Awaed operates a digital investing and trading platform for individuals in Saudi Arabia and beyond, combining stocks, investment funds, and Shariah-compliant murabaha opportunities in a single portfolio. The platform offers commission-free trading across Saudi and U.S. markets and is delivered through web and mobile applications. Awaed is authorized by the Capital Market Authority in Saudi Arabia for dealing, asset management, and custody activities.
The engineering work spans several domains: fintech platform development, web and mobile application development, cloud infrastructure on Oracle Cloud, and integrations with banking and government services. Notable integrations include the Absher government services platform, used to speed up account opening and everyday access, and Apple Pay for faster account funding. Locally hosted infrastructure is used to meet Saudi regulatory and security requirements.
Shariah compliance is embedded in the technology itself, with screening of investments and oversight from a dedicated Shariah committee. Portfolio management systems support a unified view across asset classes, and the product is built to serve both first-time investors and experienced traders.
The team is cross-functional, spanning product, engineering, investment management, compliance, and customer support. Stated priorities include reducing hidden costs, making compliance easier to understand, and an emphasis on transparency, security, and accessibility.
