Changing Your Wahed Invest Portfolio: A Step-By-Step Guide

Wahed Invest is a roboadvisor platform that offers a simple and ethical investment service. With a minimum investment of $100, users can open an account and select their risk tolerance and investment goals. To change their portfolio, users can log in to the app, navigate to the Account Details screen, and select the option to change their portfolio. This will allow them to retake the risk assessment questionnaire or manually browse and select a new portfolio. Wahed Invest offers a range of portfolios, including Very Conservative, Moderately Conservative, Moderate, Moderately Aggressive, Aggressive, and Very Aggressive, each with a different allocation of assets and risk profile.

Log in to your Wahed client portal and go to Account Settings > Investment Profile > Retake Quiz

To change your portfolio in Wahed Invest, you will need to log in to your Wahed client portal. From there, navigate to "Account Settings", then select "Investment Profile". Here, you will have the option to "Retake Quiz".

Retaking the quiz will allow you to update your risk profile and receive a new portfolio recommendation based on your current preferences and financial situation. This is a quick and easy way to ensure that your investment strategy remains aligned with your goals and risk tolerance.

Alternatively, you can manually change your risk profile by following the same steps and making the desired adjustments to your investment profile. This gives you more direct control over your portfolio, allowing you to make changes as you see fit.

It is important to note that you can only change your portfolio once every three months. This is to prevent excessive adjustments that could impact the long-term performance of your investments. Therefore, when making changes, consider your financial goals and risk appetite carefully.

By following these steps, you can ensure that your Wahed Invest portfolio remains tailored to your needs and helps you achieve your investment objectives.

Manually change your risk profile

To manually change your risk profile, log in to your client portal and go to "Account Settings", then "Investment Profile", and finally "Retake Quiz". Alternatively, you can follow these steps:

• Log in to the app and go to the main menu.
• Go to your "Account Details" screen.
• Under "My Investment Account", tap on your account type.
• Tap on "Change my portfolio" at the bottom of the screen.
• From here, you can retake the questionnaire or simply browse through the portfolios and change your allocation.

If your account is active and funded, your positions will be adjusted within the next 1-3 business days. If you haven't funded your account yet, the new portfolio will be updated immediately. Remember, you can only change your portfolio once every three months.

The risk profile you choose will depend on your investment goals and risk appetite. Wahed offers several portfolios, ranging from "Very Conservative" to "Very Aggressive". The "Very Conservative" portfolio focuses on safeguarding money with a low-risk Sukuk focus and slow wealth growth. On the other hand, the "Very Aggressive" portfolio offers high growth potential with a focus on global stocks and some Sukuk diversification.

It's important to note that your expected return depends on your risk profile, asset allocation, and market performance. Users with a conservative profile are expected to earn less and be exposed to less risk than those with an aggressive profile, who will take on more risk for the possibility of higher returns.

Go to the main menu in the app and access your Account Details screen

To change your portfolio in the Wahed app, you'll need to access your Account Details screen via the main menu. Here's a step-by-step guide:

• Log in to your Wahed app. From the app's home screen, navigate to the main menu. This is usually indicated by three horizontal lines or dots in one of the top corners of the screen.
• From the main menu, locate and select the "Account Details" option. This may be under a "Settings" or "Profile" section.
• Once you're on the Account Details screen, look for the "My Investment Account" section. Here, you'll find information about your current account type and settings.
• Tap on your current account type to view the available options. This will bring up the details of your current investment account, including the type of portfolio you've selected.
• At the bottom of the screen, you should see a "Change my portfolio" option. Tap on this to proceed.
• At this point, you'll have two choices: retaking the risk assessment questionnaire or manually browsing and selecting a new portfolio. If you choose to retake the questionnaire, your portfolio recommendations may change based on your updated responses. Alternatively, you can manually browse through the available portfolios and select one that aligns with your current preferences and goals.
• If your account is already active and funded, your new portfolio selection will be applied within 1 to 3 business days. If your account hasn't been funded yet, the new portfolio will be updated immediately. Remember that you can only change your portfolio once every three months.

By following these steps, you can easily access your Account Details screen through the Wahed app's main menu and make changes to your investment portfolio as needed.

Tap on your account type under 'My investment account'

To change your portfolio in Wahed Invest, you will need to log in to the app and access the main menu. From there, you can navigate to your Account Details screen.

Under the 'My Investment Account' section, tap on your account type. This will allow you to make changes to your portfolio. You can either retake the risk assessment questionnaire or manually browse through the available portfolios to select a new one.

If you have already funded your account, your new portfolio selection will be implemented within 1 to 3 business days. However, if your account has not been funded yet, the new portfolio will be updated immediately. It is important to note that you can only change your portfolio once every three months.

Tap on 'Change my portfolio'

To change your portfolio in the Wahed app, log in to your client portal and go to "Account Settings", then "Investment Profile", and then "Retake Quiz". Alternatively, you can go to the main menu, then the Account Details screen, then tap on your account type under "My Investment Account", and then tap "Change My Portfolio" at the bottom of the screen. You can then either retake the quiz or manually browse and select a new portfolio. If your account is active and funded, your new portfolio will be adjusted within the next 1-3 business days. If your account is not yet funded, the new portfolio will be updated immediately. You can only change your portfolio once every three months.

Frequently asked questions