Wahed Invest Review

Wahed's SEP IRA gives self-employed Muslims and small-business owners the higher contribution ceilings of an employer-funded retirement plan with fully halal contents: the same six managed risk tiers as Wahed's core robo service, built from Shariah-screened Wahed equity ETFs, sukuk, gold, and the KWIN alternative-income ETF. Accounts open from $100, accept rollovers from prior employer plans (401(k)/403(b)/457) and IRA transfers, and sit in the client's name at Apex Clearing with SIPC protection. Compliance runs through Wahed's three-scholar Shariah board with Shariyah Review Bureau as external advisor and quarterly purification reporting.

The Wahed Real Estate Fund, launched April 30, 2026, is the first Shariah-compliant single-family residential real estate fund in the US open to non-accredited investors. From $100 (10 shares), investors get pooled exposure to a professionally managed portfolio of single-family rental homes, initially concentrated in Texas, North Carolina, and Michigan, building toward a $75 million target portfolio. Every property is acquired with 100% equity: zero debt, zero leverage, no lender claim at any level, versus the 30-35% debt ratios many 'Shariah-compliant' real estate structures permit. Returns come from quarterly rental income distributions plus long-term property appreciation, with a stated target of 5-7% annual net returns.

Wahed's Traditional IRA delivers tax-deferred halal retirement saving through the platform's managed portfolios: pre-tax (or deductible) contributions grow untaxed until withdrawal, invested across six risk tiers of Shariah-screened Wahed equity ETFs, sukuk, gold, and the KWIN income ETF. Accounts activate from $100, accept rollovers from employer plans and transfers from other IRAs, and hold assets in the client's name at Apex Clearing with SIPC protection. Governance includes three named board scholars, Shariyah Review Bureau external review, published annual reports, quarterly purification amounts, and a built-in zakat calculator.

Wahed's robo-advisor is the most established automated halal investing platform in the US: an SEC-registered adviser (founded 2015, New York) running six managed risk tiers built exclusively from Shariah-screened components - Wahed's own equity ETFs, sukuk, gold, and the KWIN alternative-income ETF - from a $100 minimum. The all-in wrap fee is 0.49% plus $60/year below $100,000, flattening to 0.49% above; portfolios rebalance automatically and the platform bundles zakat calculation and annual purification reporting. Compliance runs through a three-scholar Shariah board with Shariyah Review Bureau as external advisor and published annual board reports.

Wahed's Roth IRA wraps the platform's managed halal portfolios in the US tax code's most generous retirement structure: after-tax contributions, tax-free qualified withdrawals, and contributions accessible without penalty. From a $100 minimum, savers get one of six risk tiers built from Shariah-screened Wahed equity ETFs, sukuk, gold, and the KWIN income ETF, automatically rebalanced, with assets held in their own name at Apex Clearing (SIPC-protected). The compliance file includes a three-scholar Shariah board, Shariyah Review Bureau external review, published annual board reports, and quarterly purification amounts.

HLAL is Wahed's flagship US-equity Islamic ETF: Nasdaq-listed since July 16, 2019, passively tracking the FTSE Shariah USA Index - large and mid-cap US stocks screened by Yasaar Limited and certified through fatwa - at a 0.50% total expense ratio. It has grown to roughly $752M, making it the second-largest halal ETF after SPUS, with quarterly rebalancing, annual distributions, and quarterly purification amounts published on the fund page. The fund carries its own Shariah certificate plus published Shariah Supervisory Board reports covering 2021 through 2024, with U.S. Bank as custodian.

UMMA is the international half of Wahed's ETF pair: Nasdaq-listed since January 7, 2022, actively managed in loose reference to the Dow Jones Islamic Market International Titans 100 Index, holding roughly 100 Shariah-compliant large caps across developed and emerging markets outside the US. Wahed markets it as the first US-listed Islamic ETF to formally incorporate ESG data into investment decisions. The 0.65% total expense ratio buys quarterly distributions, quarterly purification amounts published on the fund page, a per-fund fatwa, and published Shariah Supervisory Board reports for 2022 through 2024.