Tagged: erly witoyo

SME Crowdfunding Platform Kapital Boost Receives Shariah Pronouncement by FSAC

Singapore-based Kapital Boost, an Islamic SME crowdfunding platform, has received a Shariah pronouncement from the Financial Shariah Advisory & Consultancy (FSAC) on its “Murabaha” crowdfunding structure. Murabaha is an acceptable form of credit sale under Islamic religious law. Financial Shariah Advisory and Consultancy (FSAC) was introduced… Read More

Islamic Crowdfunding as a Solution for SMEs

The spirit of entrepreneurship has always been a part of Islam. Nine out of ten companions of Prophet Muhammad (pbuh) who were guaranteed heaven were businessmen. Today, entrepreneurs continue to be a driving force of the economy. The lack of financial support for small and… Read More

Islamic Fintech Alliance Launched

At the end of March, Crowdfund Insider reported the creation of the Islamic Crowdfunding Alliance. In the ensuing days in advance of the scheduled press conference the founders have repositioned their group as the Islamic Fintech Alliance (IFT Alliance). The creators of the new Alliance… Read More

Islamic Crowdfunding Alliance Formed

A group of several prominent entrants in the crowdfunding sector will announce the formation of a new Islamic Crowdfunding Alliance or ICF Alliance on April 1st. Umar Munshi, founder of eThis Crowd (Singapore), M. Raafi Hossain founder of Narwi (Qatar), Erly Witoyo, founder of Kapital… Read More

Kapital Boost Receives Recognition as Social Enterprise Startup of the Year

Kapital Boost has won the Social Enterprise Startup of the Year award during the inaugural ASEAN Rice Bowl Startup event held in Kuala Lumpur, Malaysia. Singapore-based Kapital Boost is the first Islamic peer-to-business (P2B) crowdfunding platform in Asia. Launched in July 2015, Kapital Boost has… Read More

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