Wahed Invest is the best halal investment platform available to UK Muslims. It's AAOIFI-certified, FCA-regulated, offers a Stocks & Shares ISA and pension (SIPP), and its fees are reasonable for a managed portfolio. It's not perfect — the app can feel limited and returns have been mixed — but for ethical, halal investing it remains the UK's standout option.
Best halal investment platform in the UK. AAOIFI-certified, FCA-regulated, ISA & SIPP available. Fees competitive for the category.
Wahed Invest — At a Glance
| Feature | Detail |
|---|---|
| Founded | 2017 (USA), UK launch 2019 |
| Regulation | FCA authorised (UK) |
| Shariah Certification | AAOIFI-certified |
| FSCS Protection | Yes — up to £85,000 |
| Minimum Investment | £100 |
| Annual Fee | 0.99% (under £100k) / 0.49% (over £100k) |
| Account Types | GIA, Stocks & Shares ISA, SIPP (pension) |
| Assets Invested In | Halal equities, Gold, Sukuk |
| App Rating | 4.2/5 iOS · 3.8/5 Android |
Is Wahed Invest Halal?
Yes — and this is the most important question for Muslim investors. Wahed is certified by AAOIFI (Accounting and Auditing Organisation for Islamic Financial Institutions), which is the most rigorous and internationally respected Islamic finance certification body in the world.
Wahed's Shariah Supervisory Board consists of qualified Islamic scholars who screen all investments and ensure the portfolio remains compliant. Any company that derives significant revenue from prohibited activities (alcohol, tobacco, gambling, conventional finance, weapons, pork) is excluded.
AAOIFI certification is more rigorous than most other Islamic finance labels. It requires ongoing scholar oversight, not just a one-time approval. This is the same standard used by major Islamic banks globally.
Wahed's Portfolio Options
Wahed offers five risk-based portfolios from Conservative to Aggressive. You answer a short questionnaire and are matched to a portfolio:
| Portfolio | Risk Level | Allocation | Best For |
|---|---|---|---|
| Very Conservative | ⭐ | Mostly Sukuk + gold | Capital preservation |
| Conservative | ⭐⭐ | 60% Sukuk, 30% equity, 10% gold | Low-risk growth |
| Moderate | ⭐⭐⭐ | 50% equity, 30% Sukuk, 20% gold | Balanced growth |
| Aggressive | ⭐⭐⭐⭐ | 80% equity, 10% Sukuk, 10% gold | Long-term growth |
| Very Aggressive | ⭐⭐⭐⭐⭐ | 90%+ equity, minimal Sukuk | Maximum growth potential |
Fees — Are They Competitive?
Wahed charges 0.99% annually on portfolios under £100,000 and 0.49% above. There are no entry/exit fees, no trading fees, and no platform charge beyond the management fee.
Compared to mainstream robo-advisors: Nutmeg charges 0.75%, Vanguard charges 0.15% (but is not halal). For a managed, halal, AAOIFI-certified portfolio, 0.99% is fair — you're paying for the Shariah screening and active management, not just passive index tracking.
Wahed ISA & SIPP
- Stocks & Shares ISA — Invest up to £20,000/year tax-free. The ISA wrapper costs nothing extra — you just pay the 0.99% management fee.
- SIPP (Self-Invested Personal Pension) — Invest for retirement with 20% government top-up on contributions. Wahed's SIPP is the only halal-certified pension product widely available to UK Muslims.
Honest Drawbacks
Our review would be incomplete without the negatives:
- Limited fund choice — You can't pick individual stocks; you invest in Wahed's pre-built portfolios only
- App experience — The Android app in particular has received mixed reviews; the interface is functional but not class-leading
- Returns aren't guaranteed — Like all equity investments, Wahed's portfolios can and do lose value in market downturns
- No physical gold delivery — Gold is held in a fund, not in physical bars you can redeem
Start Investing with Wahed Today
AAOIFI-certified. FCA-regulated. ISA & pension available. Open an account in under 10 minutes with just £100.
Open a Wahed Account →We may earn a commission if you sign up. This does not affect our editorial review. Capital at risk.