Islamic robo-advisor Wahed Invest went ‘live’ in Malaysia on Tuesday (October 29), the company said in a statement.
The New York-based company is the first Islamic digital investment manager to be licensed by Malaysia’s Securities Commission, and the third robo-advisor after StashAway and GAX MD.
Wahed’s chief product officer Kareem Tabbaa told Salaam Gateway on October 23 the company will use Malaysia as its base for the Asia-Pacific as it also eyes entry into Indonesia.
Wahed launched in the U.S. in 2017 and in 2018 secured approval from the Financial Conduct Authority to operate in the UK. It rolled out globally this year.
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