Ethis has won recognition as the Best Islamic Crowdfunding Platform – for the second time.
The award was delivered at the Global Islamic Finance Awards (GIFA). Ethis Group is an Islamic investment and social finance platform with investment crowdfunding services approved by regulators in Indonesia, Malaysia, and Oman.
Ronald Yusuf Wijaya, Ethis co-founder, and Ethis Indonesia CEO, accepted the award at an event held at Djibouti Palace Kempinski on September 14, 2022.
Daud Vicary, the Chairman of the Ethis Group Board of Advisors, commented on the award:
“Back in 2016, when Ethis won this same award for the first time, I was cheering them on with the belief that they would make a dent in the Islamic finance universe. Today, as the Chairman of the board, I am truly proud of our growth, achievements and breakthroughs, which position us very strongly to continue leading and breaking new ground for Islamic fintech globally.”
Ethis noted that the recognition closely follows obtaining an investment crowdfunding license from the Capital Market Authority from the Sultanate of Oman’s regulator to run global crowdfunding activities via EthisX, described as a first-of-its-kind cross-border Ethical Private Capital Marketplace.
Ethis has also established a USD $20 million Shariah-compliant co-fund between Ethis Group and Gobi Partners to close by the end of 2022, as well as the establishment of a joint venture with Singapore-based IBF DigiLabs to develop Islamic Value Analytics.
Founded in 2014, Ethis focuses on sustainable and impact investments. Ethis is currently working on an expansion into several other jurisdictions including Saudi and Turkey.
Ethis Group co-founder Umar Munshi is the Chairman of the Islamic Fintech Alliance and Wijaya is the President of the Indonesia Sharia Fintech Association.