Malaysia’s Securities Commission (SC) has approved Malaysia’s 1st Islamic Robo Advisory Wahed Invest.
Updated: Jan 10, 2021
Contents
About Wahed Invest
- Malaysia’s 3rd, and 1st Islamic SC approved digital wealth manager.
- US-based Halal-focused investment firm aimed toward Muslim investors with a Shariah-compliant platform headquartered in New York.
- Founded in May 1, 2015 by Junaid Wahedna starting operations in US, UK, and planning to expand in middle east, Asia and internationally.
- Malaysian listed address in Mont Kiara, Kuala Lumpur under Wahed Technologies Sdn Bhd.
Wahed Invest in Malaysia
- Positioned as ethical Halal investing with full-time ethical review board and purification methodology requiring investment income from unlawful activities to be given away to charity.
- Fractional investing with min RM100 investment and no lock-in fees.
- Portfolio invested in a group of securities primarily across stocks and sukuks (Islamic bonds).
- 6 risk profiles
- Very Aggressive: 85.0% equity, 12.5% fixed income, 2.5% cash
- Aggressive: 62.5% equity, 25.0% fixed income, 10.0% commodities, 2.5% cash
- Moderately Aggressive: 52.5% equity, 35.0% fixed income, 10.0% commodities, 2.5% cash
- Moderate: 35.0% equity, 55.0% fixed income, 7.5% commodities, 2.5% cash
- Moderately Conservative: 17.5% equity, 75.0% fixed income, 5.0% commodities, 2.5% cash
- Very Conservative: 90.0% fixed income, 10.0% cash
| Portfolio Types | Malaysia Stocks | US Stocks | Sukuk | Gold | Cash | Past Performance |
|---|---|---|---|---|---|---|
| Very Aggressive | 20.0% | 65.0% | 12.5% | 0.0% | 2.5% | 11.35% |
| Aggressive | 17.5% | 45.0% | 25.0% | 10.0% | 2.5% | 9.52% |
| Moderately Aggressive | 15.0% | 37.5% | 35.0% | 10.0% | 2.5% | 8.89% |
| Moderate | 12.5% | 22.5% | 55.0% | 7.5% | 2.5% | 7.74% |
| Moderately Conservative | 5.0% | 12.5% | 7.5% | 5.0% | 2.5% | 6.84% |
| Very Conservative | 0.0% | 0.0% | 90.0% | 0.0% | 10% | 5.23% |
- 2 tier fees structure
- 0.79% p.a. fees for RM100 – RM499k
- 0.39% p.a. fees for RM500k and above
Note: Investment funds used has own fees not included above
- Launched Wahed FTSE USA Shariah ETF with passive index exposure to US Shariah-compliant stocks on NASDAQ under ticker HLAL which is the underlying US ETF.
- 2021 January major upgrade Wahed V2.0 with enhanced user experience
- Multiple portfolios in one Wahed account
- All new concept for your performance graphs
- Personalize your portfolios with cool nicknames and icons
- Set savings targets to be able to plan for your future
- Smart deposit suggestions
- Revamped portfolio summary
- If you have 2 or more active portfolios (RM100 or above), there is now a minimum monthly fee of RM2.50 per month (RM30 p.a.). This means if your active portfolio has less than RM3798, you will be paying a higher wrap fee than 0.79% due to the minimum charge. The other wrap fees remain the same:
- 0.79% p.a. fees for RM100 – RM499k
- 0.39% p.a. fees for RM500k and above
Signup for Wahed Invest in Malaysia
The signup process is a simple process including the following details:
- First & Last Name
- Email Number (requires verification)
- Address
- Mobile Number (requires OTP verification)
- Upload of MyKad (or other verification document)
- Verification using camera & microphone
Funds Transfer
- Funds transfer can be done via FPX or wire transfer
Wahed Invest Promo Code: STEYON1
RM20 on successful signup with min RM100 investment with promo code STEVYON1 (Previously RM40 before Feb 24, 2020)
FAQ
Q: How often can I change my Wahed Invest risk profile?
A: You can change your Wahed Invest risk profile once every 3 months. There are no charges for switching.
You May Also Like
- Wahed Invest official site (wahedinvest.com)
- Wahed Invest product disclosure (wahedinvest.com)
- Wahed FTSE USA Shariah ETF (wahedinvest.com)
- Malaysia’s 1st Robo Advisory StashAway
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