Wahed News Roundup

Wahed has been making waves all around the world with some fantastic support from the media. Let’s take a closer look at the key highlights and media coverage from recent weeks: 

Our Country Manager for Nigeria, Daniel Isa, was interviewed by Business Insider Africa on the rise of ethical investing in Africa. He talked about how “the COVID-19 pandemic presented a pivotal moment, with record amounts of money pouring into funds that aim to promote sustainability and social goods.” He also mentioned that 60 percent of Africa’s population is under 25 years old, and younger generations continue to put pressure on financial institutions to consider social justice and ecological sustainability.

On the topic of millennials and Gen Z, the way in which their technology habits are reshaping the asset management industry was also covered in The Edge Markets Malaysia. Millennials now make up half of Malaysia’s working population and, unlike their elders, want direct control over their wealth. They are also tech-savvy enough to use the latest tech tools to do just that. 

Following that same note, Free Malaysia Today featured Wahed as one of the ‘​​online apps that make investing easier.’ As apps have evolved, it has never been easier to manage your money directly from your phone. We were listed as an investment app that offers you a way to grow your portfolio, without compromising on your beliefs.  

Our international partnerships continue to grow as over in the UK, specialist pension provider Options ‘for your tomorrow’ announced its partnership with us in order to expand its offering to ethical investors. Our ethical investment portfolios are now available within Options’ Simple Sipp. 

We were also mentioned in Newsweek USA as our own Wahed FTSE USA Shariah ETF (listed on NASDAQ, the second-largest stock exchange in the world) beat the S&P 500 in both 2020 and 2021, with an expense ratio of 0.50 percent. That same piece referenced the increasing recognition that “ESG, whether it be climate or diversity, actually does affect the value of companies” and that companies following ESG principles could deliver stronger returns to investors than those who do not.

As our presence continues to expand around the globe, we are excited to welcome Haitham Al-Sayed as our new Global Head of Institutional Sales and Advisory Services.  His dedication to ethical investing is something to admire, and we’re thrilled to have him join our team. During his time at Saturna Capital, he helped with the Amana Mutual Funds Trust, working with high net-worth clients and financial advisory groups around the country.

We also announced the creation of a Risk and Audit Department, which will be led by risk veteran and General Manager of our UK operations, Umer Suleman. With a wealth of experience and a proven track record of over 15 years of regulatory, risk, and strategy consultancy roles, Suleman will hold responsibilities including managing Wahed’s risks, deploying the appropriate risk-transfer strategies, and working with the Compliance Department on global regulations and financial policies.

We’re delighted to share our story in the media and excited to reveal more developments as the year unfolds – this will include industry insights, news from behind the scenes, and more. Keep an eye on this space!


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