Investing · Wahed Invest
Wahed Real Estate Fund
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.
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.
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What is the Wahed Real Estate Fund?
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.
- Contract structure: Zero-debt single-family rental fund (100% equity).
- 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
- Zero-debt single-family rental fund (100% equity)
- Program type
- Real Estate Fund
- Management fee
- 0.75% of AUM annually + 3% sourcing fee per property acquisition; no performance fees
- Minimum investment
- $100 (10 shares); no accredited investor requirement; open to US residents 18+ with a US bank account
- Screening method
- Structural compliance rather than stock screening: zero-debt policy (100% equity acquisitions), income solely from residential rent and appreciation, SRB-certified with ongoing internal monitoring
- 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
The Wahed Real Estate Fund solves a real problem: until now, Muslim Americans wanting residential real estate exposure needed either an interest-based mortgage, a halal financing contract on a single property, or accredited status for private funds like Deenvest. This fund removes all three barriers at once with a $100 minimum, and its zero-debt structure is stricter than most halal-labeled real estate products on the market. The trade-offs are typical of non-traded real estate: locked-up liquidity (six-month hold, two redemption windows a year, tiered exit fees), a 3% acquisition fee that stings while the portfolio is being built, and a return target that is only a target. For investors who understand they are buying a long-term income asset rather than a liquid security, it is the most accessible genuinely structured halal real estate vehicle in the US.
Strengths
- Genuine structural differentiation: zero-debt model, versus the 30-35% leverage many halal-labeled real estate products carry
- Radically accessible: $100 minimum with no accredited-investor requirement, in an asset class that usually demands either a mortgage or accredited status
- Named, independent certification (Shariyah Review Bureau) plus internal scholar monitoring, with the certificate published
- Quarterly income mechanics are spelled out plainly, including the up-to-120-day first distribution and proration
- Managed by the largest US halal investing platform (SEC-registered Wahed Invest, founded 2015) rather than a startup sponsor
- No performance fees; the 0.75% management fee is clearly disclosed
Watch-outs
- Illiquid by design: six-month minimum hold, then only semi-annual redemption windows with tiered exit fees and a 10%-of-NAV per-cycle cap
- The 3% property sourcing fee is a meaningful drag on top of the 0.75% annual fee, especially in the fund's acquisition-heavy early years
- Young fund with a short track record: launched April 2026, initially concentrated in three states (TX, NC, MI)
- The 5-7% net return target is a projection, and distributions depend on occupancy and operating costs
- Requires the Wahed app and ecosystem; not available through outside brokerages
Is the Wahed Real Estate Fund halal?
The fund's compliance rests on a zero-debt foundation: all acquisitions are 100% equity-financed with no riba-based financing anywhere in the structure, and all returns derive from permissible sources (residential rent after operating expenses, and appreciation). Shariah oversight operates at two levels: the Shariyah Review Bureau (SRB), an independent international certification body, has reviewed and certified the fund and monitors it on an ongoing basis, while Wahed's internal Shariah team of qualified scholars (including Mufti Muhammad Mansoor Kursiwala as Shariah risk analyst) reviews new acquisitions and evolving operations. An official Shariah certificate is published on the fund page.
Shariah oversight disclosed by Wahed Invest
Certified and continuously monitored by the Shariyah Review Bureau (SRB), with ongoing review by Wahed's internal Shariah team; zero-debt, 100% equity structure with no interest at any level.
HalalWallet reports the Shariah documentation a provider publishes. We do not issue certifications; consult a qualified scholar for a personal ruling.
What you get
- First Shariah-compliant single-family residential fund in the US open to non-accredited investors (launched April 30, 2026)
- Zero debt at every level: 100% equity-financed acquisitions, no leverage, no lender claims
- Quarterly rental income distributions paid to your bank account, proportional to your shares
- $100 minimum (10 shares) through the Wahed app
- Targets $300K-$1M homes in markets with strong job growth, starting in Texas, North Carolina, and Michigan
- Certified by the Shariyah Review Bureau with a published Shariah certificate and ongoing internal monitoring
- Structured liquidity: semi-annual redemption windows (July and December) after a six-month hold
- Building toward a $75 million diversified portfolio of single-family rentals
Cost and terms
Minimum $100 (10 shares). Annual management fee 0.75% of assets under management plus a 3% sourcing fee on each property acquisition; no performance fees or hidden costs (verified on the fund page and fee guide 2026-08-05). Quarterly rental distributions credited to your bank account; the first distribution can take up to 120 days and mid-cycle investments are prorated. Liquidity: after a six-month holding period, semi-annual redemption windows open in July and December (requests due one month ahead), processed at NAV with a tiered fee schedule based on holding period and a 10%-of-your-NAV cap per cycle, first-come first-served. Target 5-7% annual net returns (not guaranteed). Full terms in the Offering Circular.
How it compares
Other investing providers we list in the U.S., ordered by HalalWallet Index grade.
| Product | Structure | Shariah oversight | Availability | Grade |
|---|---|---|---|---|
| Wahed Real Estate Fund (this page) | Zero-debt single-family rental fund (100% equity) | Third-Party Certified | all 50 states | B+ |
| 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 World ETF | Index-based | Third-Party Certified | all 50 states | B |
| Amana Income Fund (AMANX) | Mutual Funds | Third-Party Certified | all 50 states | — |
| Musaffa Halal Stock Screener | Stock Screener | Formal Board | all 50 states | — |
Other Wahed Invest products
- Wahed Dow Jones Islamic World ETF
Investing · Index-based
- Wahed Invest Robo-Advisor
Investing · Robo-Advisor
- 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 Real Estate Fund 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 Real Estate Fund halal?
The fund's compliance rests on a zero-debt foundation: all acquisitions are 100% equity-financed with no riba-based financing anywhere in the structure, and all returns derive from permissible sources (residential rent after operating expenses, and appreciation). Contract structure: Zero-debt single-family rental fund (100% equity). Shariah oversight disclosed by Wahed Invest: Third-Party Certified. HalalWallet reports what the provider documents; we do not certify products.
How does the Wahed Real Estate Fund work?
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.
What does the Wahed Real Estate Fund cost?
Minimum $100 (10 shares). Annual management fee 0.75% of assets under management plus a 3% sourcing fee on each property acquisition; no performance fees or hidden costs (verified on the fund page and fee guide 2026-08-05). Quarterly rental distributions credited to your bank account; the first distribution can take up to 120 days and mid-cycle investments are prorated. Liquidity: after a six-month holding period, semi-annual redemption windows open in July and December (requests due one month ahead), processed at NAV with a tiered fee schedule based on holding period and a 10%-of-your-NAV cap per cycle, first-come first-served. Target 5-7% annual net returns (not guaranteed). Full terms in the Offering Circular.
What are the minimums for the Wahed Real Estate Fund?
As published by Wahed Invest: minimum investment $100 (10 shares); no accredited investor requirement; open to US residents 18+ with a US bank account. Confirm current requirements with Wahed Invest before applying.
Where is the Wahed Real Estate Fund 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 Real Estate Fund?
In the same category we also list Manzil Trading (Self-Directed Halal Stock Trading) (HalalWallet Index A), SPFunds SP Funds S&P World ETF (HalalWallet Index B), Amana Income Fund (AMANX). 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 Real Estate Fund 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.
- Bring your shortlist to a qualified Islamic finance advisor or scholar, so the conversation is about your situation, not the basics.
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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