Verified
Set up in 10 minutes
Downloaded the app, set up an account in like 10 minutes, started investing with $100. This is how halal investing should work for our generation.
Zaid L.NY
19 found helpfulIndependent provider profile on HalalWallet — products, fees, Shariah oversight, state availability, user reviews, and editorial rating. Published by HalalWallet (halalwallet.us).
Wahed Invest Review — Halal Finance Products
Reviewed by: HalalWallet Editorial Team•Last reviewed: 2026-03-09•Disclosure: Featured partners may compensate HalalWallet for clicks. Editorial policy and full disclosures.
Reviewed quarterly and updated for major content changes.
Wahed Invest offers halal financial products and services designed to align with Islamic principles. These options provide alternatives to conventional interest-based financial products, using structures like Murabaha, Ijara, and Musharakah.
Visit Wahed Invest Website
Opens provider's site — no obligation
HalalWallet 2026 Review
Wahed Invest — At a Glance
4.5/5
6
Products Reviewed
50
States Served
2
Categories
2015
Founded
Our Verdict
Wahed is a strong option for Muslim investors who want managed, hands-off halal portfolios. The HLAL ETF is also available as a standalone option through any brokerage. Check current advisory fees and minimums directly with Wahed, as these may change.
Pros & Cons
What We Like
- Hands-off halal investing — the robo-advisor handles portfolio construction, rebalancing, and compliance screening
- HLAL ETF (expense ratio: 0.50%) is one of the more liquid halal ETFs on U.S. exchanges
- Multiple account types including retirement accounts (IRA, Roth IRA)
- Named Shariah Advisory Board
- You can buy HLAL through any brokerage without a Wahed account
What Could Be Better
- Advisory fees for managed portfolios add to underlying fund expenses — verify current fee schedule with Wahed
- Limited portfolio customization in managed accounts
- HLAL's expense ratio (0.50%) is higher than some halal equity ETF alternatives
Who Is Wahed Best For?
Investors who want hands-off management
Set your risk level and Wahed handles the rest — screening, allocation, and rebalancing
Retirement savers needing halal IRA options
One of the few halal platforms offering Roth IRA, Traditional IRA, and other retirement accounts
Self-directed investors wanting HLAL
Buy HLAL through any brokerage (Fidelity, Schwab, etc.) without a Wahed managed account
Detailed Analysis
Wahed Invest launched in 2015 with the goal of making halal investing as easy as conventional robo-advisors. The platform builds portfolios from Shariah-compliant assets based on your risk tolerance and automatically rebalances.
Wahed's HLAL ETF (expense ratio: 0.50% per our data) tracks U.S. large-cap stocks screened for Shariah compliance. HLAL trades on NYSE Arca and can be purchased through any standard brokerage — you don't need a Wahed account.
For retirement savings, Wahed offers halal IRA and Roth IRA accounts. Verify current advisory fees, minimums, and account types directly with Wahed, as these details may change.
How It Works
Wahed operates as an SEC-registered investment advisor using a robo-advisory model. Your money is held at a custodian bank (not by Wahed), and Wahed manages investment decisions. The HLAL ETF follows FTSE Russell's Shariah screening methodology.
1
Create Account & Set Risk Profile
Sign up and answer questions about your investment goals and risk tolerance.
2
Fund Your Account
Deposit money via bank transfer. Check current minimums on Wahed's website.
3
Automated Portfolio Management
Wahed invests across halal assets and automatically rebalances when allocations drift.
4
Monitor & Withdraw
Track performance in the app. Withdraw anytime — verify any restrictions with Wahed.
Shariah Compliance Review
Oversight Level
Review details on provider's website
Wahed's Shariah Advisory Board includes named scholars who review investment holdings for compliance.
The HLAL ETF uses FTSE Russell's Shariah screening methodology, applying quantitative screens for business activity and financial ratios.
Shariah compliance should always be verified directly with Wahed Invest. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
How It Compares
Wahed competes with self-directed halal platforms and individual ETFs. The right choice depends on how hands-on you want to be.
vs. Zoya
Zoya is for self-directed investors who want to pick their own halal stocks. Wahed manages your portfolio for you. Choose Zoya for control; Wahed for convenience.
vs. Amana Funds
Amana offers halal mutual funds with the longest track record in the U.S. (since 1986). Available at Fidelity, Schwab, and Vanguard.
vs. SP Funds (SPUS)
SPUS has a lower expense ratio (0.45%) than HLAL (0.50%). Compare index methodology and performance.
Bottom Line
Wahed is a strong option for investors who want managed halal portfolios with retirement account support. If you prefer picking your own ETFs, buying SPUS or HLAL directly through a discount brokerage will save on advisory fees. Check current pricing and terms directly with Wahed.
