Tabadulat vs Wahed: Which Halal Investing Platform Is Right for You in 2026?

The global Islamic finance industry continues to expand rapidly as more Muslims seek investment opportunities that align with their faith and financial goals. Today, Halal investors have access to a growing number of digital platforms designed to simplify Shariah-compliant investing.

Two platforms that frequently come up in the same conversation are Tabadulat and Wahed. Both are Shariah-compliant. Both are regulated. But they are designed for very different kinds of investors, built on fundamentally different models, and structured around different investing philosophies.

This guide breaks down exactly what separates them, so you can make a clear, informed decision about which one aligns with your needs.

What Is Wahed?

Wahed Invest is a discretionary portfolio manager that builds Shariah-compliant portfolios based on your risk tolerance and rebalances them on your behalf. You pick your risk level, from Very Conservative to Very Aggressive, and Wahed allocates your money across Halal stocks, sukuk, and gold, with its own ETFs (HLAL, UMMA, and KWIN) forming part of the portfolio mix.

Beyond core investing, Wahed currently lists Savings, Retirement, Real Estate, and Ventures products, letting you build savings, back real estate deals, or invest in startups from the same platform.

Wahed lets investors monitor performance daily and download monthly statements. Portfolios are rebalanced for no additional advisory fee whenever your risk profile, funding, or market conditions change materially.

Wahed's Shariah Governance

Wahed has appointed Shariyah Review Bureau (SRB) as its Shariah Committee, "a body of scholars with Islamic finance presence in over 15 jurisdictions." Three named scholars, Sheikh Sajid Umar, Sheikh Dr. Aznan Hasan, and Sheikh Muhammad Ahmad Sultan, sit on the committee and issue rulings that are binding on the platform. Wahed publishes annual Shariah Supervisory Board audit reports going back to 2019.

Wahed's Pricing

Wahed charges a single wrap fee covering management, custodian, and transaction costs, but the exact tiers differ by region, so check the page for where you're signing up from:

• United States (wahed.com/pricing): 0.49% per year + a flat $60/year for account balances under $100,000, and 0.49% per year (no flat add-on) for balances of $100,000 and above.
• UAE / International (wahed.com/global/faqs): 0.99% per year for accounts under $250,000, and 0.49% per year for accounts of $250,000 and above.

In all regions, the wrap fee is inclusive of management and custodian costs, but does not cover wire/withdrawal charges from your bank, or the underlying expense ratios that ETF/mutual fund sponsors charge (these are passed through indirectly). Always check the current pricing page for your region before investing, since fee tiers have changed more than once historically.

Wahed's Regulatory Status

Wahed Invest Limited is regulated by the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) and holds a Category 3C license (Financial Permission No. 220065) for Shariah-compliant regulated activities of managing assets and arranging custody. Separately, Wahed Invest LLC is an SEC-registered investment adviser in the United States, providing brokerage services through its clearing partner Apex Clearing Corporation (NYSE-FINRA-SIPC member).

What Is Tabadulat?

Tabadulat is a self-directed Halal brokerage platform, registered in the Abu Dhabi Global Market (ADGM). Where Wahed manages your portfolio on your behalf, Tabadulat puts you directly in control, you screen, select, and trade Shariah-compliant stocks and ETFs yourself.

Tabadulat is regulated by ADGM's FSRA under Financial Services Permission Number 250032, covering the regulated activities of "Dealing in Investments as Principal (Matched)" and "Shariah Compliant Regulated Activities."

Tabadulat's Key Features

• Halal stock and ETF screening: Tabadulat's site states it is building toward 40,000+ stocks and ETFs screened to AAOIFI standards, with 20+ global markets on the roadmap on the platform.
• AAOIFI-based screening, continuously applied: Tabadulat adheres to AAOIFI standards and continuously monitors listed stocks and ETFs for compliance.
• Free Halal stock screening: Tabadulat is currently offering free Halal stock screening.
• Real-time compliance alerts: Tabadulat notifies users immediately if a holding no longer meets Halal criteria, with a detailed Halal compliance breakdown available at no extra cost.
• AAOIFI membership: Tabadulat has officially joined AAOIFI as a member, giving it a direct role in the standards body rather than just applying its standards from the outside.
• No riba on idle cash: Client funds are held with Tier 1 international banks in non-interest-bearing accounts, so uninvested cash doesn't generate interest.

Tabadulat's Pricing

Tabadulat's official pricing page lays out three cost components, all disclosed as separate line items in your transaction history:

In short: buying and selling whole shares of US stocks costs nothing in commissions, but holding those positions carries a 0.25%/year custody fee, and small/fractional trades carry a small flat fee. UAE residents also pay 5% VAT on the custody and flat fees.

Tabadulat's Shariah Governance

Tabadulat names Shariyah Review Bureau as the body issuing its official Sharia compliance opinion, alongside its own Shariah Supervisory Board (SSB), which is disclosed on Tabadulat's terms and conditions page.

