Finally the most aggressive portfolio has zero exposure to Malaysian stocks (I hope) 🙂

Sorry... really new in Wahed (and probably a silly question)...

What will happen to my investment/portfolio if I withdraw the earnings from Wahed?
Is Wahed only good for long term investment?

What will happen to my investment/portfolio if I withdraw the earnings from Wahed?

your investment/portfolio will be liquidated? obviously as you are converting your investment back to cash.

Is Wahed only good for long term investment?

would say yes because robo is designed for long term investment as the turnaround time for buy/sell is rather long

Anyone's diversified portfolio has UMMA ETF already? Mine still stuck at cash. Sad to see my money isn't working hard especially during this correction 🥴

Might be slow from Wahed side and don’t worry not just Wahed as other robots are the same as well ie SA

Wahed charged by SEC. Hmmm, this doesn't exactly inspire confidence. Last year app outage, now this? I'm withdrawing all my money.

https://www.sec.gov/news/press-release/2022-24

already request to full withdraw...better safe than sorry...

That is US securities and commission correct? Have not come out with statement from Msia own. But knowing how Msia authorities work yes faster withdraw just in case.

Now what if it happen to IBKR that will be HUGE as I know a lot of Msia,Spore investors use theirs for cheap fees for US trading. But I know IBKR hard to fail but still best to diversify your investment platform don't put all eggs into one basket. My personal opinion.

So much for being Shariah compliant

Actually a good point... But this feels so weird to even diversify on brokerage. I guess I should diversify my emergency fund placements, bank account money, insurance and all that too? Like seriously, where does this end?

I'm not being sarcastic, I too try to diversify my investments... But this is a worrying news to me that some other financial institution may have similar problem.

YES. I actually use 2 bank acc in each country, Rakuten + Mplus, Stashaway + Endowus, Futu + Prosperus like that.

You decide your own risk tolerance, but frankly I dont think its a bad idea to spread out risks a bit.

To some extent, you are already diversified if you have EPF. That's why I don't unnecessarily withdraw EPF, I aim to save enough that either my DIY portfolio or EPF can keep me alive if the other one kaputs.

Some diversification can't hurt for sure. As more brokerage become more competitive, and I have a bigger networth, I will at least get one more brokerage so it's like a 33 IBKR : 33 Unknown Broker : 33 EPF split...

For me, to know to what end I should mitigate the risk, I just ask myself, what's the better option? If there aren't any, then it's good enough. If the stock market is bad, then do I just keep the cash? Surely not.

This post has been edited by Hoshiyuu: Feb 11 2022, 01:17 PM

haih.. rip. Wahed has been consistently giving very positive returns for me

It is up to individual I am just suggesting to even diversify on brokerage. Nowadays stocks,ETF are under their custodianship? Not say it will disappear if anything happen but for peace of mind spread among other brokerages look safer. But of cuz too many brokerage acct also hard to handle so keep to say 2-3? If all of them at same time all close shop really unlucky!

As an e.g, just recently in Spore, some banks online cannot login. Imagine you only one bank account and that day want to login transfer funds or something cannot how? So if got a few different bank accts, still can login other bank do the transaction.

Wahed HQ is based in the US iinm hence any statement is from there

Not rip as it is only being charged for previous misleading statement so it is only slap on the wrist and this can be settled by admitting to the charges and paid the fine which is easily done in US

Penjelasan Wahed Technologies Sdn Bhd Mengenai Kenyataan SEC

Salam Sejahtera,

Pada 9 Februari 2022, Suruhanjaya Sekuriti dan Bursa Amerika Syarikat (“SEC”) menerbitkan penyelesaian antara Wahed Invest LLC ("Penasihat") dan SEC Amerika Syarikat mengenai kenyataan mengelirukan dan kegagalan pematuhan tertentu yang dilakukan oleh Penasihat antara September 2018 dan Julai 2019. Kami ingin menyatakan bahawa perkara ini hanya melibatkan Penasihat Pelaburan Wahed di Amerika Syarikat dan ianya tidak melibatkan sama sekali syarikat-syarikat Wahed yang lain seperti di Malaysia. Di dalam penyelesaian itu, Penasihat dikehendaki membayar penalti kepada SEC Amerika Syarikat, dan telah diarahkan untuk berhenti daripada melakukan sebarang pelanggaran pematuhan pada masa hadapan.

Penalti tersebut adalah penalti kawal selia dan tiada dakwaan dibuat atas sebarang kesalahan yang disengajakan mahupun mengakibatkan kerugian kepada mana-mana pelanggan.

Wahed Technologies Sdn. Bhd. (Wahed Malaysia) mempunyai penasihat Syariahnya tersendiri yang memastikan bahawa segala portfolio dan proses pelaburan yang dilakukan untuk pelanggan di Malaysia mematuhi prinsip-prinsip Syariah.

Wahed ditubuhkan dengan niat untuk memperkasakan individu dalam membuat pelaburan yang sejajar dengan nilai dan kepercayaan mereka. Sejak 2016, kami telah memulakan perjalanan untuk menjadikan pelaburan digital dan halal, mudah diakses oleh setiap lapisan masyarakat tidak kira dimana jua. Wahed kini melayani lebih 200,000 pelanggan di Amerika Syarikat, UK & Malaysia. Kami berharap dengan sokongan anda, kami dapat terus meningkatkan kualiti perkhidmatan serta meluaskan jangkauan perkhidmatan kami ke lebih banyak negara dan komuniti yang boleh mendapat manfaat daripada platform pelaburan digital kami.

Jika anda mempunyai sebarang pertanyaan lanjut sila hubungi kami di malaysiasupport@wahedinvest.com atau +6016 299 1615.

Sekian dan terima kasih.


Syakir Hashim
Wahed Technologies Sdn Bhd

sos: https://halal.wahedinvest.com/kenyataanawam

Not wrong but still it shake up some confidence level of investors have in this company. If they can make misleading statement, what about their other stuff that is operating the platform at the ground level that have not been discovered? I don't believe no existing investor remains calm in this situation after all it is monies we are talking about.

Definitely their customer trust is shaken to the core

In fact I saw this coming after their launching the new ETF UMMA because there some disclosures which actually violate Syriiah laws but yet they still marketed it

Serves them a warning and it is way cheaper to buy alternatives of HLAL ETFs

already withdraw my fund....will monitor 1st b4 deciding to enter back...at least until wahed settle this issue...

you guys can monitor HLAL chart for tonight to see if there is any sell out..

i already experiencing big loss at bursa due to company having audit issue even their fa is strong previously...you guys sure know this company..😂😂😂

What if a lot of investors like you initiate withdraw all funds and somehow at the short time company do not have enough funds to meet? So they will process based on first come first served basis? If yes you will be good. If no then how monies stucked inside?