Is it halal to invest in Wahed Invest?

Q: I would like to know in the opinion of Al-Qalam if it is halal invest in Wahed Invest (https://wahedinvest.com/uk/).

A:

We do not have any oversight of the operations of Wahed Invest UK so we are not able to comment on whether their operations are truly Sharia compliant or not.

 

And Allah knows best.

Mufti Mohammed Zubair Butt

Chair, Al-Qalam Sharia Scholars Panel

Leave a Reply

Your email address will not be published. Required fields are marked *