Saudi Aramco Invests in Wahed Invest

Posted on 06/08/2020

New York-based Wahed Invest (Wahed Inc.) was founded by Junaid Wahedna in 2015. Wahed Invest is a robo-advisor aimed toward Muslim investors with a Sharia-compliant platform. In June 2020, the company raised US$ 25 million from Saudi Aramco, BECO Capital, and Cue Ball Group.

In March 2018, a mobile app was launched to manage halal investments.

Before founding Wahed, Junaid Wahedna worked as a financial analyst at M Capital Group.

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