Wahed has surpassed US$2 billion in assets under management across its global entities, just over a year after crossing the US$1 billion mark.
The Islamic fintech firm attributed the milestone to growing demand for Shariah-compliant digital investing among retail investors seeking products aligned with their faith and values.
Wahed began as a digital investment platform focused on halal investing.
It now aims to build a broader financial ecosystem that supports saving, investing, spending and long-term financial planning through products based on Islamic finance principles.
Access to Shariah-compliant financial products remains uneven across markets.
In some countries, options are limited, while in others they can be difficult to understand, costly or not designed for digital-first users.
Wahed sees Islamic fintech as a way to close this gap by simplifying access, improving transparency and supporting financial education through digital platforms.
The company is also working toward what it describes as the first global asset-backed bank.
Its model focuses on transparency, real economic activity, responsible risk-sharing and a clear link between financial products and underlying assets.
Wahed added that the US$2 billion AUM milestone supports its longer-term plan to expand beyond investment products and build a more accessible Shariah-compliant financial platform for Muslims and values-led consumers globally.
The company will continue to invest in product development, financial education and partnerships as it expands access to Islamic investing across its markets.
Wahed Technologies Sdn Bhd is licensed by the Securities Commission Malaysia as a Digital Investment Manager and is authorised to provide automated portfolio management services.
It also has regulated entities in the United States, Nigeria and Abu Dhabi Global Market in the UAE.
Featured image: Edited by Fintech News Malaysia, based on image by mrsiraphol via Magnific
