Wahed Invest
“Can a Shariah-compliant digital investing platform evolve into a global Islamic financial services ecosystem spanning investing, real estate, and banking?”
Founded2015
HQNew York, NY, United States
FoundersJunaid Wahedna
Total raised$115M
Latest roundSeries B (led by Saudi Aramco's Wa'ed Ventures, $25M)
IndustryFintech / Investment
The story
Founded 2015 as a Shariah-compliant robo-adviser for retail Muslim investors, Wahed has expanded from automated portfolios into halal ETFs (HLAL, UMMA, KWIN), pensions, ventures/crowdfunding, and US fractional real estate. Public statements indicate ambitions toward digital Islamic banking, though core product remains regulated investment management with WealthKernel as UK custodian.
Product timeline
2015
Wahed Invest founded by Junaid Wahedna in New York· founding
2016
Launched 'world's first automated Islamic investment platform' (robo-adviser)· banking
2019
Listed HLAL ETF (FTSE USA Shariah) on Nasdaq· product
2020
$25M Series funding led by Saudi Aramco's Wa'ed Ventures· funding
2024
Launched Wahed Real Estate (US single-family homes and Real Estate Fund)· product
2025
Crossed $2B in AUM; second billion added in just over a year· milestone
Regulated entities
Registered Investment Adviser
US SEC
Wahed Invest LLC
FCA authorised
UK FCA
Wahed Invest Ltd
The stack
Banking / BaaS
Lending
Wahed Invest LLC (in-house)Internal facility agreement to Wahed Real Estate Series 1 LLC (intercompany financing for real estate fund)
Accounting gap: none