Wahed Reviews: Is It Legit?

Customer Experience

Positive experience37.2% of reviews
Neutral9.1% of reviews
Negative experience53.8% of reviews

~ Based on 253 written reviews from the US App Store.

What users say about Wahed

Is Wahed Safe?

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

This assessment is based on 164 user ratings, with an App Store average of 3.5/5.

Safety Analysis

60.4% of ratings point to a safe experience
6.1% of ratings suggest some concerns
33.5% of ratings point to a risky experience

~ Based on 164 App Store ratings for Wahed.

Is Wahed Legit?

Wahed appears to be a legitimate app. AppsHunter Legitimacy Score for Wahed is 88/100.

Based on 88 of 100 points across 7 verification signals from App Store and developer data.

Top reviews

Takes long time to withdrawal fund.

Not recommended app to invest, took me more than 8 days to receive my withdrawal fund.

Payments problems ongoing

Desperately trying to invest in this app and its been since April 2026 problem not sorted!!

Fees

They charge 30 dollars if u don’t have the money in ur account when they charge it so if ur off for a dollar because of a subscription they will take 30 bucks from what u invest idk why that’s not halal

App crashes

Doesn’t work on iOS27

App crash

App keeps on crashing upon start

App crashes

After the recent update . The app is not working. Does not open at all . Crashes when i try to open it

مشكلة استعادة كلمة المرور

لا أستطيع استعادة كلمة المرور واتواصل مع الدعم لحل المشكلة ولا فائدة

Great idea! Horrendous UX!

I love that there is a halal investing platform, but it does me no good when it rarely works. The website just sends you to the app. The app constantly fails to log me in; once you manage to log in, the user experience is cumbersome in some aspects, and lacks options in others. It is just an all around horrendous tech experience.

Go look at how other established investing platform apps work and copy that, the current setup is awful and has been awful since day 1.
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Costumer support

I’ve had a great experience with Wahed, and I especially want to recognize Rose from customer support. She was incredibly understanding and accommodating throughout the whole process. She took the time to understand my concerns, was patient with my situation, and made sure everything was sorted out for me.

I really appreciated how helpful and easy she was to work with. Great customer service makes a big difference, and Rose definitely deserves the recognition. Thank you, Rose!
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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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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.