5 years ago

Wahed Secures $25M to Expand Shariah-Compliant Robo-Advisory Platform

  • Wahed, a Shariah-compliant robo-advisory platform, has raised $25 million in a strategic funding round led by Saudi Aramco Entrepreneurship Ventures and BECO Capital

  • The company plans to use the funds to expand its product offerings and reach a wider audience globally

  • Wahed differentiates itself by offering halal investments, which adhere to Islamic principles and ethics, screening companies for compliance with these principles.

      • ProblemFinancial Services

      "Muslims seeking to invest in accordance with Islamic principles face limited access to ethical and Sharia-compliant financial products."

      Solution

      "Wahed is a robo-advisory platform that provides halal investment opportunities by screening companies and assets to ensure they meet Islamic finance principles, offering a convenient and accessible way for Muslims to grow their wealth ethically."

      Covered on