Savings Tools: Wahed's ESA vs Tabadulat's Murabaha Savings

Both platforms also offer a dedicated savings product for short-term goals, alongside their core investing offering.

Wahed: Everyday Shariah Account (ESA)

Wahed's Everyday Shariah Account is a fee-free, Shariah-compliant savings account designed for capital preservation and short-term goals. Funds are invested in a Halal ETF (KWIN) paired with fixed sale contracts to lock in a pre-agreed price, described by Wahed as a "Halal arbitrage strategy" rather than a Murabaha structure by name. 

There are no wrap/management fees on the ESA, deposits and withdrawals are flexible (funds typically return in 1–2 business days), and the account is overseen by Wahed's Shariah Supervisory Board.

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Tabadulat: Murabaha Savings

Tabadulat's savings product is built on Commodity Murabaha, a trade-based transaction rather than a profit-sharing model.

• Mechanism: Capital is used to purchase tangible assets, which are then sold at a pre-agreed markup, giving a fixed profit rate determined at the start of the term.
• Tiers/Plans: Zero-fee tiered model, Bronze ($1k–$9.9k), Silver ($10k–$99.9k), Gold ($100k–$499.9k), and Platinum ($500k–$999.9k).

Tabadulat vs Wahed: Head-to-Head Comparison

Information verified against tabadulat.com and wahed.com as of July 2026. Fee structures, regional tiers, and market coverage can change, always confirm current details on each platform's official pricing page before investing.

The Key Differences Explained

1. Who's Making the Investment Decisions?

This is the most important difference between the two platforms. Wahed is a discretionary portfolio manager, you set a risk tolerance and Wahed handles allocation and rebalancing. Tabadulat is self-directed, you browse its screened universe of Halal stocks and ETFs and place your own trades. Neither approach is better in the abstract; it depends on how hands-on you want to be.

2. Fee Structure: AUM-Based vs. Trade-and-Custody-Based

Wahed's wrap fee bundles management, custodian, and transaction costs into one annual percentage: 0.49%–0.99% depending on your region and balance.

Tabadulat separates its costs instead: 0% commission on whole-share US stock trades, a 0.25%/year custody fee on your holdings, a $0.94 flat fee on fractional-share trades, and 5% VAT for UAE residents on the custody and flat fees. At 0.25%/year, Tabadulat's ongoing holding cost is lower than Wahed's 0.49%–0.99% wrap fee, and whole-share US trading itself is free, but it isn't a zero-fee platform once you're holding a position.

3. Market Access and Asset Coverage

Wahed's managed portfolios span multiple Shariah-compliant asset classes, global equities, sukuk, physical gold, and (in the US) real estate and venture investing. Tabadulat plans to expand equity and ETF coverage across the US, Canada, UK, Europe, GCC, Asia, and Oceania, with 20+ global markets planned and 0% commission specifically on US stocks today.

4. Shariah Governance: Regulatory Obligation vs. Voluntary Commitment

Both platforms maintain Shariah oversight and reference AAOIFI standards, and Shariah compliance forms part of the FSRA regulatory permissions under which both operate. Tabadulat's AAOIFI membership gives it direct membership in the standards-setting body, while Wahed's Shariah oversight runs through its appointed SRB committee and published annual audit reports.

5. What Happens to Your Idle Cash?

Tabadulat holds client funds in non-interest-bearing accounts at Tier 1 banks, so uninvested cash generates no riba. Wahed's Shariah-compliant portfolio structure is governed by the same principle through its Shariah Supervisory Board's screening and oversight process.

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Which Platform Is Right for You?

Choose Tabadulat if:

• You want to research, screen, and select your own Halal stocks and ETFs
• You're comfortable with a 0.25%/year custody fee (lower than Wahed's wrap fee) in exchange for zero commissions on whole-share US stock trades
• You want to track Tabadulat's expanding global market access from a single FSRA-regulated account
• You value real-time Shariah compliance alerts and AAOIFI membership.

Choose Wahed if:

• You prefer a completely hands-off experience where professionals manage your portfolio
• You want diversification across asset classes beyond equities, including sukuk, gold, and real estate
• You are new to investing and want simplicity and automation above all else
• You'd rather pay one all-inclusive annual fee than separate custody, per-trade, and VAT charges

Conclusion

Both platforms serve the same mission, but Tabadulat is the stronger choice for investors who want control without paying more for it. Wahed's convenience comes at a real cost, a 0.49%–0.99% annual wrap fee on your whole balance. Tabadulat undercuts that with a 0.25%/year custody fee, zero commission on whole-share US stock trades, free-for-life screening, real-time compliance alerts, and direct AAOIFI membership,  giving self-directed Muslim investors a lower-cost, more transparent path to a Shariah-compliant portfolio.

Start screening for free on Tabadulat today.

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Disclaimer:

This article is provided for educational and informational purposes only and does not constitute financial, investment, or Shariah advice.

Regulated by the ADGM FSRA.Capital at Risk. Not Investment advice.

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