Introducing the Wahed S&P Halal Index Equities

We want to share with you some exciting news about our platform! Wahed started by revolutionizing the industry with the first ever halal digital investment advisor and today we are proud to announce the launch of our very own, and the first in North America, halal index funds – the Wahed S&P Shariah Equities and the Wahed S&P Dividend Growth Equities.

We sat with Samim Abedi, Wahed’s Global Head of Portfolios, to discuss these products.

What is the  S&P 500 Shariah index equities?

The S&P 500 Shariah index equities is an investment solution exclusively for Wahed clients, which allows investors to get exposure to a diversified portfolio of hundreds of stocks across sectors, such as technology, consumer products, healthcare, for a fraction of the fee of a comparable fund.

How does the S&P 500 Shariah index fund differ from the normal S&P 500 index?

The S&P 500 Shariah index equities takes the S&P 500, one of the most commonly used equity indices, and removes prohibited sectors such as gambling, alcohol, defense, and companies that derive a significant portion of their revenues from interest income, such as financials. The index also removes companies that don’t meet shariah-compliant financial screenings.

What is the S&P Dividend Growth Fund?

This is another passive investment solution that tracks companies that have raised dividends consistently over the past 20 years. This strategy has outperformed the broader market with a more selective, but still diversified, approach. Coupled with the core S&P 500 Shariah index equities, these two solutions are the first of their kind for shariah-compliant investors in the United States.

What does passive and active investing mean? And how is it related to the S&P 500 Shariah index equities?

Active investing is when a fund manager tries to beat the overall market by picking and choosing the right stocks. Research has shown that active fund managers doing this successfully and consistently over long periods of time (think 5, 10, 20 years) is highly unlikely, coupled with the fact that the fees on these funds tend to be quite high.

In the words of Vanguard founder John Bogle, we don’t think you should try to find the needle in the haystack, but rather buy the haystack and bank on the growth of the market and economy as a whole. And investing through a low cost vehicle is our recommended way to gain U.S. equity exposure, both in conventional investing, as well as shariah-compliant investing. Although, no market gains can be guaranteed, diversification of an investment portfolio is a healthy practices that can lessen risk of losses and is strongly advocated at Wahed.

How can Wahed clients invest in those two index products?

Our platform is designed such that investing in line with your faith should not be restrictive based on your wealth. Our account minimums are $100 and opening an account is simple. Visit WahedInvest.com and sign-up today.

Wahed clients will automatically be allocated to these two funds, as well as other assets like gold and sukuks, according to their risk profile. With a platform that gives you a diversified portfolio customized to your needs, at a fraction of the cost of alternatives, it’s really a no brainer.

Disclaimer

19 Comments

  • Mariah

    If I invest $200 is that possible to start with?

    • admin

      Hi Mariah,

      You can even start with $100!

      Please feel free to reach out with any questions, we’re happy to help.

      Thanks,

  • Uzma

    Hi
    We do have account with TD AMERITRADE. Can we transfer that account with you, because we already have stocks

    • Wahed Editors

      Thank you for reaching out!

      We would love to talk to you about our transferring your account.

      Please schedule a time with our Financial Advisor here https://calendly.com/saad_wahed/ so we can answer any questions you may have. Simply select a time slot that fits your schedule, provide your info, and they will be in touch.

  • Mamadou A Bah

    I signed up already but I was told to wait until my details are verified after then your admin will send me a message but still now no message yet.

    • Wahed Editors

      Thank you for reaching out. We have forwarded your query to our operations team and you’ll be emailed with your account activation status shortly. Your patience is appreciated!

  • Halim

    Is this available only for US Wahed Investors? Or do Global Wahed Investors have access to it too? I’m from Singapore.

    • Wahed Editors

      Hello Halim,

      Thank you for your interest in Wahed! Yes, we are accepting clients from Singapore.

      If you wish, you can go to http://www.wahedinvest.com and take our ‘Free Portfolio Recommendation’ in three minutes. This will show you how your portfolio would look like if you joined.

      Please let us know if you have any other questions.

  • Noman

    This looks great but I don’t see the list of companies included in S&P 500 index fund. Is it available on the website?

    • Wahed Editors

      Salaam Noman,

      Thank you for reaching out!

      This information is available on our website on the PORTFOLIO page under “THIS IS WHAT YOU’LL INVEST IN” then you can click on CONSTITUENTS to see the list of companies under that specific asset class.

      You can email us at [email protected] should you have any further questions.

      Thank you.

  • Samedi

    What are the tickers of the two funds you mentioned? Are they registered with the United States SEC?

    • Wahed Editors

      Hello Samedi!

      Yes we are!

      Please let us know if you have any questions, we’re happy to help!

  • Shueb Khan

    I am from the UK will I still be able to use it?

  • Zeeshan Quraishi

    Hi, Just wanted to inquire if the two funds you mentioned ie Wahed S&P Shariah Fund and the Wahed S&P Dividend Growth Fund are publicly traded?

    • Wahed Editors

      Currently, this is exclusive to Wahed investors. Should you have further questions, please email us at [email protected]

  • HMK

    Hi there, when are you going to offer your services to clients in the UAE? We’re Dubai based and we are actively reorganising our portfolio, so we’d love to sign up if you’re taking clients on 🙂

  • fuse.

    Hey, are your services now available in India?
    We are looking forward to.
    Thanks

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