New York-based Wahed Invest has secured financing from oil giant Saudi Aramco to expand into the Middle East and make Riyadh its regional hub.
The Saudi Aramco Entrepreneurship Ventures extended the funding to the online Islamic investment platform as part of a $25 million funding round.
Wahed Invest founder Junaid Wahedna emphasized the importance of getting Aramco as an investor as it reassures clients that they are investing in a company backed by a reliable and familiar name.
Also investing in Wahed Invest were Dubai-based BECO Capital and the Cue Ball Group from Boston.
The three-year-old Wahed Invest, which has secured a license to operate in Saudi Arabia, aims to get regulatory approval in 20 more countries.
It currently has licenses to operate in nine countries.
Seeking to tap into the rising Islamic finance market, Wahed Invest started Malaysia's first Shariah-compliant digital investment platform in October.
The company's Islamic Exchange Traded Fund (ETF) holds investments in Apple, Johnson & Johnson, and Intel Corp.
Wahed Invest is also contemplating listing its Islamic ETF on the Saudi stock exchange. Its ETF was listed on the Nasdaq last year.


US Quantum Stocks Surge After $2 Billion Government Investment
Marvell Stock Rises After Record Q1 FY2027 Earnings Fueled by AI Demand
Samsung Union Dispute Escalates Over Semiconductor Bonus Vote
Universal Music Group Rejects Pershing Square Takeover Proposal
CTOC Goes Live on Bitget Wallet Trading, Expanding Global Access to AI-Powered Healthcare Data Ecosystem
SpaceX IPO Could Become Largest in History with $1.8 Trillion Valuation Target
NIO CEO Says China’s Auto Industry Has Passed Its Golden Era Amid Weak Car Sales
Synopsys Q2 FY2026 Earnings Beat Driven by AI and Semiconductor Demand
Samsung to Invest $1.5 Billion in Vietnam Semiconductor Testing Plant by 2027
Snowflake Stock Soars 30% After Q1 Earnings Beat and Major AWS AI Partnership
Australia Sues 3M for Over A$2 Billion Over PFAS Firefighting Foam Contamination
Mega IPOs Like SpaceX and OpenAI Could Reshape S&P 500 and Nasdaq 100 Portfolios in 2026
Samsung Workers Approve Wage Deal, Avoiding Major Strike and Boosting Chip Supply Confidence
Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions
SK Hynix Joins $1 Trillion Club as AI Chip Demand Fuels Stock Surge
European EV Sales Surge in April 2026 as Tesla and Chinese Automakers Gain Ground
MongoDB Q1 FY2027 Earnings Beat Expectations, Raises Full-Year Outlook 



