Investing · Wahed Invest
Wahed Invest Robo-Advisor
Co-Founder & CEO, HalalWallet
Facts are re-verified against Wahed Invest's published materials; this page updates when the provider's terms, rates, or coverage change.
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.
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What is the Wahed Invest Robo-Advisor?
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. 49% above; portfolios rebalance automatically and the platform bundles zakat calculation and annual purification reporting.
- Contract structure: Robo-Advisor.
- Available in all 50 states.
- Shariah oversight disclosed: Third-Party Certified.
- HalalWallet Index grade for Wahed Invest in Investing: B+.
- Verified against Wahed Invest's published materials on 2026-08-13.
Source: HalalWallet (halalwallet.us)
Key facts
- Structure
- Robo-Advisor
- Program type
- Investment Platform
- Management fee
- 0.49% + $60/yr (<$100K); 0.49% ($100K+)
- Minimum investment
- $100
- Screening method
- AAOIFI standards
- Focus
- Automated Halal Portfolios
- Account types
- Individual, IRA, Roth IRA
- Availability
- all 50 states
- Shariah oversight
- Third-Party Certified
- Provider founded
- 2015
- Last verified
- 2026-08-13
Facts are taken from Wahed Invest's published product materials and were last verified on 2026-08-13. Fields the provider does not publish are omitted rather than estimated.
Our take
Wahed remains the reference platform for hands-off halal investing in the US: a real three-scholar Shariah board with Shariyah Review Bureau externally reviewing, published annual compliance reports, quarterly purification data, and account types (taxable plus Traditional, Roth, SEP, and Rollover IRAs) that cover most savers, all at a $100 entry. Pricing is fair at scale - 0.49% flat above $100K undercuts human advisers - but the $60 fixed fee makes small accounts genuinely expensive, and Manzil's 0.40% + $48 now undercuts it at most balances. Two structural honesty points: portfolios are built substantially from Wahed's own ETFs, and the SEC's 2022 order over the HLAL launch era showed what governance looked like before the current documentation existed. The platform that emerged from that episode is stronger for it; go in eyes open and adequately funded.
Strengths
- Fully automated halal portfolios matched to your goals
- Certified by the Shariyah Review Bureau (2024), with AAOIFI associate membership
- Supports individual, IRA, and Roth IRA accounts
- Available nationwide in all 50 states
Watch-outs
- The flat $60 stings small accounts: on $1,000 the all-in cost approaches 6.5% a year - fund it meaningfully or wait
- Model portfolios only - no individual stock selection or allocation tweaks
- SEC's February 2022 order (misleading statements, undisclosed conflicts around HLAL's launch, no written Shariah-compliance policies; $300,000 penalty) is recent history worth knowing
- Portfolios lean on Wahed's own ETFs, an inherent conflict the firm discloses
Is the Wahed Invest Robo-Advisor halal?
Wahed's robo-advisor avoids riba by construction rather than by workaround: all six risk tiers are assembled exclusively from Shariah-screened building blocks - Wahed's global and emerging-market equity ETFs, sukuk, gold, cash, and the KWIN alternative-income ETF, whose income comes from writing call options and buying puts on Shariah-compliant stocks instead of from lending. There are no conventional bonds and no interest-bearing instruments anywhere on the platform, and the published portfolio compositions let you verify the claim tier by tier. Equity screening excludes conventional finance, alcohol, tobacco, gambling, adult entertainment, weapons, and impure food stocks, plus companies failing debt and asset-backing tests; incidental impermissible income is quantified in published quarterly purification amounts with simple annual reporting, and a built-in zakat calculator estimates what's due on your Wahed balance. Governance runs through a named three-scholar Shariah Supervisory Board - Sheikh Sajid Umar, Sheikh Dr. Aznan Hasan (a sitting AAOIFI Shariah board member), and Sheikh Muhammad Ahmad Sultan - with Shariyah Review Bureau as external advisor and annual board audit reports published for every year from 2019 to 2024. The honest counterweights: the SEC fined Wahed $300,000 in February 2022 for misleading early marketing and absent written Shariah-compliance policies (consented without admitting or denying), the conservative tiers now lean heavily on KWIN, an options ETF launched only in November 2025, and the 0.49%-plus-$60 wrap fee is proportionally expensive under roughly $20,000.
Shariah oversight disclosed by Wahed Invest
Certified by Shariyah Review Bureau (SRB) (2024). Signed by Dr. Aznan Hasan (SRB).
HalalWallet reports the Shariah documentation a provider publishes. We do not issue certifications; consult a qualified scholar for a personal ruling.
