Wahed to provide capital market access to the masses

KUALA LUMPUR: Wahed Invest, a syariah-compliant investment company licensed by the Securities Commission, aims to revolutionise the mindset on investment via digital engagement.

Its executive director Mohd Izzat Fadhli said that the younger generation nowadays especially those who are involved in the gig economy have a very uncertain future job security as well as savings.

“The majority of them do not have long-term security for their retirement as they are not contributing to the Employees Provident Fund or even the Social Security Organisation.

“We hope that Wahed Invest can be a platform for the underserved community that would want to invest for the long term with a low entry fee of only RM100 and no lock-in period, ” he told Bernama.He added that Wahed Invest hopes to remove the barriers to investment and portfolio management that were traditionally reserved for high net worth investors.

“There has been a stigma that investment is expensive and difficult. We hope to change that mindset by providing the access to capital markets to the masses, especially to those with little financial knowledge which had hindered them from efficient wealth management, ” he said.

Izzat explained that clients of Wahed Invest will have exposure to a wide range of investment assets, including sukuk, gold and Malaysian as well as US stocks through exchange-traded funds and unit trust funds, with their allocations comprising six diversified and unbiased syariah-compliant portfolios depending on the clients’ risk tolerance. — Bernama