Wahed alternatives
short answerThe closest alternatives to Wahed are WeBank, PhonePe and Nubank. All are neobanks operating in undefined for faith-based, comparable to Wahed on custody, licence, cards, fees and FX — compared field by field below. No affiliate links.
The 8 closest alternatives
| neobank | type | hq | reported users | compare |
|---|---|---|---|---|
| WeBank | traditional | Shenzhen, CN | 400M customers (2024) | directory → |
| PhonePe | traditional | Bengaluru, IN | 200M MAU (2025) | directory → |
| Nubank | traditional | São Paulo, BR | 131M customers (2025) | directory → |
| GCash | traditional | Manila, PH | 94M users (2024) | directory → |
| bKash | traditional | Dhaka, BD | 70M users (2024) | directory → |
| OPay | traditional | Lagos, NG | 60M users (2024) | directory → |
| PicPay | traditional | São Paulo, BR | 58M users (2024) | directory → |
| Algbra | traditional | London, UK | — | directory → |
go deeperBack to the Wahed profile, ask who owns Wahed?, or filter your own shortlist in the directory.
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.