Syamil Faisal22 Oct, 2019
Wahed Invest will offer digital investment management services in Malaysia with its recent regulatory approval from the country's Securities Commission.
It is the third fin-tech companies after StashAway and MyTheo to provide a robo-advisory platform in Malaysia — the first to niche in on the country’s Islamic finance with huge support from the Malaysian government to boost the country's Islamic Digital Economy.
The company’s move towards Malaysia was driven by Malaysia’s prominent role as the country produces 26% of the world’s Shariah-compliant financial assets, at a value up to $528.7 billion.
Malaysia will become Wahed Invest’s Asia Pacific Hub, operationally led by Syakir Hashim — making their services available on their app in the coming weeks.