Wahed hires ex-OANDA Mohsin Siddiqui as COO of Shari’ah-compliant platform
“I am confident in Wahed’s unique value proposition and its product offering. I look forward to introducing Wahed’s technology platform to several key markets where there is a substantial need for riba-free financial solutions for retail investors.”
Wahed Inc. has appointed Mohsin Siddiqui as Chief Operating Officer of the global Islamic fintech company offering a globally diversified portfolio of ethically responsible stocks, Islamic bonds, and gold.
Founded in 2015, the Shari’ah-compliant platform opened its London office in January of this year and launched a debit card to help the United Kingdom’s 3.9 million Muslims manage their money.
Wahed aims to reach the world’s Muslim population of more than 2 billion people.
Mohsin Siddiqui was CCO of OANDA and CRO of ComplyAdvantage
Mohsin Siddiqui joined Wahed from UK–based RegTech company ComplyAdvantage, where he served as its Chief Revenue Officer, tasked with leading its revenue growth objectives after its Series-C round of funding.
He started his career at retail FX broker giant OANDA, where he served for eight years mainly as Chief Customer Officer and Managing Director. At OANDA, Mohsin grew OANDA’s core presence in the U.S. and Canadian markets and spearheaded its expansion into several APAC markets.
As Chief Operating Officer of Wahed, Mohsin Siddiqui will oversee the growth objectives of the company, facilitate the expansion of its product suite and focus on building a world-class technology platform in order to power Wahed’s mission of developing financial inclusion for members seeking Shari’ah-compliant products.
“A substantial need for riba-free financial solutions for retail investors”
Junaid Wahedna, the Founder and CEO of Wahed, said: “I am delighted to welcome Mohsin to the Wahed executive team. His expertise and leadership in scaling fintechs with similar growth ambitions to Wahed’s will be instrumental as we continue to advance our global growth strategy.”
Mohsin Siddiqui, Chief Operating Officer at Wahed, commented: “I am confident in Wahed’s unique value proposition and its product offering. I look forward to introducing Wahed’s technology platform to several key markets where there is a substantial need for riba-free financial solutions for retail investors.”
Wahed is licensed in 10 jurisdictions through its subsidiaries around the globe, with 11 offices serving over 300,000 customers looking for ethically-focused, Shari’ah-compliant investing.
Instead of features like gamified stock trading and crypto exchanges, Wahed focuses on security and risk aversion. The broker has raised over $75 million in funding from high-profile backers including international footballer Paul Pogba, family offices, and institutions, in order to fuel its global growth.
Wahed has recently been granted a license from the Financial Sector Conduct Authority (FSCA) in South Africa in a “huge achievement” for the halal financial investment platform. The next step will be Wahed launching its app locally in that jurisdiction, a key market for fintech expansion in Africa due to the severe economic inequality which still exists in large parts of the continent.
