February 3, 2023


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Wahed provides Islamic mutual funds veteran to crew

Haitham Al-Sayed joins Wahed as its new International Head of Institutional Gross sales and Advisory Companies

March seventeenth, London/ New York 2022: Wahed, a fintech firm that goals to advance monetary inclusion by accessible, inexpensive, and values-based investing, at present introduced that Haitham Al-Sayed, former Supervisor at Saturna Capital, will be a part of Wahed as its new International Head of Institutional Gross sales and Advisory Companies. His tasks will embrace solidifying Wahed’s footprint within the institutional and retail area, along with constructing the agency’s world advisory companies crew.

Al-Sayed brings a wealth of expertise in moral investing to the function. At Saturna Capital he managed the Amana mutual funds belief, working with excessive net-worth shoppers and monetary advisory teams across the nation, together with endowments, nonprofits and companies. He additionally travelled throughout the US to teach corporations and registered funding advisors on how one can assist their shoppers make moral funding decisions.

Commenting on the appointment, Samim Abedi, Chief Funding Officer of Wahed mentioned, “Haitham’s expertise within the Institutional funds and wealth administration area can be an awesome asset to Wahed’s future ETF enterprise and total progress. His contribution and dedication to the trade and the group is one thing to admire. We stay up for working with him to cement our place because the main Islamic fintech globally.”

Launched in 2017, Wahed has developed an simply accessible digital platform that balances moral finance with trendy investments, attracting over 250,000 energetic shoppers all over the world with options similar to free portfolio suggestions and no hidden charges.

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By means of its US funding adviser, Wahed at the moment gives two ETFs: the Wahed FTSE USA Shariah ETF (HLAL), which debuted on Nasdaq in July 2019, and the Wahed Dow Jones Islamic World ETF (UMMA), which simply debuted on Nasdaq in January this yr. UMMA notably expands Wahed’s screening past Shariah-compliant or halal constituents by additionally filtering primarily based on environmental, social, and governance elements (ESG). Full info on the ETFs could also be discovered at their respective web site, funds.wahedinvest.com and umma.wahedinvest.com.

Haitham Al-Sayed mentioned, “Educating folks about investing consistent with Islamic and ESG ideas is my ardour, so becoming a member of Wahed was a pure subsequent step for my profession. It’s an honour to have the ability to assist them with their very noble mission of making a substitute for the debt-based monetary system, that’s higher and extra sustainable for everybody.”