Wahed
Ethical & Halal investment platform
- 201-500 employees
- Fintech
- B2C
- Investing
- Social Impact
- Midtown East, New York, NY
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Company mission
To make people’s lives better by reducing financial inequality and exclusion across the globe.
7% employee growth in 12 months
Our take
Many fintechs offer access to investing, letting users trade stocks, crypto, and other high-risk assets. But these platforms aren't always built around responsible investing, and for many Muslin users, they also raise concerns about earning returns from non-Halal sources.
Wahed provides an alternative: a Shariah-compliant investment platform focused on ethical, diversified portfolios. Through its robo-advisory tools, it helps users tailor investments to their financial goals while ensuring returns meet Islamic finance principles. With no lock-in periods and a focus on transparency, the platform is designed to make long-term, values-based investing more accessible.
While competition in fintech is intense, Wahed has carved out a clear niche by focusing on underserved Muslim investors. Its expanding its offerings too, including launching new Shariah-screened ETFs listed on the London Stock Exchange, covering global and US equities with strict ethical and financial screening. Alongside earlier backing from instituions like the Quatar Development Bank and features such as its Waqf endowment tool, signalling a shift toward building a larger, globally accessible Islamic investment ecosystem.
Kirsty
Company Specialist at Welcome to the Jungle
Funding (last 2 of 5 rounds)
Jun 2022
$50m
SERIES B
Nov 2020
$25m
SERIES A
Total funding: $115.2m
Leadership
Moshin Siddiqui
(CEO)Initially joined Wahed in 2023 as COO before moving into the role of CEO in 2024. Previously, Moshin was the CRO at ComplyAdvantage. They also spent 8 years at OANDA in various roles, including CCO.
Arif Shanji
(CTO)Arif joined Wahed in 2020 as a Senior VP of Engineering before moving into the role of CTO in 2023. Previously, they were the Director of Engineering at Perkbox and Head of Engineering at Kano Computing.
Umer Suleman
(Chief Risk Officer)Umer joined Wahed in 2021 as a GM before moving into the role of Global Head of Risk in 2022 and Chief Risk Officer in 2024. They are also a Board Member at the Islamic Finance Council UK. Previously, they spent over 7 years at HSBC in various roles, including Chief Control Officer.