What you get
- Six managed risk tiers built solely from Shariah-screened ETFs, sukuk, and gold - published asset mixes per tier
- $100 minimum; all-in wrap fee of 0.49% + $60/year, flattening to 0.49% at $100,000
- Quarterly purification amounts published, annual purification reporting, and a built-in zakat calculator
- Named three-scholar Shariah board, Shariyah Review Bureau external review, annual board reports published 2019-2024
- Taxable, Traditional, Roth, SEP, and Rollover IRA accounts under one dashboard
- Assets custodied in your name at Apex Clearing with SIPC protection up to $500,000
Cost and terms
Wrap fee: 0.49% of AUM + $60/year under $100,000; 0.49% flat at $100,000+ (verified on wahed.com/pricing 2026-08-05). $100 minimum. No deposit, withdrawal, or closure fees; underlying ETF expense ratios are extra, though Wahed states it does not double-charge on its own ETFs inside portfolios. Note: an older 0.79%/0.49% tier schedule still appears in the client agreement on the legal page.
How it compares
Other investing providers we list in the U.S., ordered by HalalWallet Index grade.
| Product | Structure | Shariah oversight | Availability | Grade |
|---|---|---|---|---|
| Wahed Invest Robo-Advisor (this page) | Robo-Advisor | Third-Party Certified | all 50 states | B+ |
| ShariaPortfolio Express | Wealth Management | Named Scholar | all 50 states | — |
| Manzil Trading (Self-Directed Halal Stock Trading) | Self-directed brokerage with real-time AAOIFI screening (Zoya) | Formal Board | all 50 states | A |
| SPFunds SP Funds S&P Global Technology ETF | Index-based | Third-Party Certified | all 50 states | B |
| Amana Developing World Fund (AMDWX) | Mutual Funds | Third-Party Certified | all 50 states | — |
Other Wahed Invest products
- Wahed Real Estate Fund
Investing · Zero-debt single-family rental fund (100% equity)
- Wahed Dow Jones Islamic World ETF
Investing · Index-based
- Roth IRA
Retirement · Robo-Advisor
- SEP IRA
Retirement · Robo-Advisor
- Traditional IRA
Retirement · Robo-Advisor
- Wahed FTSE USA Shariah ETF
Investing · Index-based
Where it's available
Wahed Invest lists the Wahed Invest Robo-Advisor as available in all 50 states.
Availability may vary by product and can change; verify with Wahed Invest before applying.
Frequently asked questions
Is the Wahed Invest Robo-Advisor halal?
Wahed's robo-advisor avoids riba by construction rather than by workaround: all six risk tiers are assembled exclusively from Shariah-screened building blocks - Wahed's global and emerging-market equity ETFs, sukuk, gold, cash, and the KWIN alternative-income ETF, whose income comes from writing call options and buying puts on Shariah-compliant stocks instead of from lending. Contract structure: Robo-Advisor. Shariah oversight disclosed by Wahed Invest: Third-Party Certified. HalalWallet reports what the provider documents; we do not certify products.
How does the Wahed Invest Robo-Advisor work?
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. 49% above; portfolios rebalance automatically and the platform bundles zakat calculation and annual purification reporting.
What does the Wahed Invest Robo-Advisor cost?
Wrap fee: 0.49% of AUM + $60/year under $100,000; 0.49% flat at $100,000+ (verified on wahed.com/pricing 2026-08-05). $100 minimum. No deposit, withdrawal, or closure fees; underlying ETF expense ratios are extra, though Wahed states it does not double-charge on its own ETFs inside portfolios. Note: an older 0.79%/0.49% tier schedule still appears in the client agreement on the legal page.
What are the minimums for the Wahed Invest Robo-Advisor?
As published by Wahed Invest: minimum investment $100. Confirm current requirements with Wahed Invest before applying.
Where is the Wahed Invest Robo-Advisor available?
Wahed Invest lists this product as available in all 50 states. Availability can change and may differ by state; verify directly with Wahed Invest.
What are the alternatives to the Wahed Invest Robo-Advisor?
In the same category we also list ShariaPortfolio Express, Manzil Trading (Self-Directed Halal Stock Trading) (HalalWallet Index A), SPFunds SP Funds S&P Global Technology ETF (HalalWallet Index B). Compare every option side by side on our Halal Investing hub.
When was this Wahed Invest product information last verified?
HalalWallet last verified the Wahed Invest Robo-Advisor details against Wahed Invest's published materials on 2026-08-13. Rates, fees, and availability can change after that date.
How to use this comparison: HalalWallet is an independent educational comparison platform - by design, we do not provide financial, legal, or religious advice. We do the research homework so your final checks are quick and personal.
Product structures and Shariah oversight vary by provider, so finish with three built-in steps:
- Confirm current terms and halal compliance directly with the provider - their quote is final.
- Review the contract structure (Murabaha, Ijara, Musharakah, etc.) and any disclosed Shariah board opinions.
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Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-08-13
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