Islamic robo-advisor launches in UAE amid fintech push
Wahed, a global Shariah-compliant fintech, has launched in the UAE, as the country looks to further its ascendancy as an innovation hub.
The company said in a statement that it received its financial services permission (FSP) from Abu Dhabi Global Market’s regulatory authority.
Wahed will enable UAE-based customers to plow funds in diversified Shariah-compliant portfolios via its mobile app. The company has raised more than $75 million in funding from family offices, institutions and backers, including Dubai Cultiv8, international footballer Paul Pogba and UFC champion Khabib Nurmagomedov.
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