Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Guides
Investing & Returns

How to Update Your Bank Account Details for Rental Income

Published on:
September 29, 2025
Table of Contents
Why bank details are needed?
How to request a bank account update?
What happens after your request?
Frequently asked Questions

Key Takeways:

1
Your rental income is paid directly to your verified bank account.
2
Updating your bank details requires verification to protect your funds and meet regulatory requirements.
3
To update your details: contact our support team, submit the necessary documents and we’ll update your bank details in the backend.
4
5

If you've changed your bank account or want your rental income to be paid into a different account, you can request an update by contacting our team. This helps prevent any delays or issues in transferring your rental income.

Why bank details are needed

Your rental income from Wahed Real Estate is disbursed quarterly and sent directly to your linked bank account. If your bank account has changed, it’s important to update your details to avoid payment issues or delays.

How to request a bank account update

To update your bank account details:

  1. Reach out to our support team at support.ventures@wahed.com

  2. Our team will respond with details on what’s required to verify your new bank account. This may include:

    • A bank statement (dated within the last 3 months) clearly showing your name, account number and sort code
    • A valid form of identification, if needed

  3. Reply to the email with the requested documents attached

Please make sure the name on your bank account matches the name on your Wahed profile. If there’s a mismatch, we may request additional information to match with the bank details.

What happens after your request

Once we’ve received and verified your documents:

  • Your bank account details will be updated securely in our system
  • All future rental income payments will be sent to your new account
  • You’ll receive a confirmation email once the update is complete

Please note: For security and compliance reasons, we can’t make changes without proper documentation.

Can I update my bank details through the app?

Unfortunately, we don’t provide this functionality at this time. Bank details can only be updated through our support team.

Will this affect upcoming rental payments?

If the update is made before the next disbursement window, your payment will be sent to the new account. If not, the change will apply from the following cycle.

Why do you ask for verification documents?

To comply with FCA regulations and prevent fraud, we must ensure the account belongs to you before we make any changes.

What if my bank account name doesn’t match my Wahed profile?

If your bank account name is different from the name on your Wahed account, we may be unable to disburse your rental income. Our team will request an official bank statement to confirm the account belongs to you. This helps us protect your funds and meet regulatory obligations.

What exactly is Wahed Real Estate?

Wahed Real Estate is the shariah-compliant investment platform for real estate, allowing people to passively invest in high-yielding properties in the UK.

What exactly is Wahed Real Estate?

Wahed Real Estate is the shariah-compliant investment platform for real estate, allowing people to passively invest in high-yielding properties in the UK.

Frequently asked questions

Can I update my bank details through the app?

Unfortunately, we don’t provide this functionality at this time. Bank details can only be updated through our support team.

Will this affect upcoming rental payments?

If the update is made before the next disbursement window, your payment will be sent to the new account. If not, the change will apply from the following cycle.

Why do you ask for verification documents?

To comply with FCA regulations and prevent fraud, we must ensure the account belongs to you before we make any changes.

What if my bank account name doesn’t match my Wahed profile?

If your bank account name is different from the name on your Wahed account, we may be unable to disburse your rental income. Our team will request an official bank statement to confirm the account belongs to you. This helps us protect your funds and meet regulatory obligations.

What exactly is Wahed Real Estate?

Wahed Real Estate is the shariah-compliant investment platform for real estate, allowing people to passively invest in high-yielding properties in the UK.

What exactly is Wahed Real Estate?

Wahed Real Estate is the shariah-compliant investment platform for real estate, allowing people to passively invest in high-yielding properties in the UK.

Can I update my bank details through the app?

Unfortunately, we don’t provide this functionality at this time. Bank details can only be updated through our support team.

Will this affect upcoming rental payments?

If the update is made before the next disbursement window, your payment will be sent to the new account. If not, the change will apply from the following cycle.

Why do you ask for verification documents?

To comply with FCA regulations and prevent fraud, we must ensure the account belongs to you before we make any changes.

