Islamic robo-advisor Wahed Invest readies Malaysia launch with eye on Indonesia
KUALA LUMPUR - New York-based Islamic robo-advisor Wahed Invest confirmed last week it had obtained regulatory approval from Malaysia’s Securities Commission (SC) to offer digital investment management services in the country.
The firm told Salaam Gateway it will launch its flagship product, which allows users to invest in a diversified portfolio of equities, sukuk and gold, “very, very soon, in a matter of weeks” in Malaysia.
Speaking at a fintech event organised by the Securities Commission Malaysia in Kuala Lumpur on October 23, Wahed’s chief product officer said the start-up had also been setting up an office in Kuala Lumpur to serve as its base for Asia-Pacific.
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