Custodian Services is the custody and safekeeping off someone else's assets. These assets may be cash, securities, or virtually anything of value. Sanabel Financial Securities maintains electronic records of financial assets or has physical possession of specific securities. This reduces the risk of the client losing his/her assets or having them stolen.
They are also available to the brokerage to sell or renew Sukuk certificates at the client's demand as well as submitting periodic status reports to the customers.
Like a bank, a custodian provides an investor a place to store assets with little risk. Brokerages normally require a fee for custodian services however Sanabel Financial Securities charges are free.