Wahed launches robo-advisor in the UAE

Wahed Invest, the robo-advisory subsidiary of US-based, shariah-compliant fintech Wahed, has launched in the UAE.

The launch follows the granting of a financial services permission licence from the Financial Services Regulatory Authority of Abu Dhabi Global Market.

Wahed Invest claims that the service will be the first “dedicated Islamic digital investment management platform” in the UAE.

“We consider the UAE our home,” said Junaid Wahedna, chief executive at Wahed Inc.  

“We are committed to contributing to an increase in the savings culture amongst the youth and professionals in a safe and shariah-compliant manner, in line with the cultural values of the UAE”.

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