Islamic Fintech Wahed Selects New UK GM

Wahed Inc., an Islamic Fintech firm, has announced the appointment of Umer Suleman as General Manager of UK operations. According to a note from the company, his responsibilities will include overseeing Wahed Invest’s growth strategy and solidifying the firm’s position as a top provider of ethically focused investment services.

Suleman has worked for over 15 years in regulatory, risk, and strategy consultancy roles, as well as positions at HSBC, UKIFC, Daiwa Capital Management, and Ernst & Young (EY).

While at HSBC, Suleman was Head of KYC Risk globally within their Global Banking & Markets business, Head of Business & Conduct Risk for MENA within Retail Banking, and headed up the CCO function for Digital (GLCM) within the UK with a global remit.

In his new role Suleman will be responsible for expanding Wahed’s services across the UK, one of the world’s fastest-growing – and most developed – Islamic finance sectors. Britain is home to 3 million Muslims and boasts the biggest market for Islamic finance outside of the traditional Muslim regions, with global population figures projected to double over the next forty years. Under his leadership, Wahed will aim to address the underbanked needs of the Muslim community while also serving the increasing number of retail investors currently seeking ethical alternatives to wealth creation.

Launched in 2017, Wahed has developed a digital platform that balances ethical finance with modern investments, attracting over 200,000 active clients from around the world.

“Mr. Suleman’s appointment reaffirms our commitment to providing innovative and outstanding ethically driven financial services to a market that, historically, has been underserved,’ Junaid Wahedna, CEO stated. “We’re delighted to welcome Umer to the team and firmly believe that with him at the helm, our operations in the UK will continue to go from strength to strength and provide customers seeking ethical investments with accessible, trustworthy and innovative solutions.”

The appointment of Suleman comes within six months of Wahed acquiring UK-based Fintech Niyah. The company expects to utilize the UK’s position as a leading hub for Islamic finance as a springboard into other European cities.



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