Wahed launches its S&P 500 Shariah Equities Product

 

Assalamu Alaikum

We want to share with you some exciting news about your portfolio and our platform! Since you started your halal investing journey with Wahed Invest, we’ve experienced tremendous growth – now serving over 10,000 clients with your same values! We 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 equities product – the Wahed S&P Shariah Equities and the Wahed S&P Dividend Growth Equities.

We’re excited to be collaborating with S&P, one of the world’s leading financial services firms globally, to achieve this milestone in our industry.

These new funds will replace three of the existing mutual funds in your portfolio and all of our portfolios will be re-optimized with their addition. This won’t require any effort on your part!

You may be wondering why we decided to release the new products and make these changes. Below I’ve outlined the three main reasons we took this decision and why we believe it is the best decision for your portfolio.

It matches your values. These funds take the S&P 500, the widely used index to gauge large-cap US companies, and omits prohibited sectors as per Shariah guidelines (e.g., alcohol, gambling, weaponry, interest, adult entertainment, etc).

It performs well. Since inception, the S&P 500 Shariah Index has performed in line with the broader equity market, showing that adherence to halal investing principles need not come at the expense of less attractive returns. Further, research has shown that in the long run, passive investment strategies that mimic the overall market tend to perform better than actively managed funds. For a more detailed discussion on this, we’re having a webinar on this topic in the coming days which you can sign up to by clicking  the link at the bottom of this message).

It costs less. Unlike mutual funds, these Wahed S&P equity products are offered with zero fund management fees to all Wahed clients making them more attractive with no compromise on returns and more importantly, no additional layers of fees. As part of this effort, we are also readjusting our pricing structure to a more simple two tiered model. If you invest under $100k, your new annual fee will be .79% and if you invest over $100k, your new annual fee will be .49%. The new pricing model, coupled with our new index products, means every risk profile we offer will get an overall fee reduction. We feel this is critical, because in the long run, fees tend to be one of the biggest reductions in overall earnings potential.

I hope you’re as excited about this news as we are!

I want you to know that over the next year, we will continue to revolutionize halal investing by focusing on our values, performance, products, and service. Our intent is to bring more awareness to these shared values and to showcase their effectiveness. We will also aim to build a better relationship with you, our clients, and our overall communities at large.

I want to thank you personally for your continued support and for trusting us. Without it, we wouldn’t have made the progress we’ve made thus far and with it, I know we can continue to bring about this much needed change in the way we invest.

 

Wasalam,

Aris Parviz.

12 Comments

  • Mohammed Faaiz

    Assalamualaikum,

    I would like to know if this fund is in proportion to S& P 500 Index by removing non Shariah stock.
    Also I’m from India, what is the to invest in US stocks.

    • Wahed Editors

      WAlaykum AlSalam Mohammed,

      Those are the funds which our clients in the US can expect to see in their portfolios:

      – Wahed S&P Shari’ah Fund
      – Wahed S&P Shari’ah Dividend Growth Fund
      – Azzad Sukuk Fund
      – Gold ETF

      For our International platform clients including India, we are investing in:

      – Global Stocks (iShares MSCI World Islamic UCITS ETF USD)
      – Emerging market stocks (iShares MSCI EM Islamic UCITS ETF USD)
      – Islamic Bonds/Sukuk (Franklin Global Sukuk Fund)
      – Gold (ETFS Physical Gold)

  • Muhammad

    Asslam Alaikum, Do you guys operated in Canada?

    • Wahed Editors

      Wa Alaikum Asalaam Muhammad,

      Thank you for reaching out!

      We are working towards launching in Canada and in Europe but we cannot confirm a timeline as of yet. Please feel free to 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, insha’Allah.

  • Arsalan Shabbir

    Assalamualaikum. Will there be an emerging market and/or international stock fund planned soon?

    • Wahed Editors

      Wa Alaikum Asalaam Arsalan, we currently invest using globally renowned fund providers but are aiming to launch our own funds in the future. For any further questions, email us at [email protected]

  • Abdur-Rahman

    Salam alaaykum.
    Hope this meet you well.
    I reside in Nigeria and I what to know which investment I can have with you?
    Regards.

    • Wahed Editors

      Wa Alaikum Asalaam Abdur-Rahman,

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

      To get started, visit our website wahedinvest.com and start investing today1

  • MD

    Is it available in Singapore?

    • Wahed Editors

      Hello,

      Thank you for your interest in Wahed!

      Yes, we are pleased to inform you that we are accepting clients from Singapore.

      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]

  • Usaid

    I live in Pakistan. How can I invest in your funds?

    • Wahed Editors

      Salaam Usaid, thank you for your interest. The Wahed S&P Shariah Equities have been replaced by the newly launched Wahed FTSE Shariah ETF which you can check using this link: https://funds.wahedinvest.com/. Please note that this is currently offered for US investors ONLY, however, we are hoping to set up a similar arrangement internationally in the future. To invest from Pakistan, kindly visit https://wahedinvest.com/ to get started, and email us at [email protected] for any questions you may have. Hope this helps!

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