Wahed
- Company typePrivate
- Founded2015
- HeadquartersNew York, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
Wahed firmographics
Firmographics- Name
- Wahed
- Legal name
- Wahed Inc.
- Website
- https://wahed.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Where Wahed is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
Wahed business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Wrap / Management Fees on Managed Portfolios: Recurring net wrap fee charged monthly on managed portfolio AUM in the US (0.49% per year for accounts above $100,000; 0.49% + $60 per year below that threshold). Includes management, custodian and transaction fees. No fees on $0-balance accounts.
- UAE Portfolio Management Fees: Recurring management fee of 0.99% per year on accounts up to $250k charged by Wahed Invest Limited (ADGM FSRA-regulated); fee bracket changes when balances exceed AED/USD $250,000 threshold.
- ETF Management & Sub-Advisory Fees: Revenue from Wahed-sponsored ETFs (Wahed FTSE USA Shariah / HLAL, Wahed Dow Jones Islamic World / UMMA) and sub-advisory/relationship on KraneShares products (e.g., KWIN), where Wahed Invest LLC acts as sub-advisor or index licensor for Shariah-screened ETFs.
- Everyday Shariah Account - Fund Expense Ratio: Built-in fund expense ratio of 0.50% per year on the underlying Shariah ETF used for the Everyday Shariah Account; no wrap fee charged on top.
- Real Estate Fund - Management & Performance Fees: Management fees plus tiered redemption/exit fees (reaching 0% after 5 years) on Wahed Real Estate Fund I LLC, a Reg A investment vehicle targeting up to $75M; structured through Dalmore Group LLC as broker-dealer.
- Nigeria Portfolio Management Fees: Recurring management fee on Wahed Limited accounts (Nigeria) regulated by Securities and Exchange Commission, distributed via Capital Assets Limited (broker/dealer and fund manager).
- Affiliate / Referral Program: Affiliate / referral revenue via Wahed's tracking-tagged affiliate links (e.g., wahedairbridgeproduction campaign), with dedicated affiliate-program pages on US, UK and Malaysia sites.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | US Managed Portfolios - tiered annual wrap fee (0.49% + $60 below $100k; 0.49% above $100k), billed monthly |
| Subscription | Monthly | UAE Managed Portfolios - 0.99% per year management fee on accounts up to $250k |
| Subscription | Monthly | Nigeria Local Portfolios - management fee applies on accounts of N150k and above |
| Other | Annual | Everyday Shariah Account (US) - 0.50% per year fund expense ratio, $100 minimum, no wrap fee |
| Other | Pay-as-you-go | Wahed Real Estate Fund I - $100 minimum, Reg A pooled single-family rental fund |
Go-to-market motion4 records
Distribution channels9 records
Marketing channels10 records
Wahed product offering
Product offeringCore offering
Wahed is a digital Shariah-compliant (halal, riba-free) investment management platform offering robo-advisor managed portfolios, Everyday Shariah Account savings, IRAs, real estate funds, Shariah-screened ETFs (HLAL, UMMA, KWIN, plus UCITS variants) and UK pension/ISA wrappers, delivered through regulated entities in the US, UK, UAE, Malaysia, Nigeria and the EU. The platform provides automated portfolio construction, Shariah screening, Zakat calculation and wealth purification tooling across 10+ jurisdictions.
Differentiator
Problem solved
Functional benefit
Brands
- Wahed for Women: A separately branded women-focused offering under Wahed's UK operations, with its own page (wahed.com/uk/wahed-for-women) and dedicated Instagram presence.
- Wahed Everyday Shariah Account (ESA)
- Wahed Real Estate Fund
Products and services
- Wahed Invest Platform (Core App and Managed Portfolios) Core Shariah-compliant investment platform delivered as a mobile app and web application, offering managed portfolios across six risk tiers (Very Conservative to Very Aggressive) with automatic rebalancing, dividend reinvestment and Zakat tooling. Available across US, UK, UAE, Malaysia, EU, Nigeria and International markets through SEC, FCA, ADGM FSRA, SC Malaysia and SEC Nigeria regulated entities, with US brokerage execution via Apex Clearing Corporation.
