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

40 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!

  • Khadija

    Salaam aleikum,

    What about the Netherlands 🙂

  • Wahed Editors

    Salaam Khadija,

    Thanks for your interest in Wahed! We are working towards launching in Europe, however, we are unable to confirm a timeline at this point. Please join our waitlist by visiting the link below which will also enable us to notify you once our service is available in the Netherlands.

    campaign.wahedinvest.com/eu_waitlist

    We look forward to serving you as an investor soon.

  • Abdifatah Mohamed

    Aslam Aliakum wr wb, I’m from Somalia and I can’t open an account in this platform so when will you guys accept investors from Somalia.
    Thank you.

  • Wahed Editors

    Wa Alaikum Asalaam, thank you for reaching out! For us to better address your question, we request that you email us at [email protected]. We look forward to hearing from you.

  • Hassan Ali

    Salaam What about Denmark?

  • Wahed Editors

    Salaam, thank you for your interest in our platform. We are still working on launching our services in Denmark and we cannot confirm a timeline at this stage. You may visit our website wahedinvest.com to join our waitlist. This will enable us to notify you as soon as our services are available in your country. You may also follow us on our social media accounts to stay informed. Thank you!

  • Muhammad

    When you are going to launch this platform in Germany

  • Wahed Editors

    Thank you for your interest! We are still working on introducing our platform in Germanay and unfortunately, we do not have any timeline as to how soon this will be available. Kindly click on the link below to join our waitlist so you get notified as soon as our platform starts onboarding clients from your country of residence. For any further questions, you can always email us at [email protected]. Thank you!

    https://campaign.wahedinvest.com/eu_waitlist

  • Ahmad Azeez

    Assalamualeikum
    Am from Nigeria and very interested in investing in this great platform. How do I start to fund my account.

  • Wahed Editors

    We’d love to help!

    Can you please email us at [email protected] so we can better assist you?

    Looking forward to hearing from you 🙂

  • Mohammed

    I am from Saudi Arabia, can I register and start investing through Wahed Invest app?

  • Wahed Editors

    Hi, absolutely! Yes, you may download our app to get started. Should you require any assistance kindly email us at [email protected] and we’d be more than happy to help. Thanks for your interest in Wahed!

  • Asad

    Is there a rough timeline for when this will launch in Australia?

  • Wahed Editors

    Hi Asad, thank you for your interest! Unfortunately we do not have a timeline at this stage, however, you may join our wait list to get notified as soon as our service becomes available in Australia. You may simply visit this link: https://campaign.wahedinvest.com/intl_waitlist

  • Rasyidi

    Hi,
    What about Singapore ?
    Thanks,
    Rasyidi

  • Khalid Usmani

    Assalam o Ealikum,
    How can I invest in US/ UK Markets While we are waiting to started Australian Market.

  • Wahed Editors

    Wa Alaikum Asalaam,

    Thank you for your interest! In order for us to better answer your query and help you with the options and requirements on how to start your halal investing journey with us, we request you to send us an email to [email protected]

    Looking forward to hearing from you.

  • Muhammad

    Hello Sir,

    AoA i am unable to signup is the does the platform accepts clients based in Saudi Arabia.

    Thank you

  • Soumaya

    What about The Netherlands?

  • Wahed Editors

    Wa Alaikum Asalaam,

    Thank you for your interest! In order for us to better answer your query, we request you to send us an email to [email protected]

    Looking forward to hearing from you.

  • Wahed Editors

    Hi, thank you for your interest! Unfortunately, we do not have a timeline at this stage, however, you may join our waitlist to get notified as soon as our service becomes available in the Netherlands. You may simply visit this link: https://campaign.wahedinvest.com/intl_waitlist

  • Abdirizak

    Hi my name is Abdirizak. I live in USA now but i am from Somalia. I wanted to invest in this but my country is not your list. Why it is that you didn’t add Somalia? Is your service available there yet. Also If i have all the legal documents in U.S but not citizen isn’t there an option for non citizens.

  • Wahed Editors

    Hello Abdirizak, thank you for your interest in Wahed. We’d love to help you with your questions and for us to answer you more accurately, can you please email us at [email protected]? Our support team would available and be more than happy to assist you! Looking forward to hearing from you.

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