IslamicFinance.de

Wahed raised $25 million in venture funding with proceeds being funneled into ensuring people can invest their money into a diversified portfolio consisting of stocks, commodities, real estate and sukuk. Since launching in 2017, Wahed was recently awarded the first RoboAdvisory permit by the financial regulator, the U.K.'s Capital Markets Authority, to launch its platform in Saudi Arabia. Wahed’s foray into Malaysia in 2019 bolstered their global presence, and the fintech firm now serves over 100,000 clients globally. Wahed believes that they are paving the way for ethical investment in Islamic finance and showing the world how underserved the Muslim market is.