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Wahed InvestUNVERIFIED PLATFORM
UNVERIFIED PLATFORM
Wahed Invest
Wahed Invest is an America-based Halal-focused investment firm. It is the first robo-advisor aimed toward Muslim investors with a Sharia-compliant platform.
UNVERIFIED PLATFORM
Highlights
+2.59%
Asset Class Return•30d
#37 Rank
In Robo Advisor•30d
Invest from
$100
Overview
Invest in line with your beliefs. Wahed Invest LLC. (“Wahed”) is an online investment advisor that aims to provide an efficient and halal investment platform. Their platform will allow investors from all income brackets to invest their savings ethically and efficiently. A halal investment fund is one that is structured in accordance to Islamic principles and Wahed is Shari'ah compliant. Their firm, and all the securities they trade are monitored by their Shariah Review Board, Shariyah Review Bureau. All securities chosen by Wahed undergo a rigorous screening process in which their management team and ethical scholars work together to tailor portfolios with the goal of providing attractive investment returns. They help you choose a risk level that's right for you. Once you fund your account, they'll do all the heavy lifting so you can focus on what matters to you.
Things to Know
You make money on
Value + Dividends
Fees
0.49%
Min Investment
$100
Payout frequency
Quarterly
Term of investment
Zero
Target Return
7% - 10%
Liquidity
Moderate
Open to
All Investors
Mobile Application
iOS, Android
Top Perks
$100 account minimum.
Invest in line with your faith.
No lock-in: Withdraw or deposit anytime
Other ways to invest in Robo Advisor
How you make money
Through a customized portfolio based on risk profile and asset allocation you will earn money through stock price appreciation and dividends paid from the companies you invest into. For reference: according to historical records, the average annual return from the S&P Index since its inception in 1926 through 2018 is approximately 10%–11%. The average annual return since adopting 500 stocks into the index in 1957 through 2018 is roughly 8%. Adjusted for inflation, the historical average annual return is around 7%. However, it's important to note that each Robo has their own investment strategy that can influence returns.
How Wahed Invest makes money
Wahed charges a single fee for all our services, which is inclusive of management, custodian and transaction fees. It is a percentage of your account size and ranges from 0.49% to 0.79% per year. You will never be charged for having an open account with a $0 balance.
Is it safe?
Unlike FDIC insurance for banks, SIPC does not protect against loss of principal due to movements in the market value of your securities. However, your investment is insured up to $500,000 per account type against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SIPC-member brokerage firm. Your account is insured through our trusted broker/custodian, Apex Clearing Corporation, a member of the Security Investor Protection Corporation. For details, please see www.sipc.org.
Established
2015
Country Available
Worldwide
Assets Managed
n/a
How You’re Taxed
Capital Gains
As with any stock realized stock gains, investors are subject to capital gains tax. If gains are realized within one year, you are taxed at your income tax rate. If gains are realized after one year, you are subject to a long-term capital gains tax of 0% to 20%. A common service that some robo-advisors offer through their systems is automatic tax-loss harvesting. Tax-loss harvesting is a deliberate strategy whereby any loss from the sale of a security in a taxable account is used to offset a capital gain or taxable income, thereby reducing the tax paid.
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