Safa Investment Services

Safa Investment Services is the world’s first independent Islamic wealth and asset management brand. No other bank or investment company anywhere insures the independent selection of sharia-compliant assets into the accounts of its customers, resulting in efficient asset allocations into portfolios comprising "best of class" global securities.

We assembled a professional team to serve clients in Geneva, Switzerland. Safa services are offered for institutional and individual clients.

The Safa team is fully supported by professional compliance, information technology, legal and accounting staff.


John A. Sandwick
General Manager
Safa Investment Services S.A.
Geneva, Switzerland
Mr. Sandwick is an innovator in Islamic banking, creating the first structures for a sukuk fund, sukuk participation note, Saudi REIT, and European corporate sukuk. He also created the first global Islamic portfolio management allocations and professional-use Islamic mutual fund databases.

Mr. Sandwick did his undergraduate studies at Georgetown and has a Master’s in Development Banking from American University. He was a director at the Middle East Policy Council, and later served at Deutsche Bank (Suisse) S.A. and Banque Leu S.A. (Credit Suisse). He was then managing director of Encore Management S.A.  Mr. Sandwick is presently pursuing his Doctorate in Islamic Asset Management at the Grenoble Ecole de Management, one of the top-ranked business schools in Europe.

Mr. Sandwick is frequently published in Arab and western media and speaks at numerous conferences. He teaches Master Classes on Islamic wealth and asset management, and lectures frequently on Islamic asset management for corporate groups and universities, including the University of Paris-Dauphine graduate school of finance.

Mr. Sandwick was born in California, but his family lived in Bangladesh, Columbia, Abu Dhabi, London, Bahrain, Kuwait and Saudi Arabia. Since 1993 he has lived in Geneva, Switzerland.

Bernard Caralp 1
Dr. Bernard Caralp
Chairman, Safa Investment Committee.
Dr. Caralp is currently a consultant to several HNWI families on global asset allocation.  Until February 2018 he was Chief Investment Officer and Head of Asset Management at SEDCO Capital in Jeddah, Saudi Arabia.  Previously he was Chief Economist and Head of Strategy at Dexia Asset Management. He has a PhD in Quantitative Economy.  Dr. Caralp is a pioneer in Islamic asset management, perhaps the first ever to produce ground-up sharia-compliant asset allocations.

Ammar Bajsair
Safa Investment Services S.A.
Jeddah, Saudi Arabia
Mr. Bajsair is a Certified Financial Planner (CFP) with 15 years experience in management of private & institutional clients with Riyad Bank, NCB Capital and Alkhabeer Capital. Extensive knowledge of wealth and asset management in Saudi Arabia. He has a Bachelor degree in business, Business School Lausanne.

Raafat O. Wakid
Market & Investment Advisor
Safa Investment Services S.A.
Jeddah, Saudi Arabia
Mr. Wakid, a native of Medina,  supports Safa's activities in Saudi Arabia and the Gulf on an advisory basis.  He is also actively involved in the processing of data and performing due diligence that establishes the Safa Buy List.  Mr. Wakid is in the last stages of obtaining his Master's in Islamic Finance from Geneva Business School, and has a Bachelor's in MIS from the College of Business Administration in Jeddah, Saudi Arabia.  He was formerly an MIS specialist at National Commercial Bank in Jeddah, Saudi Arabia.

Said Abdallah 2
Said Abdallah, CFA, CAIA
Member, Safa Investment Committee
Chief Investment Banking Officer, Adeem Capital
Riyadh, Saudi Arabia
Mr. Abdallah is Chief Investment Banking Officer at Adeem Capital in Riyadh. He was previously CEO of Emirates NBD Capital KSA and held senior positions at several Asset Management companies.  Mr. Abdullah is a CFA Charterholder, CAIA is Charterholder and holds a Master's degree in Economics from the American University of Beirut.

Fares Mourad
Member, Safa Investment Committee
Mr. Mourad is the Chairman & CEO of Peak Values Ltd., Zurich. With more than 30 years’ experience in investments, Mr. Mourad is a pioneer in Islamic finance, having previously developed sharia-compliant investment solutions at Bank Sarasin (Managing Director and Head of Islamic Finance), Credit Suisse (Global Head, Islamic Investments) and UBS (Director). Also previously on of Arab Bank Ltd. Supervisory Board, Frankfurt. 


Board of Directors


Salman Abdullah Bin Saedan
Chairman of the Board
Chairman, Salman Abdullah Bin Saedan Group
Riyadh, Saudi Arabia

Salman bin Abdullah Bin Saedan is one of the leading home builders in Saudi Arabia. He is Chairman of the Salman Abdullah Bin Saedan Real Estate Group (SABS Group), a company he founded along with members of his family in 2006. Allied with the greater Bin Saedan enterprises—which comprise together one of the largest real estate family business in Saudi Arabia—SABS Group has developed over 1,000 residential housing units (villas and apartments) with a market value of over SAR 1.7 billion ($453 million).

SABS Group mobilizes over 500 specialists in numerous related professions to deliver high-quality homes throughout Saudi Arabia. Among the Group’s signature achievements is launching the nation’s first real estate mutual fund in 2008, authorized by the Saudi Capital Market Authority. Subsequently the Group launched a total of seven such funds—more than any other real estate developer or capital company—with a total value of SAR 1.05 billion ($280 million).

In addition to its core development business, the Group also conducts land auctions for property owners, and since 2013 has achieved more than SAR 1 billion ($267 million) in auction sales.

Salman Bin Saedan graduated from Rollins College, Florida, with a Bachelor’s of Science in Mathematics and Information Technology. He is the oldest son of the late Abdullah Bin Saedan, and grandson of the late Mohammed Bin Saedan, founder in 1934 of the Bin Saedan real estate group. In addition to serving as Chairman of SABS Group, Mr. Bin Saedan is also President of the Saudi Physical Education & Sport for All Federation, a non-profit public health organization. He is married with four children.

Saleh Al Sayari
Dr. Saleh Abdullah Al Sayari
Member of the Board
Managing Director, CEO and Chairman of Executive Committee, Maalem Financing Co. 
Riyadh, Saudi Arabia
Dr. Al Sayari is the founder, CEO and Member of the Board of Maalem Financing Company, an SME financing company in Riyadh.  He is also the founder and shareholder of Awbar Real Estate Company, and a partner of Ajyal Alrowad Education Company.  Dr. Saleh has a Ph.D. in Industrial Chemical Engineering and a Master's degree in Business Administration.





Dieter K. Schulz
Member of the Board
Safa Investment Services S.A.
Geneva, Switzerland
Mr. Schulz, a longtime resident of Switzerland, earned his Bachelor’s degree in the United States before embarking on a professional international career with leading multinational corporations.  From 1968 he served successively in senior market management positions for Procter & Gamble International, RJ Reynolds International S.A. and Mattel International Inc.  In 1990 he founded and is currently Managing Director of PhoneWorld LLC, a leading business telecommunications company in Switzerland.