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
2
regulatory licences held by Wahed Invest
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
3 layers disclosed in Wahed Invest’s embedded-finance stack
Money movement
Banking / BaaS
in the full report
Lending
in the full report
Accounting gap: none
3 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.