Musaffa Global Halal Investing Platform Service Excluded Fee Schedule

At Musaffa, our mission is to provide services at the lowest possible cost. While many of our core services are designed to be affordable, some additional services come with direct costs that we cannot fully cover. In those cases, the services are not free, but we work hard to make them as inexpensive as possible so our customers still benefit from low prices while we continue to offer those services sustainably.

The fees itemized in this Excluded Fee Schedule reflect amounts charged by Alpaca Securities LLC, third-party broker-dealer, which provides custody, clearing, and settlement services, in connection with your account. Musaffa passes these fees through to clients at cost, except where it expressly states that Musaffa absorbs the fee in full.

Excluded Costs

The following fees are excluded from the service fee and are charged to the client where applicable.

Section 1 – Fees Applicable to Self-Directed Accounts Only

Position Transfer Fees

Type	Fee
DWAC (Outgoing)	$150 per security
DWAC (Incoming)	$150 per security
DWAC Reject	$100 per reject
DRS (Outgoing)	$100 per security
DRS (Incoming)	$100 per security
DRS Reject	$150 per reject

Section 2 – Fees Applicable to Both Self-Directed and Managed Portfolio Accounts

Transfer Fees

Type	Fee
ACH Return Fee	$25 / Transaction
Domestic (US) Wire Transfers (Outbound)	$15 / Transaction
International Wire Transfers (Outbound)	$35 / Transaction
ACATS Transfers (Outbound) - US	$25 / Full or Partial ACAT
ACATS Transfers (Inbound)	$0
Internal Transfer	$0
DTC Transfer (Outgoing)	$5 per security per submission
DTC Transfer (Incoming)	$0

Other Fees

Service	Amount
Voluntary Corporate Action (VCA)* Processing	$100 / Transaction per Account*
ADR Fees	Variable (typically $0.01 – $0.05 per share)
Third Party Fees charged by Broker Dealer	Variable
FX Fee	1% of Notional Amount
Swift Withdrawal Fees (Funding Wallets)	$35 per transaction
Local Withdrawal / Payouts	Varies by FX ($1 - $6 per withdrawal)
Account Offboarding Fee (failure to offboard upon account closure, per Alpaca Customer Agreement Section 48(g))	$10 per quarter

*VCA processing may be paid by the partner on behalf of the customer electing to participate in the action, or passed on to the shareholder.

Section 3 - Regulatory Trading Fees

Regulatory Trading Fees

Service	Fee
Securities and Exchange Commission (SEC) fee (sells only) for both equities and options	$0.0000206 × trade value ($20.60 per $1,000,000)
FINRA Trading Activity Fee (TAF) (sells only)*	$0.000195 per share (*max of $9.79 per trade, capped at 50,205 shares or more; rounded up to the nearest penny)

FINRA Consolidated Audit Trail (CAT) Fees

The CAT fee applies to both buys and sells and is calculated as Fee × executed equivalent shares. Effective June 1, 2026, the rate reflects two FINRA components: CAT Fee 2026-1 ($0.000001 per share) plus the Historical CAT Assessment 1A ($0.000002 per share), together totaling $0.000003 per share. Fees are calculated on the exact executed share quantity (including fractional shares), aggregated daily on a per-account basis, and the aggregated total is rounded up to the nearest cent.

Equities (NMS)	$0.000003 per share (1:1 ratio)
Equities (OTC)	$0.000003 per share (1:0.01 ratio)

Musaffa absorbs these Regulatory Trading Fees and FINRA Consolidated Audit Trail (CAT) Fees assessed by Alpaca Securities LLC on eligible trades. These regulatory trading fees are not charged to Musaffa’s client accounts.

Disclaimer

This content is for informational purposes only and may be updated at any time in accordance with applicable laws and regulations. Additional charges not listed here, including but not limited to regulatory, exchange, governmental, or third-party service provider fees, may apply and will be passed through at cost. Musaffa is not a broker-dealer, and all trading activity is facilitated through our partner broker-dealer, which may impose its own charges. Musaffa may vary rates or fees in connection with promotions, account balances, or other factors. By maintaining an account or using our services, you agree that you are responsible for all applicable fees and expenses, whether or not specifically identified in this Fee Schedule.

Effective Date: August 7, 2026