Products from Wahed Invest
Wahed Invest
Wahed FTSE USA Shariah ETF
Nationwide
Get passive index exposure to US Shariah-compliant stocks
See pricing & terms
Opens provider site — no obligation
Wahed Invest
Wahed Dow Jones Islamic World ETF
Nationwide
Exposure to Shariah-compliant international (non-US) equities across developed and emerging markets
See pricing & terms
Opens provider site — no obligation
Wahed Invest
Wahed Invest Robo-Advisor
Nationwide
Craft an investment portfolio designed to align with your values and help you achieve your goals
See pricing & terms
Opens provider site — no obligation
Wahed Invest
Roth IRA
Nationwide
A retirement account where you contribute after-tax money, and qualified withdrawals in retirement are tax-free.
See pricing & terms
Opens provider site — no obligation
Wahed Invest
Traditional IRA
Nationwide
A retirement account where you can contribute pre-tax money and pay taxes later when you withdraw it.
See pricing & terms
Opens provider site — no obligation
Wahed Invest
SEP IRA
Nationwide
A retirement account for self-employed individuals or small business owners, allowing larger contributions than a Traditional IRA.
See pricing & terms
Opens provider site — no obligation
Where Available
Based on listings we track, Wahed Invest operates nationwide:
Nationwide availability
Availability may vary by product type. Always verify current availability directly with Wahed Invest.
How We Compare
- • We review publicly available information from providers, including Shariah compliance documentation.
- • We compare financing structures, total costs, down payment requirements, and state availability.
- • We prioritize providers that clearly explain their halal compliance rationale and operate with transparency.
- • We note which products are available nationwide versus regionally.
- • Learn more about our methodology.
Wahed Invest offers halal financial products that comply with Shariah principles, avoiding interest (riba) and prohibited industries. Their products are available in 1 state and include Investing, Retirement options.
- Wahed Invest offers Shariah-compliant financial products that avoid interest and prohibited industries.
- Products are available in 1 state: Nationwide.
- Product categories include Investing, Retirement.
- Always verify compliance directly with Wahed Invest and consult qualified Islamic finance advisors when needed.
- Compare Wahed Invest's products with other providers to find the best fit for your needs.
Important: HalalWallet provides educational information and comparisons to help you explore halal financial options. We do not provide financial, legal, or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-03-09
How to cite this page
Preferred format:
HalalWallet. “Wahed Invest Halal Finance Options.” HalalWallet, https://www.halalwallet.us/providers/wahed-invest. Accessed 2026-04-26.
For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
Related Guides
Frequently Asked Questions
What types of halal products does Wahed Invest offer?
Wahed Invest offers 6 products across 2 categories. Wahed Invest is best for investors who want hands-off management; retirement savers needing halal ira options; self-directed investors wanting hlal. Review the products listed above or contact Wahed Invest directly for current offerings.
How does Wahed Invest ensure Shariah compliance?
Wahed's Shariah Advisory Board includes named scholars who review investment holdings for compliance. The HLAL ETF uses FTSE Russell's Shariah screening methodology, applying quantitative screens for business activity and financial ratios.
How does Wahed Invest work?
Create Account & Set Risk Profile: Sign up and answer questions about your investment goals and risk tolerance. Fund Your Account: Deposit money via bank transfer. Check current minimums on Wahed's website. Automated Portfolio Management: Wahed invests across halal assets and automatically rebalances when allocations drift. Monitor & Withdraw: Track performance in the app. Withdraw anytime — verify any restrictions with Wahed.
Is Wahed Invest available in my state?
Wahed Invest operates nationwide, though specific products may have regional limitations. Always verify current availability directly with Wahed Invest.
What are alternatives to Wahed Invest?
Wahed competes with self-directed halal platforms and individual ETFs. The right choice depends on how hands-on you want to be. Zoya: Zoya is for self-directed investors who want to pick their own halal stocks. Wahed manages your portfolio for you. Choose Zoya for control; Wahed for convenience. Amana Funds: Amana offers halal mutual funds with the longest track record in the U.S. (since 1986). Available at Fidelity, Schwab, and Vanguard. SP Funds (SPUS): SPUS has a lower expense ratio (0.45%) than HLAL (0.50%). Compare index methodology and performance.
Are Wahed Invest's products more expensive than conventional options?
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
How do I contact Wahed Invest?
Contact information for Wahed Invest should be available through their website or the product listings above. Use the action links provided with each product to visit Wahed Invest's website or contact them directly for more information.
User Reviews for Wahed Invest
5 verified reviews
4.45 reviews
5★
2
4★
3
3★
0
2★
0
1★
0
Verified
Good app, want more account types
Good app, easy to use. Returns have been okay — nothing crazy but I'm in it for the long term. Wish they had more account types like a 529 or something.
Farah N.TX
12 found helpfulSet my risk level and let it work
The robo-advisor approach works well if you don't want to pick individual stocks. Set my risk level and let it do its thing. Rebalancing happens automatically.
Idris J.CA
6 found helpfulHalal Finance Score
How halal are your finances? Check all 7 categories in under 2 minutes.
Average score: 63/100
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