Wahed Invest Review - Is This the Best Islamic Investing App for Muslims?
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- Опубликовано: 7 май 2024
- Wahed has become the most popular Islamic investing app. Not only has their been a recent global expansion of where Wahed offers its services but its made everyday Islamic investing possible millions of people around the world. In this video I conduct a thorough review of Wahed as an islamic finance investing app - making sure I cover is Wahed reliable, shariah compliant, good for beginners, the pitfalls as well as my overall opinion on the app.
🌙 ISLAMIC FINANCE PLAYLIST: • Islamic Finance
💰 Islamic Investing: www.wahedinvest.com/
Referral code: shakha87 - receive £10 when opening an account.
CAPITAL AT RISK - Always do your own research when it comes to investing. I am not a financial advisor and this video is purely for entertainment purposes only. All decisions are your own and decisions are made by you dependent on your personal circumstances.
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Note: All views are my own and do not represent my past or current employers. The video has been presented by a person qualified in Islamic Finance but always do your own research.
Great video allahumma baarik! I thought it was very balanced and you explained things really well - keep up the good work bro!
Thanks for the kind words and I’m liking your videos as well bro! There are a few minor negative points I want to say about Wahed as well but will share them in another video….this one got too long!
@ThatMuslimLife jazakallah khair, only just starting out and have a long way to go iA! Inspiring to see that there are brothers out like you already producing quality videos, it's a shame I've only just discovered your channel! I pray Allah places barakah in your endeavours
Excellent video.
Please also make video for jobian people to invest in short term options like 2 and 3 years. Thanks
Good idea. I will look into that!
Salaam! Jazakallahkhair for the informative video. I’ve been using Wahed for the past year and Alhamdulilah have had a 18% gain on my initial investment :)
I do plan to stick with them for the time being, but I wanted to ask; Do you suggest we stay with Wahed in the long term, keeping their relatively high fees in mind? Like you said in the video, it’s not much now, but in 10-20 years it can add up to hundreds of thousands of dollars.
I really do enjoy just depositing my money in the account and having it be invested and adjusted automatically, but if there is another low maintenance way where I could make the same results and pay less fees I would definitely want to pursue that.
Jazakallahkhair in advance!
Thank you for the wonderful video, it's very informative
But may I ask, so what's the difference between using wahed invest directly from their account and from buying their HLAL or UMMA from another brokerage like fidelity for example
The reason I ask, is that I want to open a custodial account for my child and wahed does not have that feature yet
The difference is, it's cheaper your way! You'd have to figure out the zakat value yourself as well
Hey few questions on the HSBC index funds breakdown
1 - Is tesla still considered halal as they sell alcohol now and give out loans
2 - In the light of the boycotts currently, isint investing so deeply into the american market go against the stance of disinvesting in genocide enabling markets ?
That’s a good question and it shows you’re thinking about the principles of Islamic finance a lot. The general criteria across finance rules is that as long as
Are ABR, NHI, FANG and IBM shares Halal?
Excellent video thanks. I’m not too sure which portfolio to invest in and how much… I do trade with HL and I can see some of the index funds on their website but obviously I won’t see any Sukuks etc
Id choose the portfolio as explained in the differing age section of the video. Can you not find Franklin templeton sukuks ?
@@ThatMuslimLife so I fall into the 2nd bracket as I’m 37. However I do want to make up for loss time so might consider Very Aggressive.
Just checked and they do in fact have that sorry. States fees over 5 yrs will be £395 at 1.45% for 5k (I have an Lifetime ISA with HL. Maybe it’s cheaper on non ISA platform?). That’s more than Wahed who state 1% but also £20 yearly fund fee totalling £350?
Personally I don't have a lifetime Isa as it's quite restrictive to me eg I can't withdraw till 60. Usual advice is to max out S&S Isa first. You can utilize s&s Isa on platforms like trading 213 which is very very cheap. 1.45% is very high...
I have created my own aggressive portfolio on trading 212 which I will be opening up for people to copy if they choose to
@@ThatMuslimLife I have Trading212 account too but yet to invest… let me check out the rates on that… yes please, that would be a good video to share 🙏👍
@@ThatMuslimLife Ive only opened a Lifetime ISA recently and have £300 in it. I don’t plan to invest much in this. Maybe £1k max a year.
Note to other viewers; a lifetime ISA is great value for money as the government tops up 25%! This can also go towards first time house buyers so if you’re under 39 definitely take one out!
“Who can open one? You're able to open a Lifetime ISA if you're aged between 18 and 39. You can save up to £4,000 each tax year, every year until your 50th birthday. The government will pay an annual bonus of 25% (capped at £1,000 p.a.) on any contributions you make.”
as an experienced investor id like to see your portfolio holdings please.
I’ll think about making a video on this
Assalam O Alaikum, Is there any contact information or any email, want to ask some questiones regarding CA qualification.
Jazakallah Khair.
Please see below link for contact details:shop.beacons.ai/tmlcareers_finance/2abe45a8-5203-4a2c-9734-6969919e41fa
Assalamalaikum sir iam from india can I also use wahed app
Walkum salaam I don't believe the app is available yet in India. However the Wahed index fund should be available for all to invest in
Anything for us Muslims in the Maldives?
i'll try and do some research