What if my bank account name doesn’t match my Wahed profile?

If your bank account name is different from the name on your Wahed account, we may be unable to disburse your rental income. Our team will request an official bank statement to confirm the account belongs to you. This helps us protect your funds and meet regulatory obligations.

What exactly is Wahed Real Estate?

Wahed Real Estate is the shariah-compliant investment platform for real estate, allowing people to passively invest in high-yielding properties in the UK.

What exactly is Wahed Real Estate?

Wahed Real Estate is the shariah-compliant investment platform for real estate, allowing people to passively invest in high-yielding properties in the UK.

What exactly is Wahed Real Estate?

Wahed Real Estate is the shariah-compliant investment platform for real estate, allowing people to passively invest in high-yielding properties in the UK.

Can I update my bank details through the app?

Unfortunately, we don’t provide this functionality at this time. Bank details can only be updated through our support team.

Will this affect upcoming rental payments?

If the update is made before the next disbursement window, your payment will be sent to the new account. If not, the change will apply from the following cycle.

Why do you ask for verification documents?

To comply with FCA regulations and prevent fraud, we must ensure the account belongs to you before we make any changes.

What if my bank account name doesn’t match my Wahed profile?

If your bank account name is different from the name on your Wahed account, we may be unable to disburse your rental income. Our team will request an official bank statement to confirm the account belongs to you. This helps us protect your funds and meet regulatory obligations.

Can I update my bank details through the app?

Unfortunately, we don’t provide this functionality at this time. Bank details can only be updated through our support team.

Will this affect upcoming rental payments?

If the update is made before the next disbursement window, your payment will be sent to the new account. If not, the change will apply from the following cycle.

Why do you ask for verification documents?

To comply with FCA regulations and prevent fraud, we must ensure the account belongs to you before we make any changes.

What if my bank account name doesn’t match my Wahed profile?

If your bank account name is different from the name on your Wahed account, we may be unable to disburse your rental income. Our team will request an official bank statement to confirm the account belongs to you. This helps us protect your funds and meet regulatory obligations.

Can I update my bank details through the app?

Unfortunately, we don’t provide this functionality at this time. Bank details can only be updated through our support team.

Will this affect upcoming rental payments?

If the update is made before the next disbursement window, your payment will be sent to the new account. If not, the change will apply from the following cycle.

Why do you ask for verification documents?

To comply with FCA regulations and prevent fraud, we must ensure the account belongs to you before we make any changes.

What if my bank account name doesn’t match my Wahed profile?

If your bank account name is different from the name on your Wahed account, we may be unable to disburse your rental income. Our team will request an official bank statement to confirm the account belongs to you. This helps us protect your funds and meet regulatory obligations.

What exactly is Wahed Real Estate?

Wahed Real Estate is the shariah-compliant investment platform for real estate, allowing people to passively invest in high-yielding properties in the UK.

Disclaimers:
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. Always  consult your own tax, legal and accounting advisors before engaging in any transaction.

Investing in start-up limited companies carries certain risks which can include (but is not limited to) illiquidity; a potential lack of dividends; loss of the entire Investment and dilution, and it is your responsibility to satisfy yourself that this risk is acceptable to you. The asset owned by the SPV you hold shares in is a property that receives rent, this will be paid to you and the other shareholders of the SPV in the form of dividends, net of any fees, costs and expenses payable. In the event that the property does not produce rent or the amount of rent received is less than the amount of fees, expenses and costs payable, no dividends will be paid. As such, there is a risk that you will not see a return on your investment. Making an investment should be done only as part of a diversified portfolio. This means that you should invest in relatively small amounts into multiple assets / SPV’s rather than one or two. Further, you may only want to invest a small proportion of your investable capital in any start-up business / SPV and other money invested in safer, more liquid assets. Past performance should not be used as a reliability indicator as future potential is unknown and is independent of past performance. Please note that this does not constitute investment/ Financial advice.