Wahed to go global with robo-advisor

robo-advisorWahed Invest, the first shariah robo-advisor to be launched in the US, is to be expanded to over 130 international markets, including the Mena region. Thus far, Wahed Invest has only been available in the US and UK, in 2017 and 2018 respectively. The platform claims that it has up to 40,000 interested users on a waiting list for the expanded service. “Our mission from day one has been to give access to ethical and efficient returns to the underserved investor,” said Junaid Wahedna, CEO and founder of Wahed Invest. “We are very proud to say that today, no matter where geographically an ethical investor is located, or what income demographic they fall under, they will have access to an investment portfolio that is free from usury, or any unethical constituent.” In addition, Wahed Invest has also been awarded associate membership with the Accounting and Auditing Organization for Islamic Financial Institutions, a not-for-profit body that regulates accounting and auditing practices within the Islamic finance world. ©2019 funds global mena

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