Tagged: umar munshi

August 29, 2021 @ 11:00 pm By Omar Faridi  |  

Ethis Global Sdn Bhd, which operates “regulated” Shariah-compliant, “ethical” and impact focused investment crowdfunding platforms in Indonesia and Malaysia and social finance platform GlobalSadaqah, recently revealed that it finalized an RM6.8 million (appr. $1.62 million) pre-Series A round. The proceeds have will be allocated towards… Read More

November 1, 2019 @ 8:18 am By JD Alois  |  

Ethis has received regulatory approval to operate in Indonesia marking the third market this year where the platform may now provide online capital formation. Ethis received approval to provide peer to peer crowdfunding as authorized by the Financial Services Authority of Indonesia. Prior to this… Read More

May 20, 2019 @ 8:30 am By JD Alois  |  

Announced last week, the Securities Commission Malaysia revealed updated regulations as well as the approval of 8 new “Regulated Market Operators” serving the investment crowdfunding – peer to peer financing market. Included in the list of approved platforms of the first Islamic Equity Crowdfunding license,… Read More

November 9, 2018 @ 3:48 am By JD Alois  |  

Fintech Ethis, via its two online crowdfunding platforms, EthisCrowd and GlobalSadaqah, topped 135 nominees at the recent World Islamic Fintech Awards to win The Best Islamic Peer-to-Peer Finance Platform and The Best Social Impact Islamic Fintech Firm respectively. Ethis states that both platforms were established to cater… Read More

May 7, 2017 @ 2:43 pm By JD Alois  |  

The Islamic Fintech Alliance (IFT Alliance) has published its inaugural report on the emerging Fintech sector for the Muslim community. According to Umar Munshi, the Chair of the IFT Alliance; “The Islamic Fintech Alliance seeks to actively engage the stakeholders of the Islamic Economy to… Read More

March 16, 2017 @ 10:23 pm By JD Alois  |  

Ethis Ventures, a Singapore-based Islamic crowdfunding platform, has joined the United Nations Global Compact as a signatory. The UN Global Compact is the world’s largest corporate sustainability initiative that assists companies in aligning strategic operations with universal principles on human rights, labor, environment, and anti-corruption…. Read More

November 3, 2016 @ 8:12 am By JD Alois  |  

Malaysia’s EthisKapital has claimed the world’s first licensed Islamic P2P/Crowdfunding platform. The Securities Commission Malaysia awarded six peer to peer licenses, one of which is the world’s first license for Shari’ah-compliant P2P finance. EthisKapital will be focused on funding small businesses and real estate development projects…. Read More

October 7, 2016 @ 8:10 am By JD Alois  |  

EthisCrowd has been recognized as the Best Islamic Crowdfunding Platform for its social impact real estate campaigns in Indonesia. The Singapore-based platform received the award at the 6th Global Islamic Finance Awards (GIFA) 2016, in Jakarta recently. President Joko Widodo was the guest of honor and also… Read More

August 3, 2016 @ 9:32 am By JD Alois  |  

Tun Abdullah Badawi, the former Prime Minister of Malaysia, has launched the Waqf (Islamic Endowment) crowdfunding platform or WaqfWorld.  Described as the “worlds first” the new platform was announced at the 12th World Islamic Economic Foundation Forum (WIEF) held in Jakarta this past week The… Read More

May 22, 2016 @ 10:59 pm By JD Alois  |  

Singapore-based EthisCrowd has closed a S$500,000 seed round for their Islamic real estate crowdfunding platform.  The funding round may be the first of its kind in Southeast Asia. The new capital was led by Azmi Global, a subsidiary of Asmi & Associates – a top… Read More

April 26, 2016 @ 12:52 am By JD Alois  |  

Shariah-compliant crowdfunding platform Ethis hopes to raise up to S$ 1 million from executives participating in the Global Islamic Finance Forum (GIFF) being held in Kuala Lumpur May 10-12, 2016. EthisCrowd.com claims the title of the world’s first real estate Islamic crowdfunding platform.  Based in… Read More

April 8, 2016 @ 7:57 am By JD Alois  |  

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

March 28, 2016 @ 8:28 am By JD Alois  |  

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

December 2, 2015 @ 8:06 am By Umar Munshi  |  

Islamic Crowdfunding has the potential to help us change our world for the better. When an online community unites and pools resources, this community has the financial and social clout and capability to create and re-create multiple aspects of the world and directly impact society…. Read More