We’re excited to announce that we’ve raised $5 million in funding from strategic investors.
We’re moving closer to our goal of providing every single ethical investor in the US an efficient and accessible halal investment platform, with account minimums as little as $500.
“The American Muslim population, which is one of the most affluent demographics in the country, is increasingly seeking more sophisticated ethical investment solutions,” said Wahed CEO Junaid Wahedna. “We’re excited to be able to offer observant Islamic investors in the U.S. a new, value-driven way to invest their money, at a fraction of the cost they would pay traditional asset managers and advisors.”
These funds will enable our company to reach all ethical investors even faster and help you start your halal investment journey today. We also aim to offer new account types later this year, in addition to introducing Wahed internationally towards the end of 2017.
Our approach to ethical investing in the digital age utilizes a human review panel to screen certain stocks, commodities and other investment types that are not socially responsible or Shariah compliant, before automating algorithm-based investments. Clients will receive a recommended optimised and diversified portfolio based on their own risk tolerance. Using Wahed, American Muslims can now digitally automate long-term, halal investments into securities such as Sukuks and gold, while managing their halal portfolios at a low cost.
For more information, please refer to the article on TechCrunch.