Wahed is an online platform that offers Shariah-compliant investment options, allowing users to invest in a diversified portfolio of assets typically reserved for high-net-worth individuals. By providing accessible and affordable financial products, Wahed addresses the need for Halal investing, enabling individuals to grow their wealth without compromising their values.
Funding
Funding not disclosed
QDFounders
Product
Problem
Many individuals seek investment opportunities that align with their religious values, specifically adhering to Shariah principles which prohibit investments in industries like alcohol, gambling, and interest-based lending. Traditional investment platforms often lack options that comply with these ethical and religious guidelines, limiting the choices available to this segment of investors.
Solution
Wahed provides an online investment platform offering a range of Shariah-compliant investment portfolios, enabling individuals to invest in a diversified manner while adhering to Islamic finance principles. The platform offers various risk tolerance levels, allowing users to select portfolios that align with their financial goals and risk appetite. Wahed's investment strategies are overseen by a Shariah Review Bureau, ensuring compliance with Islamic guidelines. The platform simplifies the investment process by automating portfolio management, rebalancing, and purification, making it accessible to both experienced and novice investors seeking ethical investment options. Wahed also provides tools such as a Zakat calculator to help investors fulfill their religious obligations.
Target Audience
Wahed's primary target audience consists of Muslim individuals and institutions seeking Shariah-compliant investment options to grow their wealth in accordance with their religious beliefs.
Features
- Diversified Shariah-compliant investment portfolios across various risk tolerance levels (Very Conservative to Very Aggressive).
- Investments screened to exclude companies involved in prohibited industries such as alcohol, gambling, tobacco, and interest-based finance.
- Automated portfolio rebalancing to maintain target asset allocations.
- Annual purification process to cleanse portfolios of any non-compliant income.
- Zakat calculator to assist users in calculating and fulfilling their Zakat obligations.
- Access to Halal investment options typically reserved for high-net-worth individuals.
- Mobile app for account management, funding, and performance tracking.
- Educational resources on Islamic finance and investment principles via the "Muslim Money Experts" blog.