Who owns Wahed?

traditional · New York, US · Broker-led · custody: Custodial

short answerWahed is a broker-led platform rather than a bank: the regulated entity behind it is an investment firm or broker-dealer, and client assets sit with that entity or its custodian rather than as bank deposits. Its stated authorisation: SEC-registered investment adviser; broker/custody via Apex Clearing (FINRA/SIPC).

Is Wahed a licensed bank?

No — it is a regulated broker or investment firm, not a bank. License detail: SEC-registered investment adviser; broker/custody via Apex Clearing (FINRA/SIPC).

Where is your money held?

Custody model: Custodial.

No sponsor bank or infrastructure provider is publicly documented for Wahed yet. Know one? Suggest it.

Who's behind Wahed?

Wahed was founded by Junaid Wahedna (2015), headquartered in New York, US.

Is my money safe with Wahed?

Wahed is not a bank, so deposit-guarantee schemes do not apply. Client assets held through a broker are usually covered by an investor-compensation scheme instead — a different protection with different limits. Check which entity holds your assets and which scheme covers it.

go deeperSee the full Wahed profile with every verified field. Raw fields: data.json.

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.