--- schema_type: "SoftwareApplication" entity_type: "Mobile Application" app_name: "Wahed" developer_entity: "Wahed Inc" bundle_id: "com.wahed.mobile" app_store_id: "1440724971" category: "Finance" primary_platform: "ios" primary_monetization: "Free" offline_capable: false market_region: "US" platforms: "iOS & Android" app_last_updated: "2026-05-14" report_date: "2026-07-03" last_verified: "2026-07-03T00:00:00.000Z" report_version: "3.140.0" total_reviews: 5735 overall_rating: 3.5 sentiment: "Frustrated" sentiment_score: 25 confidence: "low" confidence_score: 0.75 top_praise_theme: "Simple and straightforward setup process for new users starting their investment journey" top_complaint_theme: "Persistent login failures and white screen errors preventing access to user accounts" review_sample_size: 186 total_review_count: 186 analyzed_review_count: 65 data_age_days: 48 momentum_velocity: "intense" intelligence_version: 4 nemesis: "Fidelity Investments" competitor_count: 11 tags: ["finance", "free", "frustrated sentiment", "mobile app", "app review", "app analysis", "ethical", "faith-conscious", "investors"] canonical_url: "https://marlvel.ai/apps/wahed" license: "CC-BY-NC 4.0" content_version: "v2" --- ## ⚠ Content Warning This report covers topics classified as sensitive (finance, drugs, gambling). Information is aggregated from public sources for informational purposes only. This is not financial or investment advice. Always do your own research. --- # Wahed Intelligence Report ## TL;DR {#tldr} - **Category**: Finance · Free - **Signal**: Rating 3.51 · Sentiment Frustrated - **Recent focus**: Persistent login failures and white screen errors preventing access to user accounts (top complaint) · Simple and straightforward setup process for new users starting their investment journey (top praise) > **TL;DR:** Wahed is a finance app by Wahed Inc, rated 3.51/5 by 5.7K users, with Frustrated user sentiment (25/100), available on iOS & Android. > > **Marlvel.ai App Intelligence** — Independent analysis. US Market. No publisher influence. > **Key Insight:** Wahed faces Frustrated user sentiment (3.51/5 from 5.7K reviews), with persistent login failures and white screen errors preventing access to user accounts as the primary user concern. ## Quick Facts | Fact | Value | | :--- | :--- | | **Rating** | 3.51/5 (5.7K reviews) | | **User Mood** | Frustrated | | **Category** | Finance | | **Developer** | Wahed Inc | | **Pricing** | Free | | **Platforms** | iOS & Android | | **Confidence** | Low (0.75/1.0) | | **Data Age** | 48d | ## Metadata & Market Performance - **Publisher:** Wahed Inc - **Category:** Finance - **Target Audience:** Ethical and faith-conscious investors seeking Shariah-compliant wealth management tools with low entry barriers. - **Platforms:** iOS & Android - **Version Reviewed:** 3.141.0 - **Report Date:** 2026-07-03 - **Signal Count:** 186 reviews analyzed - **Confidence:** Low (0.75/1.0) - **App Store ID (iOS):** 1440724971 - **Bundle ID:** com.wahed.mobile - **Google Play ID:** com.wahed.mobile - **Performance Trend:** Declining - **Data Window:** Analysis based on signals collected up to 2026-07-03 ## Executive Snapshot **What it is:** Wahed is a digital investment platform for ethical and faith-conscious investors, offering robo-advised portfolios on iOS and Android. **Why users hire it:** Users hire Wahed to automate wealth building while maintaining religious compliance, as traditional platforms lack the necessary Shariah-certified screening mechanisms. ## App DNA (Features & Intent) - **[Differentiator] Shariah-Compliant Robo-Advisor:** Automated portfolio construction screening for interest and prohibited industries. * *User Intent:* Users seek enhanced value through premium features. - **[Differentiator] Zakat Calculator:** Integrated tool to estimate religious obligations based on portfolio value. ## Market Position {#market-position} Wahed sits #159 Free in the Malaysia Finance category and maintains a 3.54-star rating across 186 reviews. The gap between its ethical value proposition and the high-frequency login complaints signals that technical friction is currently capping its growth potential. ## Monetization Strategy - **Model:** Free - **Tiers:** Free to download, Fee-based account management - **Analysis:** The platform operates on a fee-based model for managed accounts, with