Wahed Goes Global

Wahed Editors

●      Available in over 130 countries

●      Making investing possible for underserved investors. Starting with $100 account minimums, low fees, and no lock-ins

●      84% of users are new or not familiar with investing


London, 7 May 2019 – Wahed Inc. (“Wahed”), the parent company of Wahed Invest LLC, the first halal robo advisor in the United States, today announces it is expanding its operations globally. The platform, which was previously available only to US and UK communities, now provides access to Islamic value-based investing to residents of over 130 countries including key markets across Nigeria, India, Pakistan and the MENA region.

Wahed looks to change how the Muslim community participates in global financial markets by making investing accessible and ethically compliant for the 1.8 billion Muslims globally. For many Muslims, investing in line with their faith is more complex due to the exclusion of companies that obtain the bulk of their profits from interest, lending, gambling, hedging in silver or gold, insurance, pork, alcohol, tobacco, firearms and other activities deemed harmful or impermissible in Islam.

The platform, which was launched in the US in 2017 and expanded into UK markets in 2018, has found that 84% of its users are new to or only somewhat familiar with investing. The launch has been highly anticipated globally with over 40,000 interested users already on the waitlist for the international platform. Once signed-up, users can securely create an investment account within minutes with the help of facial recognition technology. Wahed will automatically suggest a portfolio for each user based on their risk profile, taking into account liquidity needs, investment goals and other criteria. The portfolio models are overseen by Wahed’s portfolio management professionals. Users can begin investing with as little as $100 while paying a fraction of traditional advisory fees. By utilizing fractional share trading, Wahed ensures that investors always have a diversified portfolio, regardless of their account size, thereby making investing efficient for investors from all walks of life.

Current portfolio allocation options include investments into:

●      Global stocks (Wahed S&P Shariah Fund for US clients)

●      Emerging market stocks (Wahed S&P Dividend Growth Fund for US clients)

●      Sukuk (Islamic bonds)

●      Commodities (Gold)

Junaid Wahedna, CEO and founder of Wahed Invest said:

“Our mission from day one has been to give access to ethical and efficient returns to the underserved investor. We are very proud to say that today, no matter where geographically an ethical investor is located, or what income demographic they fall under, they will have access to an investment portfolio that is free from usury, or any unethical constituent.

“This is an incredibly exciting time for Wahed. Since launching in the US and UK, our international waitlist just keeps on growing and we’re extremely pleased to finally on-board users from all over the world providing a much-needed solution.  Our new international mobile app allows users to open their account in minutes, invest in low-cost diversified portfolios, and monitor their performance anytime and anywhere.”

In the trailing 12 months, the S&P 500® Shariah Index (which includes all Shariah-compliant constituents of the S&P 500) outperformed the S&P 500 Index by a fifth (16.3% vs 13.5%). *

In order to ensure all returns are halal, Wahed has a full-time Ethical Review Board, which undertakes a rigorous screening process and produces annual purification reports. As a result, Muslim and non-Muslim investors alike can now be completely confident that their portfolios are ethically sound. Wahed has also successfully received associate membership with the Accounting and Auditing Organization for Islamic Financial Institutions (“AAOIFI”), a not-for-profit organization that regulates and standardizes accounting, auditing and governance practices for the Islamic finance industry in line with international standards that comply with Islamic rules.

The Wahed Invest platform is available immediately and can be accessed by downloading the mobile application available on the Android and IOS app stores or by visiting www.wahedinvest.com.

 *Source: SPICE, S&P Dow Jones Indices.

Disclaimer

16 Comments

  • G. Ali

    For Global Investment, can one buy US Stocks, Bond or ETF with Pakistani Rupees?

  • Wahed Editors

    Hello,

    Thank you for your interest! We are now accepting clients from Pakistan and we currently use USD as currency for investment. Please note that you do not need to have a dollar account for this. You can conveniently fund your account using any credit/debit card. We provide our clients with a diversified portfolio designed to seek the maximum level of returns for a given level of risk.