- Everyday Shariah Account (ESA) Halal savings product offering riba-free returns through a Shariah-compliant ETF using an arbitrage strategy combining stocks and fixed sale contracts (salam-style structure). $100 minimum, no wrap fees, fund expense ratio 0.50% per year, quarterly credited profit, withdrawals in 2-3 business days. Available in the US with Global and UAE waitlists.
- Wahed Real Estate Fund I (Regulation A) Shariah-compliant single-family residential fund structured as a Regulation A investment vehicle with 100% equity financing (0% debt), $100 minimum investment, $75 million target fund size, and quarterly income distributions with semi-annual redemption windows. Open to accredited and non-accredited US investors. Broker-dealer services by Dalmore Group LLC.
- Wahed Individual Real Estate Properties Fractional Shariah-compliant single-family rental property investments in US markets (North Carolina, Texas, Michigan). Investors buy into individual rental homes from $500 with quarterly rental income distributions and potential property appreciation at exit.
- Wahed Retirement Accounts (Traditional IRA, Roth IRA, SEP IRA) Shariah-compliant US retirement accounts including Traditional, Roth and SEP IRAs with a $100 minimum opening balance. Supports IRA transfers and 401(k) rollovers with managed Shariah-compliant portfolios tailored to retirement goals.
- Wahed Stocks & Shares ISA (UK) UK FCA-regulated Shariah-compliant Individual Savings Account with up to £20,000 annual contribution, offering six portfolio risk tiers from Very Conservative to Very Aggressive. Provided through Wahed Invest Ltd (FRN 833225).
- Wahed Personal Pension (SIPP) & Workplace Pension (UK) UK Self-Invested Personal Pension (SIPP) and Halal Workplace Pension products provided through Wahed Invest Ltd (FRN 833225), with growth projections factoring in UK tax relief at marginal rates.
- Wahed Business Investment Account (UK) UK Shariah-compliant Business Investment Account (GIA/BIA variant) for business entities to invest surplus funds in Wahed's halal portfolio range.
- Wahed HLAL ETF (Wahed FTSE USA Shariah ETF) Wahed's US-listed Shariah-compliant ETF tracking a FTSE USA Shariah index of US equities screened for Islamic compliance. Listed on Nasdaq with Wahed Invest LLC as sponsor.
- Wahed UMMA ETF (Wahed Dow Jones Islamic World ETF) Wahed's global Shariah-compliant ETF tracking the Dow Jones Islamic World Index, listed on Nasdaq (NASDAQ:UMMA), with Wahed Invest LLC as sponsor. Expanded into a UCITS-compliant version launched January 2026 in Europe.
- KraneShares Wahed Alternative Income Index ETF (KWIN) Shariah-compliant alternative income ETF launched on the NYSE in partnership with KraneShares, tracking the proprietary Wahed Shariah Alternative Income Index (WHDINC). Uses exchange-traded FLEX options and Shariah-compliant stocks to generate alternative income while maintaining a delta-neutral position. Wahed Invest LLC serves as sub-advisor.
- Wahed UCITS ETF Suite (Dow Jones Islamic World UCITS ETF and S&P 500 Shariah UCITS ETF) Two UCITS-compliant equity ETFs domiciled in Ireland and approved by the Central Bank of Ireland, integrating Shariah compliance with an additional Islamic values-based ethical screening framework referencing OHCHR and the UFLPA Entity List across three dimensions: salience, responsibility and responsiveness. The two ETFs introduced were the Wahed Dow Jones Islamic World UCITS ETF and the Wahed S&P 500 Shariah UCITS ETF.
- iWaqf (iwaqf.io) Waqf charitable giving service operated by iWaqf Ltd (Company No: 11637157), a UK subsidiary of Wahed Inc, for the benefit of the iWaqf Charitable Trust (Charity No: 1190896), an independent charity.
