What is Wahed Invest?
Wahed Invest is a Syariah-compliant investment platform. In Malaysia, the platform is only available on phone for both iOS and Android which you can download by clicking the link below.
I’m not going into details because you can see all the information from their official website but this app would invest the money for you with the AI technology and the only you thing you need to do is invest your money.
Sounds simple, right?
How to start investing in Wahed Invest?
How to sign up
You can sign up from the download link and just follow the instructions given. It took me around a week or two for my account to be verified.
You can use my referral code *shabin111* when you sign up and get yourself an RM10 start. By the way, I didn’t use any referral code when I signed up.
I feel stupid
Wahed Invest fees
Out of the investment platform that I’ve looked up, Wahed Invest has one of the lowest investment starting fees which is RM100.
Choosing an investment portfolio
After you get verified, there’s going be a short survey and they would recommend a portfolio based on your answers.
The app recommended me for a Moderate Aggressive portfolio but I because this is my first investment, I choose Moderate instead.
No worries. You can change the portfolio later on if you would like to be more aggressive with your investments. Just bear in mind the higher the profit is, the higher the risk.
How to add money aka fund to your investment
You can just add fund to your investment account per month, week, and one-time payment through credit cards or online banking.
YOU MIGHT ALSO LIKE
How much money have I earned from Wahed Invest?
I’ve been using the app for 3 months and I have lose around RM12 and gained to RM20 *2020/07/13
I’ll keep using it for a year and see if it’s worthy as a long term investment.
My honest Wahed Invest review
This is for you if:
- You’re not looking for a quick get rich scheme
- Can tolerate loses
- Has money to spare
This is NOT for you if:
- You want to get rich quick. If you want an investment with higher profit, invest in stocks.
- No money for an emergency. It takes time to withdraw the money from you Wahed Invest account.
You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets. – Peter Lynch