There's a scam/pyramid scheme using the Wahed Invest name to entice people to invest. Do be aware there are irresponsible individuals baiting people on Whatsapp by claiming to be the actual Wahed Invest promising out of world returns up to 100%. Wahed Invest nor other legitimate investment vehicles can never achieve such returns as the instruments they invest in cannot produce that kind of returns promised.
One friend told me most people know that it's a pyramid scheme buy willing join because they are heavy punters who just want to bet they are at the top of the pyramid especially if the scheme just started and is new, because the returns initially will be really really good and it's just a matter of when to jump out of the ship that is heading down the waterfall. I still recall years ago during the cryptocurrency craze some 'friend' tried to entice me to invest in this OneCoin cryptocurrency project which in the end turned out to be an international pyramid scheme spanning the globe, this OneCoin project has since been abandoned and millions and millions were lost. Lucky for me I didn't invest it it, only punt some money into bitcoin, ethereum , XRP Ripple and Monero.
There are no guarantees on investments. Investments are going to go up and down based on market forces but generally most will have an upward bias.
Updates 20200220
My friend confronted the scammer via whatsapp and ask why the guy was using Wahed Invest name and he mentioned that his name was 'Wahed' 🤦♂️🤦♀️ and hence he calls it his Wahed Trading Investment scheme., there probably is a Alipay Invest out there somewhere. However the bank account number which he asked to bank in didn't have the Wahed name inside.
Going up to Genting Highlands casino and getting a 50/50 bet on Bacarrat is going to give you better odds than this investment.
"Greed is permanent slavery" - Ali ibn Abi Talib
"Hell has three gates - Lust, Anger and Greed" - Bhagavad GitaMy original post and historical stats on the real/actual Wahed Invest is posted here. You can use my referral code cheong1 is interested to sign up with the actual Wahed Invest.
So far my returns are quite decent using moderate aggressive portfolio but I have scale down the portfolio risk to moderate already.
Updates 20201103There's another variation of the money game scammer here : https://propfessor.blogspot.com/2020/11/fake-wahed-invest-robo-advisor-pyramid.html