- iWill Solicitors and True Wills UK Islamic wills provider and online Islamic wills service acquired by Wahed in February 2023 for a seven-figure sum, with plans to integrate will-writing services into the Wahed app.
- Wahed Ventures Venture/investment arm of Wahed offered in the UK, EU and Malaysia markets, providing private wealth and institutional-style offerings alongside the core retail platform.
Companies that use Wahed
Customer profileSegments8 records
Ideal customer profiles7 records
Wahed technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability6 records
Feature7 records
Wahed partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered flagship and core.
- Qatar's General Authority of Endowments (Awqaf)flagshipPartnership to develop an AI-powered platform for screening and analyzing Shariah-compliant equities listed on the Qatar Stock Exchange, combining AI-driven equity screening, natural language processing and financial ratio analysis with a bilingual Arabic-English interface. Aligns with Qatar's Vision 2030 and digital transformation strategy.
- Noussair Mazraoui (Manchester United / Moroccan international footballer)flagshipBecame a strategic partner and shareholder of Wahed, joining the company's ambassador family alongside Khabib Nurmagomedov and Paul Pogba. Aligns with Wahed's mission of promoting financial inclusion and faith-aligned wealth building.
- Dalmore Group LLCcoreFINRA/SIPC-registered broker-dealer (525 Green Place, Woodmere, NY 11598) handling all securities-related activity for Wahed Real Estate Fund I LLC's Reg A offerings. Issues Form CRS for Wahed clients.
- Capital Assets LimitedcoreDealing member of the Nigeria Stock Exchange; registered with SEC Nigeria as issuing house, fund manager and broker/dealer. Acts as broker for Wahed Limited clients in Nigeria.
- KraneShares (Krane Funds Advisors)flagshipCo-developed and launched the KraneShares Wahed Alternative Income Index ETF (KWIN) on the New York Stock Exchange, with Wahed Invest LLC serving as sub-advisor. The ETF tracks the proprietary Wahed Shariah Alternative Income Index (WHDINC) and uses exchange-traded FLEX options to generate income while maintaining a delta-neutral position.
- iWill Solicitors (and True Wills)coreAcquired in a seven-figure transaction to expand Wahed's financial platform to include Shariah-compliant will-writing. Includes True Wills (online Islamic wills service) with plans to integrate will-writing into the Wahed app. Part of broader UK expansion including a physical London location.
- Apex Clearing CorporationcoreProvides brokerage execution, clearing and custody infrastructure for Wahed Invest LLC's US clients. Apex Clearing is a member of NYSE - FINRA - SIPC, regulated by the SEC and CFTC. Wahed Invest does not act as broker-dealer itself.
- iWaqf Ltd (Company No: 11637157)coreA subsidiary of Wahed Inc that owns and manages iwaqf.io for the benefit of iWaqf Charitable Trust (Charity No: 1190896), an independent charity. Operates Waqf-related flows in the UK.
Scale indicators9 records
Recent moves9 records
Expansion highlights6 records
Wahed competitors and assessment
Company assessmentDirect peers
- Sarwa: UAE-based digital investment platform offering Shariah-compliant and conventional portfolios via a robo-advisor model. Directly comparable to Wahed on product (managed portfolios, halal screening, regional expansion) and target market (MENA/exppat Muslim retail), though it also serves non-Muslim investors.
- SP Funds (S&P 500 Sharia ETF / SPUS): US asset manager running the SPUS S&P 500 Sharia ETF and related Sharia ETFs (SPRE, SPTE). Directly competitive with Wahed's HLAL, UMMA, and KWIN ETFs in the US Shariah ETF category.
- StashAway: Malaysia-based digital wealth manager with Shariah-compliant portfolio options. Directly comparable to Wahed Technologies Sdn. Bhd. in Malaysia on product (robo-advisor, Shariah portfolios, low minimums) and target market (Malaysian Muslim retail), with broader conventional offering.
