Wahed
Halal investing + banking features.
- Who holds it
- A registered broker-dealer holds your cash and securities as client assets — SEC-registered investment adviser; broker/custody via Apex Clearing (FINRA/SIPC).
- The ledger
- The broker’s books, under client-asset rules.
- If it fails
- Client assets are returned or transferred, protected up to the investor-protection scheme’s limit.
Derived from Wahed’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · faith-based |
| HQ | New York, US |
| Founded | 2015 |
| Custody | Custodial |
| Regulation type | Broker-led |
| License detail | SEC-registered investment adviser; broker/custody via Apex Clearing (FINRA/SIPC) |
| Card | Visa · Debit (US) |
| Yield | Halal portfolios |
| Stablecoins | No |
| KYC | Yes |
| Countries | United States, United Kingdom, Malaysia |
| Founders | Junaid Wahedna |
| Funding | ~$75M raised |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @WahedInvest ↗
Common questions about Wahed
What is Wahed?
Wahed is a fiat neobank built for faith-based, headquartered in New York, US and founded in 2015. Your money is held custodially, so Wahed or its partner bank holds the balance and you hold a claim on it. It is regulated as broker-led (SEC-registered investment adviser; broker/custody via Apex Clearing (FINRA/SIPC)).
Does Wahed have a card, and where can you use it?
It issues a Visa debit (us) card. It is available in 3 countries, across .
Does Wahed require KYC?
Yes. Wahed requires identity verification (KYC) to open an account, as a broker-led.
What does Wahed cost?
From the verified fields: yield Halal portfolios. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Wahed before relying on them.
Wahed appears in
Faith-based and Islamic neobanks (7) · Neobanks that issue a Visa card (182) · Neobanks in United States (66)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.