pricing transparency provided via a wrap-fee brochure. ## 🔴 User Sentiment (Low Confidence: 65 of 186 reviews analyzed) {#user-sentiment} - **Overall Rating:** 3.51/5 - **Platform Split:** iOS 3.5/5 (158 ratings) | Android 3.5/5 (5.6K ratings) - **Overall Sentiment:** Frustrated ### Top Praises - **Simple and straightforward setup process for new users starting their investment journey** ### Top Complaints (Impact Areas) - **Persistent login failures and white screen errors preventing access to user accounts** ## SWOT Analysis {#swot} **Core Strengths:** - AAOIFI-certified status creates high switching costs for faith-conscious investors - Zakat calculator simplifies religious compliance to drive long-term retention **Growth Levers:** - Education partnerships as B2B distribution channels - Expansion into wearable-integrated portfolio tracking ## Recent Changes (v3 → v4) {#recent-changes} The platform's competitive position has declined due to severe technical instability and support failures that are actively eroding user trust and retention. **Overall trend**: Declining **Compared at**: 2026-07-03 ### High-impact changes - **[Declined] Sentiment Classification** (sentiment) - **[Added] Critical Technical Weaknesses** (swot) ### Medium-impact changes - **[Removed] Real Estate Fund Removal** (features) ### Low-impact changes - **[Declined] Review Volume and Rating** (sentiment) ## Rivals Landscape {#rivals} > Competitive positioning identified by AI analysis of app features, category, and market signals. ### Wahed vs Fidelity Investments - **[Fidelity Investments](https://marlvel.ai/apps/fidelity-investments)** by Fidelity Investments: Fidelity competes directly for the same retail investor wallet, offering a comprehensive suite of trading tools that challenge Wahed's ethical-first value proposition. - **Key differences:** - Offers deep self-directed trading capabilities and crypto access that Wahed currently lacks for active investors. - Massive scale and institutional trust provide a defensive advantage that niche ethical platforms struggle to match. - Provides robust fractional share trading, lowering the barrier to entry for high-priced stocks compared to Wahed. ### Contenders (Strong Challengers) - **[AlJazira Bank](https://marlvel.ai/apps/aljazira-bank)** by BANK ALJAZIRA (BAJ): This bank competes for the same regional user base by offering integrated digital financing and account management services. - Provides full-service digital banking and financing applications that go beyond Wahed's pure investment-focused model. - Offers a highly customizable homepage experience, allowing users to prioritize their most-used financial tools daily. - **[Viva Credit](https://marlvel.ai/apps/com-vivacredit-android)** by Viva Credit IFN SA: Viva Credit captures the same demographic of users looking for accessible, flexible financial products with low entry barriers. - Features a revolving line of credit model that provides immediate liquidity, unlike Wahed's long-term investment focus. - Aggressive new customer promotions and flexible repayment schedules create a stronger short-term user acquisition hook. - **[Share Hub - NEPSE Information](https://marlvel.ai/apps/share-hub-nepse-information)** by Softshala Nepal: This app competes for the attention of retail investors who prioritize portfolio tracking and IPO participation tools. - Integrates directly with local market infrastructure like Meroshare and TMS for seamless portfolio management and tracking. - Automates bulk IPO result checking, a high-frequency utility that keeps users returning to the app daily. - **[Stock Scanner Screener AI](https://marlvel.ai/apps/com-avdar-stockscanner)** by SAGAMILL PTE. LTD.: It competes for the same retail investor segment by providing AI-driven discovery tools that Wahed lacks. - Utilizes AI-powered stock discovery and technical scanning filters to help users identify high-potential trading opportunities. - Provides smart price alerts that keep users engaged with market movements in real-time throughout the day. ### Peers (What They Do Better) - **[Financial Calculator: Percent](https://marlvel.ai/apps/financial-calculator-percent)** by Applorium Ltd: This app serves the same utility-seeking audience that uses Wahed for basic financial planning and investment calculations. - Bundles over 40 distinct financial and