Wahed

About

Wahed is a global financial technology and services company dedicated to providing accessible, affordable, and ethical investment opportunities aligned with Islamic principles. Founded in 2015 and headquartered in New York, the company operates as a Shariah-compliant digital investment platform, often referred to as a robo-advisor. Its mission is to democratize finance for the 1.8 billion Muslims worldwide, enabling them to participate in global financial markets without compromising their values. Wahed's platform is designed to be user-friendly, catering to both seasoned investors and those with limited financial knowledge. Users can start investing with a small minimum amount, making it accessible to a broad range of individuals. The company's investment portfolios are carefully screened by an ethical review board to ensure they adhere to Shariah law. This means investments exclude industries such as alcohol, tobacco, firearms, and gambling, and do not generate profit from interest (riba). Portfolios are diversified across various asset classes, including global stocks, emerging market stocks, Sukuk (Islamic bonds), and gold, tailored to each client's risk tolerance. In addition to its core robo-advisory service, Wahed has expanded its offerings to include products like the Wahed FTSE USA Shariah ETF (HLAL), the first Shariah-compliant exchange-traded fund in the United States. The company has a global presence, with offices in major financial hubs like London and Dubai, and serves a customer base of over 400,000 across more than 130 countries. Through its innovative use of technology, Wahed is committed to fostering financial inclusion and empowering individuals to build wealth in a manner that is both ethically sound and personally meaningful.