# Wahed

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wahed

- Industry: Financial Services
- Headquarters: Abu Dhabi, United Arab Emirates
- Website: www.wahedinvest.com
- Total disclosed funding: $57M
- Latest round: Series B (Jun 16, 2022)
- Investors on record: 3

## About

Wahed Inc. is a UAE-based digital investment platform providing halal investment solutions, facilitating access to Shari'ah-compliant financial products for individuals seeking ethical investment options.Founded in 2017 in Abu Dhabi, United Arab Emirates, Wahed Inc. specializes in halal investing solutions. The company has successfully completed 7 deals, with its latest funding round being a SERIES B, raising USD 50.00 mn led by Saudi Aramco Entrepreneurship Ventures. Wahed is not known to have undergone any significant business pivots. The CEO, Junaid W, along with Zayan Yassin, leads the company as it aims to expand its offerings.Wahed Invest Limited primarily offers a suite of halal investing solutions aimed at facilitating access to Shari’ah-compliant financial products. The core service involves providing globally diversified investment portfolios that exclude any riba (interest) and ensure adherence to Islamic finance principles. Clients can choose portfolios based on their risk tolerance and investment goals, with the investment process streamlined through advanced technology that manages dividends, reinvestments, and rebalancing automatically. Wahed’s target clientele includes individuals seeking ethical investment options, particularly within markets such as the Middle East, Southeast Asia, and Western nations with significant Muslim populations. The firm's commitment to democratizing access to halal investment options caters to a diverse customer base, including novice investors and seasoned individuals looking for Shari’ah-compliant alternatives.Wahed Invest Limited generates revenue primarily through management fees charged on client accounts, specifically those under USD 250,000. The fee structure is designed to be competitive, positioning the service as an attractive option for clients aiming to grow their investments without incurring substantial costs. Transactions between Wahed and its clients typically involve a straightforward process where clients select a portfolio, fund their accounts, and the company handles the investment management. By utilizing technology to automate various aspects of the investment journey, Wahed enhances user experience while maintaining rigorous Shari’ah compliance. This operational model not only fosters client trust but also supports the firm's mission of providing equitable financial solutions.In November 2024, Wahed Inc. raised an undisclosed amount in venture funding from Qatar Development Bank. The company plans to utilize the funding to support its development and expansion strategies. Wahed aims to introduce new products and expand into key markets, with a focus on increasing its presence in regions with growing demand for halal investment options.

## Funding rounds

- Series B, Jun 16, 2022, $50M — Saudi Aramco Entrepreneurship Ventures
- Seed, Nov 1, 2017, $7M — Cue Ball Capital, BECO Capital

## Investors

- Cue Ball Capital (https://capitalatlas.ai/funds/cue-ball-capital) — Seed
- BECO Capital (https://capitalatlas.ai/funds/beco-capital) — Seed
- Saudi Aramco Entrepreneurship Ventures (https://capitalatlas.ai/funds/saudi-aramco-entrepreneurship-ventures) — Series B