Comparing Platform Fees

[Zeeshan]

Jazakallah @ibrahimkhan. I am humbled. Thank you for your kind and generous words.

@ibrahimkhan

My experience is that many Muslim investors are not at this level of sophistication and so the choice becomes not only about platform fees but about user experience/ease etc. Here Wahed (and other robo advisors) have a slight edge as you just have to create an account and choose your risk preference and pay in and you’re done. With AJ Bell as a Muslim investor there isn’t a cookie cutter portfolio done for you. So you have to do all the Wahed steps plus you have to search a few Islamic funds and set up direct debits to them etc. Not rocket science and something pretty much everyone can do within an afternoon of focused reading - but surprisingly few people do.

I can’t agree enough with your assessment. All of us need to learn more about investing before deploying huge sums of money. It looks to me that we have a tendency of buying a posh car without knowing how to drive it - after the obvious result some of us just move away from investment and that is not good for the Muslim community. We all need to learn and become smart investors (Iqra).

I am so impressed by the work you and your team are doing in this area. This will help the community a great deal - Thanks. I would like to make a small contribution to this journey and have started a thread on Financial Education: Investment TIPS for Absolute Beginners that I am hoping would be helpful for some.

Jazakallah.
Zeeshan