Broad incumbents
- iShares MSCI World Islamic UCITS ETF (BlackRock): BlackRock's flagship global Islamic UCITS ETF — a direct competitive product to Wahed's Dow Jones Islamic World and S&P 500 Shariah UCITS ETFs. Comparable on product (Shariah-screened global equities UCITS) and target market (European institutional + retail), backed by BlackRock's distribution scale.
- Franklin Templeton Islamic Funds: Global asset manager with a long-established suite of Shariah-compliant funds and UCITS products. Comparable on Shariah-screened fund products, Islamic values-based investing, and institutional/retail European + GCC distribution — a large, well-known incumbent in the same category.
- Betterment: US digital wealth manager and one of the original robo-advisors. Comparable to Wahed on product (automated portfolios, retirement accounts, low minimums) and target customer (US retail investors), but does not specialize in Shariah compliance and serves a broader market.
- Abu Dhabi Islamic Bank (ADIB): One of the largest Islamic banks in the UAE, offering Shariah-compliant banking, investment, and wealth management products. Comparable to Wahed on UAE/MENA Muslim retail customer base and Shariah-compliant product breadth, but operates as a full-service bank rather than a digital-native investment manager.
Regional players
- Gatehouse Bank: UK Shariah-compliant challenger bank offering property finance, savings, and investment products to UK Muslim retail and business customers. Comparable to Wahed on UK halal retail distribution and Shariah governance, though it competes primarily in banking rather than capital-markets investing.
- Al Rayan Bank: UK's largest Shariah-compliant retail bank, offering savings, mortgages, and investment products. Comparable to Wahed on UK Muslim retail customer base and Shariah-compliant product breadth, with a regional UK-only focus vs Wahed's multi-country model.
Emerging players
- Islamicly: Shariah stock-screening and halal investment app targeting Muslim retail investors, focused on individual stock screening rather than full managed portfolios. Comparable to Wahed on values-based Shariah retail investing, but a smaller, narrower product offering.
Market position
Strengths5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Wahed social profiles
Digital presenceWahed compliance and trust
Trust signalCompliance9 records
Wahed financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wahed leadership team
Management profileNumber of profiles
Profiles9 records
Wahed subsidiaries and ownership
Company hierarchySubsidiaries10 records
Wahed funding detail
Funding detailFunding overview
Funding rounds9 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wahed M&A and investment
M&A and investmentM&A3 records
Investments5 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wahed
What does Wahed do?
Wahed is a digital Shariah-compliant (halal, riba-free) investment management platform offering robo-advisor managed portfolios, Everyday Shariah Account savings, IRAs, real estate funds, Shariah-screened ETFs (HLAL, UMMA, KWIN, plus UCITS variants) and UK pension/ISA wrappers, delivered through regulated entities in the US, UK, UAE, Malaysia, Nigeria and the EU. The platform provides automated portfolio construction, Shariah screening, Zakat calculation and wealth purification tooling across 10+ jurisdictions.
Is Wahed a public or private company?
Wahed is a private company. It is classified as venture growth investor backed and is currently operating.
When was Wahed founded?
Wahed was founded in 2015. It employs 101 to 250 people.
Where is Wahed based?
Wahed is headquartered in New York, United States, in the North America region.
How does Wahed make money?
Seven revenue lines are on record. Wrap / Management Fees on Managed Portfolios are the primary driver. The others are UAE Portfolio Management Fees, ETF Management & Sub-Advisory Fees, everyday Shariah Account - Fund Expense Ratio, real Estate Fund - Management & Performance Fees, nigeria Portfolio Management Fees and affiliate / Referral Program.
Who are Wahed's main competitors?
Direct peers on record are Sarwa, SP Funds (S&P 500 Sharia ETF / SPUS) and StashAway. Broad incumbents are iShares MSCI World Islamic UCITS ETF (BlackRock), Franklin Templeton Islamic Funds, Betterment and Abu Dhabi Islamic Bank (ADIB). Regional players are Gatehouse Bank and Al Rayan Bank. Islamicly is listed as an emerging player.
Does Wahed have an API?
No public API is recorded for Wahed.