Wahed

Wahed Invest Ltd is a UK Shariah-compliant investment platform, directly authorised by the FCA (FRN 833225, since 30 January 2020). It runs a robo-advisor model with Shariah-screened global equities, sukuk and gold, and separately markets higher-risk real-estate and venture products. Wahed said in May 2026 that it had passed $2bn in assets under management across its global entities (its blog).

Investors complete a risk-profiling questionnaire and are allocated to one of several risk-tiered portfolios (Very Conservative through Very Aggressive) of Shariah-screened assets. Wahed manages allocations and rebalancing on a discretionary basis. Holdings are screened by an independent Shariah board.

Fees: a tiered annual platform fee billed monthly: 1% p.a. up to £250k (or a flat £2.99 a month if that is higher), 0.75% p.a. from £250k–£1m, 0.5% p.a. above £1m. Fund-level costs and market spreads apply on top and are reflected in fund prices. A SIPP carries an extra £2.50 monthly maintenance fee.

Reported historical returns (Feb 2021–Jan 2026, firm-provided): Very Aggressive portfolio 10% p.a.; Moderate portfolio 6% p.a. Historical, not forward-looking. The minimum to open an account and start investing is £50 (its FAQ, September 2026).

Retail investors seeking Shariah-compliant, faith-based portfolios, or ethically minded investors comfortable with the screening rules (no conventional interest-bearing bonds, no alcohol/gambling exposure). Real-estate and venture products are illiquid and higher-risk — treat separately from the managed portfolios.

The UK entity is directly FCA-authorised. Client assets are held with a custodian on a segregated basis under FCA rules. FSCS does not protect against market losses; cover for money or certain investment losses depends on the exact custody and contractual arrangements — check current documents. Note that the US affiliate Wahed Invest LLC has two settled SEC actions (Feb 2022, $300k and Nov 2024, $250k) relating to marketing, disclosure and compliance failings; the firm has stated these relate to the US business rather than the UK entity, but they are relevant to due diligence.

On 8 January 2025 the Advertising Standards Authority upheld 75 complaints that six Wahed Invest Ltd posters on Transport for London services, showing US dollar and euro banknotes on fire, were offensive, and ruled that the ads must not appear again (complaint ref. G24-1262171).