Wahed Invest gains $8m funding

Wahed Invest gains $8m funding

Wahed Invest gains $8m funding from existing investors

  • Wahed Invest is an America-based Halal-focused investment firm aimed toward Muslim investors with a Sharia-compliant platform
  • The company received funding from Cue Ball Capital, and BECO Capital thereby brings its total funding to over $15 million since inception
  • The company aims to accelerate development of a global savings solution and international expansion
  • Wahed aspires to lead innovation in the growing Islamic Finance sector and provide a non-lending-based savings solution to the 1.5 billion Muslims worldwide
  • Wahed Invest plans to launch next in the UAE, the wider GCC region and ASEAN markets in second phase
  • The firm has a full-time Ethical Review Board to comply to Islamic principles