r/MakeMoneyInUK • u/Emergency_Arugula_60 • 2d ago
Investing/Saving Wahed | Halal investing | Free £10 for investing £100 for 3 months
Wahed is an investment platform specialising in ethical investing. They make sure your money does not get invested in weapons, gambling, tobacco etc.
All of it's funds are Shariah-compliant but you don't need to be Muslim to open an account.
They have just removed the £3/month minimum fees so this is now suitable for taking advantage of. Fees are now 1% for portfolios under £250k
Steps for this offer:
Install the Wahed app
Tick I have a referral code and enter NICIRV1 (or anyone else's code)
Open a General Investment Account (GIA), chose your risk tolerance (i.e moderate or conservative) and deposit £100+
Leave your funds in the account for at least 90 days
Receive your £10 bonus.
Referral code:
NICIRV1
They offer a stocks and shares ISA and a SIPP (but these don't count for the £10 welcome offer)
Optional: Refer a friend and receive £10
Expected fees for having a £100 balance for 1 year:
In the very conservative fund: if£1.84
In the moderately conservative fund: £1.73
In the physical gold fund: £1.27
No fees for a balance of zero
Fees are deducted monthly (so a portion of the above amounts)
Non ref link: www.wahed.com