    Should you have further questions, please email us at [email protected]

  • Maysoon El-ahmad

    Hi – I am from Australia but this doesn’t seem to be available to Australian’s yet? Can you please let me know if you will be launching in Australia?

  • Wahed Editors

    Hello Maysoon,

    Thank you for your interest in Wahed!

    We are working towards launching in Australia however we are unable to confirm a timeline at this point.
    You may join our waitlist by visiting this link: campaign.wahedinvest.com/intl_waitlist

    This will also enable us to notify you once our service is available in your country.

    We look forward to serving you as an investor soon.

  • Yousef

    Hello
    I am from Egypt and Very Interested in Investing at This Great Platform, Is this available in Egypt?

  • Wahed Editors

    Hello Yousef,

    Thank you for your interest in Wahed!

    We are pleased to inform you that we are accepting clients from Egypt.

    We are an online Halal Investment platform and we’re making investing much more accessible. You do not have to worry about managing your investment we’ll do it for you. Our process is simple:

    – Download the app, and answer a few questions, which would enable us to evaluate your risk tolerance and ideal strategy
    – We recommend a portfolio that matches your risk profile
    – Open up and fund your account
    – Sit back and monitor your performance

    You can also watch an explainer video here
    https://www.youtube.com/watch?v=R-r1KWuCw4Y

    You are also able to place a deposit or withdrawal request at any time.

    Expected and historical returns can be viewed on wahedinvest.com (Homepage and Portfolio page). Kindly note that these are not indicative of future performance.

    You can now sign up using the mobile app, available on both iOS and Android.

    Android: https://play.google.com/store/apps/details?id=com.wahed.mobile
    iOS: https://itunes.apple.com/us/app/wahed-invest/id1440724971?mt=8

    Should you have any further questions, kindly email us at [email protected]

  • R.Omar

    I am sent to a waiting list when I try to create an account. How is it for those from Norway? and do you have any recommendations that i can try out if you are unavailable here in Norway

  • Wahed Editors

    Salaam Rukiya, thank you for reaching out! Yes, we are still working on launching our platform in Europe and since you have joined our list you will be notified as soon as we start accepting client from Norway. Looking forward to having you as one of our investors in the future, insha’Allah.

  • Habiba

    Hello,
    I am interested in investing and I have gone through the website and realized that Nigeria is included in the 130 countries. My problem is I currently resides in the UK but will move back to Nigeria in few years time . How do I go about it?

  • Ali

    What about Belgium?

  • amine R

    Hi,
    I’m from France and have a french banck account. the app does not allow me to open an account when i say i’m from France. Any idea on when it would be available ?
    Thanks,
    Salem

  • Wahed Editors

    Salaam Ali,

    We are working towards launching in Belgium however we are unable to confirm a timeline at this point.

    You may join our waitlist by visiting this link:
    campaign.wahedinvest.com/eu_waitlist

    This will also enable us to notify you once our service is available in your country.

    We look forward to serving you as an investor soon.

  • Wahed Editors

    Salaam Salem,

    Our team is working tirelessly to make halal investing accessible to everyone and we are currently working towards launching in France, however, we are unable to confirm a timeline at this point.

    You may join our waitlist by visiting this link:
    campaign.wahedinvest.com/eu_waitlist

    This will also enable us to notify you once our service is available in your country.

    For any further questions, feel free to email us at [email protected], thank you!

  • Wahed Editors

    Hi Habiba, thank you for reaching out!

    For us to better answer your query, we request you to send us an email at [email protected].

    We are looking forward to hearing from you and assisting you.

  • Rahmathullah

    Assallamuallikum brother I look for investing in India for NRI ?

  • Wahed Editors

    Wa Alaikum Asalaam, thank you for your interest! Our platform is definitely open to investors residing in India. To get started, download our mobile app and activate your Wahed account. For any assistance, email us at [email protected] and we’d happily assist you anytime!

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