Wahed User Reviews

Customer Experience

Positive experience38.1% of reviews
Neutral9.0% of reviews
Negative experience52.9% of reviews

~ Based on 244 written reviews from the US App Store.

What users say

Is Wahed Safe?

Wahed appears mostly safe based on user ratings. AppsHunter Safety Score for Wahed is 70/100.

This assessment is based on 160 user ratings, with an App Store average of 3.5/5.

Safety Analysis

60.6% of ratings point to a safe experience
5.6% of ratings suggest some concerns
33.8% of ratings point to a risky experience

~ Based on 160 App Store ratings for Wahed.

Is Wahed Legit?

Wahed appears legitimate, with a few gaps. AppsHunter Legitimacy Score for Wahed is 78/100.

Based on 78 of 100 points across 7 verification signals from App Store and developer data.

Top reviews

Easy to use

Minor glitches but overall an amazing app.

Easy to use

Very easy to invest with Wahed. Wish I had acted on it sooner.

Worse verification system

It’s been months since I am trying to verify myself. They are keep on rejecting it, It’s ridiculous.

It’s a scam

When you will withdraw money it take 7-10 business days and every time u want to take it out your profile will show ur at loss and always make u lose money. Never earn profit!

Never increases

Just to update, I deposited $100 in 2024. I’m now at $8. It has never increased. Just steadily dropping for 2 years now. Still can’t close what investments you want. They make all choices.. doesn’t matter which portfolio you select. I will say though, when this company first started, they were giving out $100 to new users. I did withdraw that money at that time, and then redeposited it in 2024. So I don’t really consider it that I lost money since it’s the same $100 They gave. But I’m definitely not happy with the results, and won’t be investing anything additional
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Response from developer

We appreciate you reaching out. Our platform serves as your investment manager, tailoring strategy execution to the risk parameters you set, while overall returns naturally reflect market fluctuations. We would be glad to review your account and connect you with the relevant team for further guidance on your account and market performance. Feel free to email us at support@wahed.com from your registered address, and our team will be ready to assist you.

Great app!

Simple and intuitive way to make investments

Love the app exp

Super easy to use!

UI feels slow and less competitive fee structure compared to other DIY investment platforms.

I’ve been using Wahed since 2020, but personally, I feel that the app has unfortunately failed to keep pace with the market.

1. Performance & UI: The interface feels significantly slower and laggier than competitors like Moomoo or StashAway. Navigating the portfolio shouldn't feel like a chore in 2026.

2. Lack of Transparency: Withdrawal pricing feels "sketchy." When I request a full withdrawal, the app captures market prices from a much later date. While I 'might' not 'lose' money, the lack of real-time T+0 or T+1 transparency in the UI is jarring for a financial app.

3. Portfolio Misalignment: The graphs are confusing. They don’t follow the performance of the underlying HLAL or UMMA ETFs 1:1, and there is zero in-app explanation as to why. This makes the referral program a hard sell to regular people.

4. The "Fee Trap": For instance, if you have more than RM30k—a typical amount for someone trying to save, yet still far below the RM500k required for the 0.39% wrap fee—the costs become unjustifiable. You are paying a 0.79% management fee and a 0.5% ETF fee, plus the new 8% SST on financial services. With brokers like Moomoo offering direct access to HLAL/SPUS and a wide range of other Shariah-compliant stocks that feature automated recurring buys and no extra "management" layer, Wahed is losing its value proposition for long-term investors such as myself.
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10/10

Amazing app! Highly recommend for everyone

Mr Hemdan

The App is easy to use I don’t have any problem with the app.

Ridiculous fees

Put £50 a year ago just to test out how the Wahed ISA compares with the rest of the market and it has been the worst compared to all of them.
I lost more than 50% of the amount all on fees and I’m in the process of withdrawing my money cause there’s no point…
Wouldn’t recommend.

Referrl

How to collect referral code from India

Great people. Great work.

Ethical investing is the future

Functional

Have been using Wahed for a number of years now, as a security investment option. They currently have a gold option, and a savings account - subscribed to both. App is fairly stable and the customer service is always reliable - recently had an issue with my name being too long (story of my life!) to fit their processor, and that got sorted. What I also like is the ability to make recurring deposits, and ease of withdrawal. Keep up the good work.
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6+ years with Wahed

I have started back in 2020 and since then, Wahed is one of my main investment platform. Easy to use and comparatively low fee. Recommended for everyone looking for long term investment.

HN

This app is great, Great Ui and tells me everything i need to know

App Not Working

App stopped working today. After Face ID login the screen goes blank and nothing happens. Please fix it

Negative earnings

Started investing more than a year ago, not a single time they went positive on earnings. Not even close to 0. It’s been negative since it started and it’s been going down since. Portfolio is on the moderate but idk about the choices of people who manage the money.

Login Troubles

Get email code to set up account, type code, says invalid code. Type the same code again. Invalid. Resend code, says too many tries. Can’t even set up the account.

Glitches

Too many glitches. I setup auto pay and it doesn’t take money out when I click pay now it says successful and then next page error message