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| Source: Wahed. Qatar's General Authority of Endowments will work with Wahed to develop an AI-powered equity analysis platform. |
Wahed, a global Islamic fintech and asset manager, has announced that its Qatar-based entity, Wahed MENA, has signed a memorandum of understanding (MoU) with The General Directorate of Endowments at the Ministry of Awqaf and Islamic Affairs in Qatar.
Under the terms of the agreement, Wahed MENA will develop and pilot an AI-powered shari'ah equity analysis and screening platform tailored to the needs of Qatar's endowment sector. Bringing together Wahed's global expertise in Islamic fintech and asset management with Awqaf's shari'ah and investment expertise in endowment oversight, the initiative is designed to build a smarter, more efficient approach to screening and analysing equities listed on the Qatar Stock Exchange (QSE) for shari'ah compliance.
The project supports Awqaf's efforts to leverage cutting-edge technologies and digital innovation in line with the Ministry's Strategic Plan (2025-2030), which focuses on digital transformation, AI technologies, institutional innovation, performance efficiency and sustainability. It also aligns with Qatar National Vision 2030 and the country's broader transition toward a knowledge-based economy.
The platform will combine AI-driven equity screening, natural language processing (NLP), financial indicator and ratio analysis, and a bilingual Arabic-English interface to support Awqaf's internal investment assessment processes. Features under development include dividend screening, historical shari'ah compliance tracking, risk-based analysis and an AI-assisted shari'ah screening support chatbot for internal use.
By combining financial data analysis, compliance monitoring and intelligent screening capabilities, the platform is expected to enhance the speed, consistency and scalability of investment analysis, strengthen governance and transparency in endowment investment management, and provide institutional-grade insights to support decision-making on robust Shariah and financial foundations.
Mohammed Abdullah Al Harmi, Director of the Investment Department at the General Directorate of Endowments, described the project as a crucial step in advancing endowment work. "This initiative ushers in a new era of endowment operations that combines shari'ah authenticity with technological innovation," he said.
"This partnership reflects our commitment to putting technology in service of Islamic finance principles," said Khalid Al Jassim, Executive Chairman of Wahed MENA.
"By working with Awqaf, we are taking a meaningful step toward making shari'ah-compliant investment intelligence more precise, accessible and scalable."
The initiative represents a significant step forward in the adoption of AI within Islamic asset management. Upon completion, the platform will serve as a model for endowment institutions, asset managers, sovereign entities and financial organisations seeking to integrate AI into shari'ah-compliant investment processes.