How can I find out more about the fees associated with specific investment products on the baraka platform?
Are there any penalties for closing my baraka account or transferring my funds to another investment platform?
Auto-income lets you generate passive income without having to sell your securities. You can now temporarily lend out your securities to other market participants and earn a monthly income, all while still receiving dividends and other benefits associated with your securities.
Here's how it works: You lend out your securities to a borrower, and in exchange, you receive interest. The borrower provides collateral to secure the loan, and once the lending period is over, the borrower returns the securities to you.
How to get started: Simply log in to your baraka account, enable the Auto-Income feature, and agree to the lending terms. You have the flexibility to opt-out of the program at any time, and your assets will be returned to you.