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
I. Excluded Costs
The following fees are excluded from the service fee and are charged to the client where applicable.
1. Transfer Fees
2. Other Fees
*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.
3. Regulatory Trading Fees
a. Trading Activity Fee
*The transaction fees are rounded up to the nearest penny.
*Max of $8.30
b. FINRA CAT Fees
The CAT fee is calculated based on transaction volume and applies to both equity and options trading activities. For options, the fee is typically assessed per executed equivalent share. Since one listed option contract generally represents 100 shares, the CAT fee for options is calculated accordingly.
The CAT Fee rate is based on executed equivalent shares. Current Fee structure is:
Fee calculation is based on: Fee * Executed Equivalent shares = CAT Fee
Effective June 1, 2026, the rate above 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 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.
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: July 1, 2026 (Transfer Fees revised per Alpaca pricing update; FINRA CAT Fee rate above revised effective June 1, 2026)