News

Wahed Invest to launch robo-adviser in Middle East

Robo-adviserNew York-based Islamic finance firm Wahed Invest is extending its robo-adviser service to the Middle East and Southeast Asia. The latest roll-out of the automated investment tool will begin in early 2019, says Wahed’s chief executive Junaid Wahedna. He also announced that the firm, which is backed by a number of Mena-based investors including Dubai-based Beco Capital, has just closed a latest round of fund-raising which brought in $8 million, giving the company a valuation in excess of $100 million.  Wahed launched its services in the UK in August, where it now has 5,000 registered users and is now looking to add the UAE, Bahrain, Saudi Arabia, Malaysia and Indonesia to its roster of international markets. Wahed Invest has also just launched a Halal stock screener app which enables users to determine the Halal credentials of firms in which they might invest. ©2018 funds global mena

Executive Interviews

INTERVIEW: Totally mega

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In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

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Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

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Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.