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EXPIRED - Wahed Invest - £50 bonus for £100+ investment

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  • bowlhead99
    bowlhead99 Posts: 12,295 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Post of the Month
    adindas wrote: »
    £50 bonus for £100 investment (for three months) is too rude not to accept.
    Remember the commitment is to stay invested for six months, not three. It would be a shame if you withdrew too early and they deducted the money they had already paid you, off your remaining balance.
  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    bowlhead99 wrote: »
    Remember the commitment is to stay invested for six months, not three. It would be a shame if you withdrew too early and they deducted the money they had already paid you, off your remaining balance.

    Thanks for remainder.
  • Alexland
    Alexland Posts: 10,183 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    Glad I did take a copy of the offer terms in post #10 as those links in post #1 have stopped working.
  • Aidanmc
    Aidanmc Posts: 1,326 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    adindas wrote: »
    I just see with scottish-friendly you could get £210 with £100 a month Investment.

    https://www.topcashback.co.uk/scottish-friendly/

    My undersatnding, after six months (Say) you get cashback of £210 and you close this account account, it is a very good return ??

    What is not good or bad about having his investment ???

    I don't think the cashback is just for investing in the ISA. Looks to be linked to getting cashback for shopping!
  • Ed-1
    Ed-1 Posts: 3,958 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    adindas wrote: »
    I just see with scottish-friendly you could get £210 with £100 a month ISA Investment ??

    https://www.topcashback.co.uk/scottish-friendly/

    My undersatnding, after six months (Say) you get cashback of £210 and you close this account account, it is a very good return ??

    What is not good or bad about having his investment ???

    Scottish friendly deduct VAT on the cashback amount so the £210 cashback is only paid at £168.
  • Alexland
    Alexland Posts: 10,183 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    adindas wrote: »
    scottish-friendly will you could get cashback of £210 with £100 a month Investment.

    I unsure why you have posted this message in two threads about unrelated products (Wahed Invest and AA Savings) but new threads discussing the downside of this provider's cashback deal occur regularly.


    Alex
  • Alexland
    Alexland Posts: 10,183 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    For anyone interested in the Wahed asset allocation here is my Moderately Aggressive Portfolio currently up £2
    2nd July 2019
    We bought £38.00 of Franklin Global Sukuk USD W Dis.

    1st July 2019
    We bought £15.74 of HSBC Islamic Global Equity Index IC.

    27th June 2019
    We bought £23.75 of iShares MSCI World Islamic ETF Dist (USD).
    We bought £10.00 of iShares MSCI EM Islamic ETF Dist (USD).
    We bought £9.99 of ETFS Physical Gold (GBP).

    23rd June 2019
    You funded your account by £100.00.
    Alex
  • Herbalus
    Herbalus Posts: 2,634 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    7. After 30 days from the date of the funds being invested, Wahed will arrange to transfer the £50 to your nominated bank account within 30 working days.

    From the terms, is everybody understanding that the £50 will be transferred within 2 months of the funds invested?

    My funds were invested on 19 June so I’m after the first set of 30 days now.
  • Alexland
    Alexland Posts: 10,183 Forumite
    Eighth Anniversary 10,000 Posts Photogenic Name Dropper
    Herbalus wrote: »
    From the terms, is everybody understanding that the £50 will be transferred within 2 months of the funds invested?

    My funds were invested on 19 June so I’m after the first set of 30 days now.

    We discussed this in post #30. The worst case is it could be 30 calendar days plus 30 working days circa 70 days. Provided we get all the money back before the end of the tax year we will be happy.

    Alex
  • busybee100
    busybee100 Posts: 1,554 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Both mine and my husbands bonuses have been paid.
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