islamic Wealth & Asset Management S.A.

2. Sharia-compliant global asset allocation
Riyadh, Saudi Arabia
In technical cooperation with
Islamic Wealth & Asset Management S.A.
Geneva, Switzerland
April 2013

3. About Safa Investment Services
The Investor for Securities Co. (“The Investor”), founded 2007, licensed by Saudi Capital Market Authority
SAR 7 billion AUM (about CHF 1.8 billion), mostly local real estate funds
Over 800 domestic Saudi clients
Leading Saudi investment company, over 40 staff, Riyadh based
Just bought position in Islamic Wealth & Asset Management S.A.
IWAMSA owns the Safa brand, franchised to The Investor
The Investor expanding into liquid asset management, Safa Investment Services
Target market is awqaf (Islamic endowments), takaful (Islamic insurance), private clients
Large potential market
Entirely sharia compliant, bottom-up fatwa

4. Islamic asset management
Same professional rules as conventional asset management industry
Strict filtering, sorting and qualification of all assets
Only “best of class” assets allowed
Asset allocations fully optimized using advanced asset allocation software
Superior results from professional asset management

5. The Islamic investment universe
There are more than 800 sharia-compliant funds and ETFs in the world today with over $100 billion Assets Under Management (AUM).
Must filter & sort these >800 funds and ETFs, then means-variance test to create a proprietary Buy List:
More than $50 million AUM
More than 2-year track record
Less than 30-day liquidity
Acceptable legal jurisdiction
Transparent, timely reporting
Direct access to managers
Fatwa from one or more of the major sharia scholars
Qualifying Islamic sub-universe has over
$50 billion Assets Under Management.
SHARIA-COMPLIANT FUND BUY LIST
Asset Class
Count
AUM
Money Market 17
$4.7 billion
Sukuk 60
$2.4 billion
Trade Finance 15
$9.6 billion
Equities
209
$14.3 billion
Precious Metals 12
$18.2 billion
Real Estate 9
$2.5 billion
Special Strategy 59
$1.3 billion
Total
381
$53.1 billion
Construct portfolio allocations among the
“best of class” funds on a proprietary Buy List.

6. Asset allocation, hypothetical Balanced strategy
ASSET CLASS
% OF TOTAL
Murabaha & trade finance 5%
Sukuk & trade finance
45%
Global equities
35%
Alternative Investments
15%
1. Above is identical to conventional, but entirely sharia-compliant Balanced allocation
Muslims require performance equal or superior to conventional allocations, but with full respect for sharia
All investible assets must be from professional Buy List
Allocations must meet global professional asset management standards, but also strict sharia standards

7. Historic performance Balanced Islamic Portfolio USD 4.39% 24.42% 0.81%
Performance measured 1/1/08 to 31/1/13
Portfolio Performance
vs. 50% ML Bonds/50% MSCI Equities
USD global balanced investing comparables
Annualized Return
Cumulative Return
Annualized Excess Return
Cumulative Excess Return
Balanced Islamic Portfolio USD
4.39%
24.42%
0.81%
4.82%
Julius Baer Strategy Balanced USD B
0.63%
3.22%
-2.96%
-16.37%
BlackRock Global Allocation A2 USD
0.86%
4.43%
-2.73%
-15.17%
Credit Suisse Portfolio Fund Balanced USD B
0.49%
2.54%
-3.09%
-17.06%

8. Risk & return Balanced Islamic Portfolio USD 7.03% 0.56
Risk & return variables measured 1/1/08 to 31/1/13
Standard Deviation
Sharpe Ratio
Balanced Islamic Portfolio USD
7.03%
0.56
Julius Baer Strategy Balanced USD B
9.18%
0.02
BlackRock Global Allocation A2 USD
11.84%
0.04
Credit Suisse Portfolio Fund Balanced USD B
11.49%
0.00
50% Merrill Lynch Global Bonds/50% MSCI Global Equities
12.18%
0.26

9. Max. Drawdown Begin Date Max Drawdown Recovery Length
Drawdown measured 1/1/08 to 31/1/13
Max. Drawdown
Max. Drawdown Begin Date
Max Drawdown Recovery Length
Pain Index
Gain-to-Loss Ratio
Balanced Islamic Portfolio USD
-16.29%
May-08 16
3.56%
0.99
Julius Baer Strategy Balanced USD B
-26.19%
Jan-08 26
7.62%
0.87
BlackRock Global Allocation A2 USD
-27.10%
Jun-08 23
8.46%
0.77
Credit Suisse Portfolio Fund Balanced USD B
-28.27% 24
8.84%
0.91
50% Merrill Lynch Global Bonds/50% MSCI Global Equities
-29.04% 19
5.90%

10. Return distribution Balanced Islamic Portfolio USD 1.63 0.98% 0.60%
Measured 1/1/08 to 31/1/13
Omega
MAR = 0%
Upside Omega
Downside Omega
Zephyr-K Ratio
Balanced Islamic Portfolio USD
1.63
0.98%
0.60%
13.4
Julius Baer Strategy Balanced USD B
1.09
1.02%
0.93%
5.30
BlackRock Global Allocation A2 USD
1.1
1.39%
1.26%
5.08
Credit Suisse Portfolio Fund Balanced USD B
1.08
1.33%
1.23%
4.27
50% Merrill Lynch Global Bonds/50% MSCI Global Equities
1.31
1.52%
1.16%
8.59

11. Omega

12. Balanced Islamic Portfolio USD
Periodic returns
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Total
Balanced Islamic Portfolio USD
2013
0.87% -
2012
4.07%
1.67%
0.34%
-0.55%
-3.10%
0.84%
0.61%
1.38%
1.47%
-0.84%
-0.21%
0.65%
6.34%
2011
0.01%
0.19%
2.18%
2.33%
-0.64%
-0.32%
0.36%
-1.66%
-3.56%
3.09%
-1.34%
0.91%
1.36%
2010
0.33%
1.17%
3.17%
1.22%
-3.52%
1.58%
0.71%
1.42%
3.03%
0.90%
-0.18%
3.39%
13.84%
2009
-1.12%
-1.21%
1.54%
2.71%
3.33%
0.67%
0.88%
0.70%
2.05%
1.84%
1.52%
13.24%
2008
-0.02%
1.91%
-0.87%
2.27%
-0.83%
-0.80%
-0.68%
-3.24%
-4.40%
-6.71%
-0.71%
2.65%
-11.23%

13. Contacts For more information, Saudi Arabia: Safa Investment Services
Safa Investment Services
The Investor for Securities
Aljomaiah Towers, King Fahd Road
P.O. Box 67838
Riyadh 11517, Saudi Arabia
Telephone: (1) x 182
For more information, Switzerland:
Islamic Wealth & Asset Management S.A.
1204 Geneva
Switzerland
Telephone: +41 (79)