If you have determined all seven positions for yourself, you are ready to choose your own investment strategy. The range of choices is quite broad. Below are some common investment strategies:
- Defensive: Investments in deposits, highly liquid securities, and short-term Sukuk. Goal: maintain liquidity and obtain small current income with minimal risk.
- Conservative: Investments in government and corporate Sukuk with a small portion in high-dividend stocks. Some of the portfolio may be in highly liquid real estate for stable rental income (e.g., through a rental mutual fund). Investments in precious metals, such as through "metallic" accounts at a bank, can also be considered. Goal: achieve stable income with limited risk.
- Balanced: A portfolio of stocks, Sukuk, and real estate funds, positioned between defensive and aggressive strategies. The allocation between stocks and Sukuk can be fixed (e.g., 50:50) or vary over time.
- Aggressive: Investments in stocks for long-term growth, including real estate through developer and construction funds, Mudharbah and Musharakah ventures. Goal: maximize potential profit with higher risk.
How can these strategies be applied to manage three types of capital? For current capital, a defensive strategy is ideal since its primary task is high liquidity. Reserve capital aims for reliability while protecting investments from inflation, making a conservative strategy suitable. Finally, investment capital benefits from balanced and/or aggressive strategies. Depending on your goals and risk tolerance, you can choose a specific asset mix accordingly.