Qatar Development Bank has announced the signing of an investment agreement with Wahed, a company specializing in providing advisory and guidance services for Muslim investors, without disclosing the investment amount.
Founded in 2017, Wahed is a licensed company in the United Arab Emirates and supported by several regional investors. In January 2022, the company raised $25 million in a funding round led by Wa’ed along with BECO Capital. Later in June of the same year, Wahed secured an investment of $50 million, also led by Wa’ed.
Wahed is a digital investment platform compliant with Islamic Sharia law, offering access to diversified investment portfolios for residents in the UAE, UK, USA, and Malaysia.
