Is Wahed invest regulated in UK?

Posted on Fri 13 May 2022 in Invest

Wahed is authorised and regulated by the Financial Conduct Authority (“FCA”), 12 Endeavour Square, London, E20 1JN. Our address is 50 Liverpool Street, London, EC2M 7PY.

Is Wahed invest trustworthy?

Yes, Wahed Invest is legit. It is one of the seven licenced roboadvisory platforms in Malaysia, and the only Syariah-compliant option.

Is it easy to withdraw money from Wahed invest?

To withdraw funds, you must login to your Wahed account and simply follow the instructions. This a step-by-step guide: Click on Funding> Withdraw Funds> Fill the amount you wish to withdraw (minimum is $100)> Enter your bank details> Confirm the transaction.

What is Wahed investor worth?

Wahed operates in 130 countries and has offices in Washington D.C, New York, London and Dubai. According to CNBC, it has a valuation of $100 million.

Is Wahed invest an ISA?

Please note, we only offer Stocks and Shares ISAs. You can only pay into one Stocks and shares ISA in each tax year, but you can open a new ISA with a different provider each year if you want to.

Is Wahed shariah compliant?

The order also finds that Wahed Invest marketed itself as providing advisory services compliant with shariah laws, including marketing the importance of its income purification process on its website.

Is Wahed invest a mutual fund?

We invest in exchange-traded funds and mutual funds to keep the costs as low as possible for you. The Investment Fund Costs are the fees that these funds charge, which will be reflected in the funds' prices. You are not charged these fees by Wahed.

Is Wahed an ETF?

Wahed FTSE USA Shariah ETF shares may be bought and sold on an exchange through a brokerage account. Brokerage commissions and ETF expenses will reduce investment returns. There can be no assurance that an active trading market for ETF shares will be developed or maintained.

How long does it take to withdraw from Wahed?

Withdrawals can take up to 8 business days (not including Saturdays, Sundays and Public holidays) before the requested fund is reflected in your bank account. This is mainly due to the time it takes for trades to be cleared and settled once your withdrawal request has been processed.

How long does a Wahed deposit take?

It usually takes 1-3 business days, for FPX deposits. For direct debit deposits, the initial transfer may take around 6-8 business days to be reflected in your account. Subsequent payments will only take 1-2 business days from the day they get deducted from your bank account.