Many actually already have an account with Wahed Invest, some invest in lump sum; no less also those who invest consistently every week or every month.
There are 6 portfolios that vary depending on their respective risk tolerance levels. Wahed provides a Very Conservative portfolio that invests heavily in Sukuk, all the way to a Very Aggressive portfolio that invests heavily in US Stocks.
Today Wahed Invest announced its seventh portfolio which is the Gold portfolio. They removed this portfolio because there were some investors who wanted to diversify and invest part of their savings into Gold.
It is also suitable for investors who believe in the performance of Gold as a long-term investment, then can use this 7th portfolio to invest in Gold.
How Can Wahed Invest Gold Portfolio Help You Invest In Gold?
By choosing this Gold portfolio, 97.5% of your investment money will be put into a Gold Exchange Traded Fund (ETF) called Tradeplus Shariah Gold Tracker.
It is a shariah -compliant gold ETF approved by the Securities Commission Malaysia (SC) and managed by Affin Hwang Asset Management Berhad. Among the advantages of this gold ETF is that it relies on physical gold.
A minimum of 95% of the funds in this gold ETF are kept in the form of physical gold purchased from gold traders accredited by the London Bullion Market Association (“LBMA”). These gold ingots are kept in an orderly and safe place in safes in Singapore.
This gold does really exist, not just on paper. As the world gold price rises, so does the value of our investments.
For information, investment in this gold ETF increased dramatically to $ 23 billion US Dollars for the first 3 months of 2020. This proves that investors around the world are confident in this gold ETF and suitable to be used as one of their investment portfolios, in market times. world stocks are falling.
The gold ETF has its own shariah advisor, Amanie Advisors, which is comprised of several leading Islamic financial figures such as Datuk Dr Mohd Daud Bakar, Dr Mohammed Ali Elgari, Dr Muhammad Amin Ali Qattan and Dr Osama Al Dereai.
As the first Islamic Digital Investment Manager approved by the SC, Wahed Invest also has its own shariah advisory panel comprising Islamic finance experts such as Dr Aznan Hasan, Shaikh Muhammad Ahmad Sultan and Mufti Faraz Adam Hanif.
These shariah advisory panels will ensure that your investments in Wahed Invest's portfolio will continue to comply with Shariah principles.
According to the Oxford Economics study, this estimate is based on a scenario where the slowdown in global economic expansion affects the position of gold from supply and demand factors in the gold market. Under these circumstances, the estimated rate of increase in the price of gold is 9.61 % compounded over 5 years.
Happy story, whether the world economy is in good shape or bad - the price of gold remains steady rising. In fact, the price of gold will rise even higher when the economic downturn occurs. This is because investors will look for ‘safe haven’ investments such as gold when the stock market crashes.
How To Start Investing With Wahed Invest Gold Portfolio
Existing Investors Wahed Invest
For those who have already started investing with Wahed Invest, you can convert your existing portfolio to a Gold portfolio with the following 5 easy steps:
Open and log in to your Wahed Invest account.
Press the Menu button and select 'Account Information'.
Select ‘My Investment Account’ and press the ‘Change My Investment Portfolio’ button.
Press the ‘View All Portfolios’ button and swipe right until the Gold Portfolio appears.
On the Gold Portfolio page, press ‘Select This Portfolio’ and confirm your selection by pressing the ‘YES’ button.
*Reminder*: Your investment allocation will be changed within 1-3 working days. You can only change your portfolio only once every 3 months at no charge.
Wahed investors can also open a special new account for the gold portfolio following the following 5 simple steps.
New Investors Wahed Invest
Download the latest Wahed app at https://wahedinvest.com
Register as a Wahed investor by entering personal information and details.
Answer 9 questions to identify your level of risk tolerance. On the 9th question-“Do you want to ONLY invest in gold?” answer ‘Yes’.
Click ‘Select This Portfolio’ and proceed to the identity verification process.
Add funds via periodic deposit method or one -time deposit
What are you waiting for - if you want to invest in Wahed Invest Gold portfolio, act now.
Download the Wahed Invest app at https://wahedinvest.com/get-started/ and get a starting bonus of RM40 by using the code ‘MOHISM487’ during registration.