Wahed Advances Sharia-compliant Finance with New Investment
Wahed, a fintech company based in London, UK, has recently made significant strides in the world of Shariah-compliant finance. The company has attracted investment from Qatar Development Bank, although the exact amount of the investment remains undisclosed. This strategic move is set to bolster Wahed's mission of expanding its operations and enhancing its development initiatives. With the backing of Qatar Development Bank, Wahed aims to accelerate its growth and further establish its presence in the financial technology landscape, catering to a broader audience seeking ethical investment opportunities.
Founded in 2015, Wahed has positioned itself as a pioneering force in advancing financial inclusion through innovative solutions that promote accessible and affordable investing.
The company's commitment to values-based investing is evident in its digital platform, which offers a diverse range of Shariah-compliant investment products. These include managed portfolios, as well as opportunities in both the venture capital and real estate sectors. By focusing on Shariah compliance, Wahed has successfully tapped into a niche market that is often overlooked by traditional financial institutions, providing products that align with the ethical and moral values of its clientele.
Today, Wahed proudly serves over 400,000 customers across the globe and has amassed more than $1 billion in managed assets. This impressive growth reflects the company’s ability to resonate with individuals who seek to invest their money in a manner that adheres to their beliefs and values. The collaboration with Qatar Development Bank is expected to further enhance Wahed’s capabilities, allowing it to innovate and expand its services while simultaneously reinforcing its commitment to Shariah-compliant investing. As the demand for ethical investing continues to rise, Wahed is well-positioned to lead the way in creating inclusive financial solutions for a diverse clientele.
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