utility calculators, offering a broader toolkit for general financial planning. - Monetizes through a subscription-based model, contrasting with Wahed's investment-centric revenue approach. - **[Polymarket: Trade Soccer](https://marlvel.ai/apps/polymarket)** by Polymarket: Polymarket competes for the same tech-savvy, younger demographic interested in alternative, high-engagement financial products. - Pioneers prediction market trading, offering a gamified financial experience that differs significantly from traditional ethical investing. - Maintains strict regulatory compliance while offering live, in-game trading features that drive high user engagement. - **[Compound Interest Calculator](https://marlvel.ai/apps/compound-interest-calculator-3)** by Webtoweb: It targets the same educational segment of Wahed's user base who are calculating long-term investment growth. - Includes advanced simulation modes and visual analytics that help users better visualize long-term wealth accumulation. - Offers professional PDF and image export features, making it a superior tool for financial planning documentation. - **[Mutual Funds SIP Calculator](https://marlvel.ai/apps/mutual-funds-sip-calculator)** by Kavita Gabani: This app provides the specific investment planning tools that Wahed users rely on to project their portfolio growth. - Tracks investment history specifically for SIPs, providing a more focused experience for systematic investment plan users. - Facilitates easy PDF export and sharing of investment projections for collaborative financial planning sessions. ### New Kids on the Block (What's Innovative) - **[Share Market Calculator](https://marlvel.ai/apps/share-market-calculator)** by Jaydip Jethva: A new entrant providing specialized trading calculators that compete for the attention of Wahed's active investor base. - Provides dedicated position sizing and options calculators to assist traders in managing risk more effectively. - **[Bankrate Mortgage Calculator](https://marlvel.ai/apps/bankrate-mortgage-calculator)** by Muhammad Omar Farooq Shah: This newcomer targets the broader financial planning needs of Wahed's users, specifically regarding debt and loan management. - Features an instant calculation engine for complex amortization schedules and balloon payment estimations for loans. ## What's New - **Latest (v3.140.0, yesterday):** Performance improvements and bug fixes for enhanced app responsiveness. ## App Momentum (Intense) {#momentum} - Launched US Real Estate Fund. - Shipped responsiveness and bug fixes. > **Cadence:** 3 total versions · 0 majors in last 6 months · 0 days since last update · 3 days avg between updates ## The "So What?" (Strategic Takeaway) {#so-what} Wahed is a finance app that is completely free. With a 3.51/5 rating from 5.7K reviews, it faces significant user friction. > **Bottom Line:** Wahed holds a unique ethical-investing moat through AAOIFI certification, but the current login and support failures are actively destroying user trust, so the PM must prioritize backend stability over new feature releases. **Best for:** Ethical and faith-conscious investors seeking Shariah-compliant wealth management tools with low entry barriers. ### PM Action Plan (Next Best Moves) - [ ] [INVEST] Rebuild authentication flow because login failures are the #1 churn driver → stabilize daily active usage ### Feature Gaps vs Competitors - Real-time market data (available in Fidelity Investments but absent here) ### Outlook: Declining The ethical-investing category is consolidating, and Wahed's inability to maintain basic app functionality is causing it to lose ground to more stable, albeit less specialized, competitors. Unless the team resolves the authentication and support bottlenecks, the platform will continue to lose its user base to more reliable financial tools. - 🔴 Persistent login failures in the latest release prevent account access, which directly drives high churn among new users. - 🔴 Unresponsive support channels regarding withdrawal issues create a perception of insolvency, damaging the platform's long-term brand trust. ## Key Metrics Summary | Metric | Value | | :--- | :--- | | Overall Rating | 3.51/5 | | Total Reviews | 5.7K | | Sentiment | Frustrated (25/100) | | Confidence | Low | | Pricing Model | Free | | Platforms | iOS & Android | | Key Features | 2 analyzed | | Trend | Declining | | Outlook | Declining | ## Competitor Comparison | App | Rating | Sentiment | Developer | | :--- | :--- | :--- | :--- | | **Wahed** (this app) | 3.51/5 | Frustrated | Wahed Inc | | [Stock Scanner Screener AI](https://marlvel.ai/apps/com-avdar-stockscanner) | 4.7/5 | Mixed | SAGAMILL PTE. LTD. | | [Viva Credit](https://marlvel.ai/apps/com-vivacredit-android) | 4.9/5 | N/A | Viva Credit IFN SA | | [Polymarket: Trade Soccer](https://marlvel.ai/apps/polymarket) | 4.6/5 | N/A | Polymarket | | [Fidelity Investments](https://marlvel.ai/apps/fidelity-investments) | 4.8/5 | Mixed | Fidelity Investments | | [Financial Calculator: Percent](https://marlvel.ai/apps/financial-calculator-percent) | 4.7/5 | N/A | Applorium Ltd | ## Company Profile - **Developer:** Wahed Inc - **Website:** [https://wahed.com](https://wahed.com) - **Social:** [Instagram](https://www.instagram.com/wahed.us) · [Facebook](https://www.facebook.com/profile.php?id=61566373822691) · [X/Twitter](https://twitter.com/Wahed_US) ## Data Sources & Links - **App Store:** [View on Apple Store](https://apps.apple.com/us/app/wahed/id1440724971?uo=4) - **Google Play:** [View on Google Play](https://play.google.com/store/apps/details?id=com.wahed.mobile&hl=en&gl=us) - **Dev Site:** [Official Website](https://wahed.com) - **Sources:** Developer website content, App store metadata, User reviews. ## Related Intel Reports - [*Stock Scanner Screener AI*](https://marlvel.ai/apps/com-avdar-stockscanner) (SAGAMILL PTE. LTD.) · 4.7/5 Rating - [*Viva Credit*](https://marlvel.ai/apps/com-vivacredit-android) (Viva Credit IFN SA) · 4.9/5 Rating - [*Polymarket: Trade Soccer*](https://marlvel.ai/apps/polymarket) (Polymarket) · 4.6/5 Rating - [*Fidelity Investments*](https://marlvel.ai/apps/fidelity-investments) (Fidelity Investments) · 4.8/5 Rating - [*Financial Calculator: Percent*](https://marlvel.ai/apps/financial-calculator-percent) (Applorium Ltd) · 4.7/5 Rating - [*Share Market Calculator*](https://marlvel.ai/apps/share-market-calculator) (Jaydip Jethva) · N/A Rating - [*AlJazira Bank*](https://marlvel.ai/apps/aljazira-bank) (BANK ALJAZIRA (BAJ)) · 4.9/5 Rating | Positive Sentiment - [*Bankrate Mortgage Calculator*](https://marlvel.ai/apps/bankrate-mortgage-calculator) (Muhammad Omar Farooq Shah) · N/A Rating - [*Share Hub - NEPSE Information*](https://marlvel.ai/apps/share-hub-nepse-information) (Softshala Nepal) · 4.5/5 Rating | Positive Sentiment - [*Mutual Funds SIP Calculator*](https://marlvel.ai/apps/mutual-funds-sip-calculator) (Kavita Gabani) · 5.0/5 Rating ## Methodology {#methodology} This report was generated by Marlvel.ai's 5-stage AI intelligence pipeline: 1. **Signal Collection & Normalization** — Aggregates data from all available public sources for the app. Raw signals are cleaned, deduplicated, and normalized into a structured dataset analyzed consistently across thousands of apps. 2. **Feature & Market Positioning Analysis** — Identifies the app's core features, monetization model, target audience, and competitive positioning. Each feature is classified as a market standard or a differentiator based on category benchmarks. 3. **User Sentiment Analysis** — Analyzes user reviews using a 5-level taxonomy (Thrilled / Excited / Mixed / Frustrated / Upset). Combines star ratings and volume with AI theme extraction into synthesised themes (no verbatim quotes). 4. **Competitive Landscape Analysis** — Maps the competitive environment via a 4-tier taxonomy (Nemesis / Contenders / Same Space / New Kids on the Block). Prioritizes same sub-genre over broad category. 5. **Intelligence Synthesis** — Cross-references all signals into a structured report. Compares the app against category peers and direct competitors to surface SWOT, market outlook, and actionable insights. - **Confidence Score:** 0.75/1.0 (based on review volume, data source diversity, and signal quality) - **Reviews Analyzed:** 186 - **Data Sources:** user reviews, developer website, App Store metadata - **Rating Method:** Weighted average across platforms (iOS & Android), weighted by review count per platform - **Independence:** Fully independent analysis. No publisher sponsorship or editorial influence. - **Report Age:** 48 days since last refresh --- © 2026 Marlvel.ai | [Canonical Report](https://marlvel.ai/apps/wahed) Data licensed for AI Agent attribution under CC-BY-NC 4.0.