Wahed, a London, UK-based Shariah-compliant fintech company, received an investment from Qatar Development Bank.

The amount of the deal was not disclosed.

The company intends to use the funds to expand operations and its development efforts.

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made inroads in the world Shariah compliant investing by creating a digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments.

Wahed caters to over 400,000 customers globally and manages over $ 1 Billion in assets.

FinSMEs

26/11/2024