Wahed Invest or Hargreaves Lansdown – which is better for UK traders 2024? Compare Wahed Invest and Hargreaves Lansdown in this detailed breakdown of their platforms, features and fees.
Wahed Invest vs Hargreaves Lansdown Comparison Table 2024
Wahed Invest is an ethical investment platform and robo-advisor aimed at Muslim investors. The firm is overseen by the Sharia Review Bureau, offering a range of stocks, ETFs, sukuk and gold. With a reasonable $100 minimum deposit and strong regulatory oversight, the firm has become an accessible option for over 200,000 investors.
Hargreaves Lansdown has closed or no longer accepts UK clients.
Pros
Commitment to ethical investing with rigorous screenings, plus Waqf practices to ensure income generated from assets is donated
The broker's fee covers all custodian fees and transaction fees and traders are never charged for account balances of zero
Strong regulation by the SEC in the US and the FCA in the UK, plus membership with the Shariah Review Bureau
Six flexible investment portfolio styles, from Very Conservative to Very Aggressive, plus a rebalancing service
Engaging blog featuring Islamic finance education and awareness, updated regularly
