Wahed is the easiest way to invest your money in a Halal manner wherever you are. No set-up fees or long-term commitments, and you can get started with as little as $100 – it’s Halal investing the way it should be.
Here’s how it works:
1. Get a recommended portfolio based on your risk profile
2. Sign up and fund your account seamlessly
3. Become a Halal investor
We’ll buy the investments for you so all you have to do is monitor your performance.
And, all of our accounts are SIPC insured up to $500,000. You can check www.sipc.org for more info.
Start saving for your future with this revolutionary digital Halal investment platform - your iPhone becomes an investment portfolio management tool.
With Wahed, you can:
• Open your own investment account
• Open or rollover an IRA to invest your retirement savings into a Halal portfolio – our full-time ethical review board has approved all securities, systems, and technologies through our web portal
• Seamlessly roll over your 401k into an easily accessible Halal IRA through our web portal
• See how your portfolio is doing at anytime, and request to deposit or withdraw funds instantly
Wahed’s robo-advisor custom tailors recommendations based on a simple risk assessment questionnaire with one main purpose: finding the right investment strategy for you!
Commitment to Halal investing:
• Our investments are screened for the presence of interest, as well securities with excessive debt ratios
• We do not invest in impermissible industries including alcohol, gambling, arms and tobacco, among others
• Our company and portfolios have been certified by our full time Ethical Review Board
Signing up is easy. Download our app, take the risk assessment questionnaire and make your deposit to start planning for your future today!
Questions? Please direct your emails to email@example.com.
Wahed Invest LLC. is registered as an investment advisor with the Securities and Exchange Commission. Registration does not imply a certain level of skill or training. Custodial and brokerage services are provided by Apex Clearing Corporation, a member of the New York Stock Exchange, FINRA and SIPC.
This latest version includes an update to our funding service. We've added more banks that you can link directly from the app.
Ratings and ReviewsSee All
Can’t manage multiple accounts
The app and service got a lot better after the introduction of the halal Wahed S&P funds but my biggest complaint is not being able to view multiple accounts. I hold a brokerage account as well as Roth IRA but on the app I can only view the brokerage account, and not really much else after that. The functionality on the website is what I would expect but that really should be on the app as well
Developer Response ,
Salaam and thank you for your feedback. We are continuously working on improving our users' experience and we are definitely aiming to be able to support retirement accounts (IRAs) on our mobile App but cannot confirm a timeline at this stage. We have much more exciting updates in the pipeline, all intended for you to love our App.
Much better alternatives available
I wanted to give Wahed a go, because I like having more players in the Halal investment market. However, the quality of the technology is not on par with other alternatives. One thing in particular is how they use Plaid for funding and withdrawals. When I was trying to fund my account, I linked my bank account. Then I changed my bank password, out of curiosity to know if Plaid stores the password or some sort of token. Changing the password results in Wahed saying that I need to relink the account, which either means they do store the password or that resetting the password invalidated the token (if any). I thought this is terrible and was planning to always change the password after every plaid transaction. Two days later my bank account was attacked, and a login with an invalid password was stopped... coincidence? I doubt it, but anyway I will not be using Wahed, unless they get some serious technology overhaul.
Developer Response ,
Hi, thank you for your feedback. Rest assured that Wahed does not have access to your bsnking credentials and Plaid confirms that it communicates with financial institutions through encrypted tunnels. As a securiity precaution, Plaid might invalidate your bank link when a new passwors is created for your own safety. We also plan on releasing a V2.0 in the near future and hope to see you on the platform again. Should you have any further questions or any recommendations, feel free to email us at firstname.lastname@example.org, we'd love to hear from you.
Non-transparent and long withdrawal time
I like everything except it takes very long to withdraw money. For example right now, it’s been processing more than two weeks but still showing as a pending. That’s unacceptable and they should show some sort of timeline. They say it takes 7-8 business days but it’s been more than 10 business days....
A customer service representative called me to explain everything. And you have to click green button to confirm the withdrawal.
Developer Response ,
Hello Jama707, it was a pleasure speaking with you on the phone! As per our conversation, on future withdrawal transactions, kindly note that the withdrawal process starts after authorization has been made. It then takes 7-8 business days for the funds to be disbursed due to the time it takes to sell securities and wait for the cash to settle. We confirm that your funds have been disbursed to your bank! We are glad this has been cleared up and we look forward to your future investments.
With Family Sharing set up, up to six family members can use this app.