Wahed and Qatar's Endowments Agency Launch AI-Based Shariah Equity Platform
Wahed MENA LLC, an Islamic fintech leader, has partnered with Qatar's General Directorate of Endowments at the Ministry of Awqaf and Islamic Affairs to create an innovative artificial intelligence-driven platform for Shariah equity analysis. Announced during a formal agreement signing on June 11, 2026, this collaboration aims to equip Qatar's endowment sector with advanced tools for evaluating investments against Shariah compliance standards.
The newly established platform seeks to merge Wahed's global experience in Islamic finance with Awqaf's profound understanding of Shariah principles. This initiative aligns with Qatar's strategic goals as it gears towards embracing digital transformation within its financial landscapes. By focusing on modern technological applications, this partnership is a significant step in reshaping how Islamic finance operates in the region.
Designed specifically for the Qatar Stock Exchange (QSE), the platform will employ a combination of artificial intelligence techniques and natural language processing, featuring an intuitive bilingual Arabic-English interface. This user-friendly setup aims to facilitate internal investment assessments performed by the Awqaf. Expected capabilities include historical compliance tracking, risk assessment, dividend analysis, and an AI-supported chatbot for internal inquiries regarding investments.
These features will not only streamline the equity screening process but will also bolster the transparency and governance of endowment investments. Mohammed Abdullah Al Harmi, Director of the Investment Department at Awqaf, emphasized the project's significance, stating that it marks a pivotal moment in advancing endowment operations while blending traditional Shariah authenticity with modern technological advancements.
Khalid Al Jassim, Executive Chairman of Wahed MENA, echoed the sentiment, highlighting the initiative's role in enhancing access to precise and comprehensive Shariah-compliant investment information. Once fully operational, the platform is expected to become a model for other endowment institutions and financial organizations aspiring to incorporate AI and modern analytical techniques into their operations.
Wahed Inc., headquartered in New York, has established itself as a vanguard in the field of Islamic fintech, committed to making financial services accessible and compliant with Shariah principles. With a global reach that extends to nine countries, Wahed currently manages over $2 billion in assets for more than 450,000 clients worldwide. This partnership is not merely an operational upgrade; it embodies a broader trend toward integrating leading-edge technology with enduring financial practices in Islamic finance.
The newly established platform seeks to merge Wahed's global experience in Islamic finance with Awqaf's profound understanding of Shariah principles. This initiative aligns with Qatar's strategic goals as it gears towards embracing digital transformation within its financial landscapes. By focusing on modern technological applications, this partnership is a significant step in reshaping how Islamic finance operates in the region.
Designed specifically for the Qatar Stock Exchange (QSE), the platform will employ a combination of artificial intelligence techniques and natural language processing, featuring an intuitive bilingual Arabic-English interface. This user-friendly setup aims to facilitate internal investment assessments performed by the Awqaf. Expected capabilities include historical compliance tracking, risk assessment, dividend analysis, and an AI-supported chatbot for internal inquiries regarding investments.
These features will not only streamline the equity screening process but will also bolster the transparency and governance of endowment investments. Mohammed Abdullah Al Harmi, Director of the Investment Department at Awqaf, emphasized the project's significance, stating that it marks a pivotal moment in advancing endowment operations while blending traditional Shariah authenticity with modern technological advancements.
Khalid Al Jassim, Executive Chairman of Wahed MENA, echoed the sentiment, highlighting the initiative's role in enhancing access to precise and comprehensive Shariah-compliant investment information. Once fully operational, the platform is expected to become a model for other endowment institutions and financial organizations aspiring to incorporate AI and modern analytical techniques into their operations.
Wahed Inc., headquartered in New York, has established itself as a vanguard in the field of Islamic fintech, committed to making financial services accessible and compliant with Shariah principles. With a global reach that extends to nine countries, Wahed currently manages over $2 billion in assets for more than 450,000 clients worldwide. This partnership is not merely an operational upgrade; it embodies a broader trend toward integrating leading-edge technology with enduring financial practices in Islamic finance.
Topics Financial Services & Investing）
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