Advertising regulator bans investment platform's burning banknotes ads

Wahed Invest ads appeared on Transport for London services

Jen Frost
clock • 4 min read

The Advertising Standards Authority (ASA) has banned a Halal investment platform’s adverts depicting US dollar and Euro banknotes that were on fire.

The Wahed Invest adverts had featured on Transport for London (TFL) services, including London underground tubes and buses, and had been approved by a TFL internal review. Six posters came under the advertising watchdog's scrutiny, including one that depicted two men "pointing upwards with their index fingers" and burning US dollar banknotes. Another showed a man holding an open briefcase filled with Euro and US dollar banknotes that were on fire, according to a ruling published by the ASA this morning (8 January). In some of the posters from the Financial Conduct Authority (FCA) r...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advertising regulator bans investment platform's burning banknotes ads

Advertising regulator bans investment platform's burning banknotes ads

Wahed Invest ads appeared on Transport for London services

Jen Frost
clock 08 January 2025 • 4 min read
PA Working Lunch: Seeking exceptional US growth with Baillie Gifford

PA Working Lunch: Seeking exceptional US growth with Baillie Gifford

Join PA and Baillie Gifford for an informative online session worth one hour of CPD

Jen Frost
clock 08 January 2025 • 1 min read
Cazenove Capital to adopt SDR 'Sustainability Focus' label across three funds

Cazenove Capital to adopt SDR 'Sustainability Focus' label across three funds

Total of 16 labelled strategies across Schroders Group

Cristian Angeloni
clock 07 January 2025 • 1 min read