Wahed Announces Strategic Investment from Qatar Development Bank (QDB)
Wahed is thrilled to announce a strategic investment from Qatar Development Bank (QDB), marking a significant milestone in its mission to redefine ethical investing and financial inclusion.
This collaboration unites two forward-thinking organizations dedicated to fostering financial empowerment, transparency, and accessibility. With QDB’s backing, Wahed is poised to accelerate the development of innovative wealth-building solutions that align with the values and aspirations of its diverse clientele.
About Wahed
Established in 2015, Wahed launched its services in the United States in 2017 and expanded to the United Kingdom in 2018. It is recognized as the world’s first automated Islamic investment platform governed by Sharia law. This platform is designed to empower individuals seeking to invest in a manner consistent with halal principles, while actively supporting socially responsible investments (SRIs).
Wahed avoids sectors like tobacco, alcohol, firearms, and adult entertainment. Investments are meticulously vetted by a committee of Islamic scholars, ensuring alignment with ethical and Sharia standards. This rigorous oversight enables the platform to appeal to Muslims worldwide who prioritize value-driven, compliant investment solutions.
Sharia-Compliant Robo-Advisory in a Growing Market
The robo-advisory market has experienced exponential growth, with assets under management (AUM) projected to surpass $16 trillion by 2025. With 1.8 billion Muslims globally, Sharia-compliant investing represents a significant and underserved segment of this market. Wahed is addressing this gap by offering a $100 minimum investment threshold and no lock-in periods, making investing accessible to smaller investors. Its digital platform also ensures lower fees compared to traditional financial advisors.
Partnership with QDB: Driving Financial Inclusion
The strategic partnership with QDB will allow Wahed to strengthen its platform, expand its services, and reach underserved markets. Together, Wahed and QDB aim to create a more inclusive financial ecosystem that empowers individuals and communities to grow wealth responsibly and in alignment with ethical principles.
This collaboration reaffirms Wahed’s commitment to advancing financial solutions that resonate with its clients’ values while ensuring transparency and accessibility.