The platform, which was previously available only to the US and UK communities now provides Shari’ah compliant investing to residents of over 130 countries including key markets across Nigeria, India as well as Pakistan and the MENA region.
Wednesday 08, May 2019 BY KUDAKWASHE MUZORIWA
Wahed, the first Halal robo advisor in the US, has announced that it has expanded its operations globally.
The Islamic value-based company plans 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.
Wahed’s current portfolio allocation options include investments into Wahed S&P Shari'ah Fund (global stocks), Wahed S&P dividend growth fund (emerging market stocks) as well as Sukuk and commodities.
Junaid Wahedna, the CEO and founder of Wahed Invest, said, “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.”
Once signed-up to platform, Wahed will automatically suggest a portfolio for each user based on their risk profile, taking into account liquidity needs as well as investment goals and other criteria.
Users to Wahed platform can begin investing with as little as $100 while paying a fraction of traditional advisory fees.
Additionally, Wahed ensures that investors always have a diversified portfolio, regardless of their account size.