Why you need to grow your money?
Although budgeting and saving your money will help you to build personal wealth in the short-term, you will need to invest your money to help meet your long-term goals – which are more expensive – such as paying for your child's education or your retirement.
What you are investing for and when you are going to want your money will determine how you will invest.
For example, saving to buy a car in two years' time requires a completely different investment strategy than saving for retirement in 20 years. To save for a car you would invest in a savings account, but to save for your retirement you may be better off investing in shares or property or mutual fund and Sukuk.
Where can you grow your money?
Capital protected notes*
Work with a qualified investment advisor to judge how much risk you are prepared to take with your money. The more money you are likely to make, the higher will be your risk. You need to select a strategy that is right for you: do you risk investing* all your money in one place to make more money, or do you take the safer option of placing smaller amounts in a variety of investments?
*Mutual funds invest cash of many investors in a fund. Mutual funds stand ready to sell and redeem their share.
*Capital protected notes: An option in some products that usually protects a part or all of the investor's initial capital.
*Investment Risk: The chance that an investment's actual return will be different than expected. Risk includes the possibility of losing some or all of the original investment.