Draft:Ethis

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Last edited by Ayeshanissa (talk | contribs) 19 days ago. (Update)

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Comment: In accordance with Wikipedia's Conflict of interest policy, I disclose that I have a conflict of interest regarding the subject of this article. Ayeshanissa (talk) 10:44, 11 April 2025 (UTC)

Ethis Global Berhad is a Malaysian-based venture builder that focuses on fintech platforms and investment firms with a particular emphasis on Islamic finance^[1]. The company holds multiple regulatory licenses for fund management, peer-to-peer (P2P) financing, and equity crowdfunding in various countries across Asia and the Middle East^[2]. Ethis develops and operates digital finance platforms designed to facilitate ethical investments, often aligning with Islamic financial principles.

The company supports projects across sectors such as real estate development (particularly affordable housing), trade finance for small and medium-sized enterprises (SMEs), startup funding, and charitable initiatives. Its platforms aim to broaden access to alternative investments by offering debt- and equity-based financial products^[3], with an emphasis on financial inclusion and sustainability.

History

Ethis was established in Singapore in 2014 by Umar Munshi, who co-founded the company with Ronald Yusuf Wijaya. The company originated as Club Ethis, a private investor network focusing on impact investments in Indonesia. Driven by increasing demand for halal investment opportunities, it quickly expanded its presence in the region.

In 2016, Ethis entered the Malaysian market, and in 2018, Ethis Global Sdn Bhd was incorporated. It later transitioned into an unlisted public company, Ethis Global Berhad, in 2023.

Operations and Subsidiaries

Ethis operates several entities and platforms:

Ethis Indonesia

Initially operating as Ethis Pte Ltd (2016–2020), this entity pioneered Islamic real estate crowdfunding. In 2021, PT Ethis Fintek Indonesia received a full P2P lending license from Indonesia’s Financial Services Authority (OJK), subsequently launching a mobile app offering short-term SME trade finance investments.

Ethis Fund

Ethis Investment Management Ltd, licensed by the Labuan Financial Services Authority, manages funds focused on halal venture capital and alternative investments.

HASAN.VC

A venture capital fund and virtual accelerator established in 2024, HASAN.VC targets early-stage startups. It is managed by Ethis Fund and based in Labuan, with an affiliated accelerator in Singapore.

Global Sadaqah

A crowdfunding platform for charitable giving and Islamic social finance instruments, including zakat, waqf, and qard hassan.

Ethis Malaysia

Launched in 2020, this entity was the first to receive approval from the Securities Commission Malaysia for an Islamic equity crowdfunding platform.

EthisX

A licensed private capital market platform in Oman, EthisX enables debt- and equity-based issuances in Oman and other jurisdictions.

Ethis Türkiye

As of 2025, Ethis Türkiye is in the process of acquiring a license from the Capital Markets Board of Türkiye, with plans to launch a debt-based financing platform for SMEs.

Business Model

Ethis provides investment platforms that offer Shariah-compliant products to both retail and institutional investors. Its investment offerings include:

Short-term financing for SMEs based on profit-and-loss sharing models
Supply-chain finance structured around trade-based transactions
Syndicated equity investments in early-stage businesses
Managed funds targeting alternative investments and venture capital

The platforms adhere to Islamic finance principles through collaboration with Shariah advisors and the implementation of compliance processes. Technology is central to Ethis’s operations, with platforms designed to enhance investor transparency and accessibility.

Governance & Leadership

Ethis is led by a team of experienced leaders in investments, technology, and Islamic finance. Key figures include:

Umar Munshi^[4] - Founder & Managing Director, Ethis Global and Managing Partner, HASAN.VC
Ronald Yusuf Wijaya - Co-founder, Ethis Global and CEO, Ethis Indonesia
Amran Mohd - Board member, Ethis Global
Hurriyah El Islamy - Board member, Ethis Global
Khaled Fouad - Managing Partner, Ethis Türkiye, Board member, Ethis Global
Mohd Akhtaar - Principal, HASAN.VC

Notable Developments

2014: Established in Singapore, launched Club Ethis
2015: Expanded to Indonesia, introduced Islamic real estate crowdfunding
2016: Expanded to Malaysia; received the Islamic Economy Award from HE Sheikh Hamdan bin Rashid of Dubai
2018: Established Ethis Global in Malaysia; launched GlobalSadaqah.com
2019: Received Malaysia's first Islamic equity crowdfunding license
2021: Raised RM6.8 million in pre-Series A funding
2022: Expanded operations to Oman; received Best Islamic Crowdfunding Platform^[5] award
2024: Launched HASAN Venture Capital

References

^ "Wayback Machine". openknowledge.worldbank.org. Archived from the original on 2025-01-27. Retrieved 2025-04-28.
^ Khan, Ibrahim (2022-05-31). "Ethis Review - Halal Far-Eastern Property Investment | IFG — Islamic Finance Guru". Retrieved 2025-04-28.
^ Hassan, Hakem (2023-04-17). "Here are 9 SC-licensed ECF platforms in M'sia for startups to raise investor funds". Vulcan Post. Retrieved 2025-04-28.
^ Malaysia, Fintech News (2022-10-06). "Ethis' Co-founder Umar Munshi Receives Emerging Leader Prize". Fintech News Malaysia. Retrieved 2025-04-11.
^ Malaysia, Fintech News (2022-10-06). "Ethis' Co-founder Umar Munshi Receives Emerging Leader Prize". Fintech News Malaysia. Retrieved 2025-04-28.

[1] "Wayback Machine". openknowledge.worldbank.org. Archived from the original on 2025-01-27. Retrieved 2025-04-28.

[2] Khan, Ibrahim (2022-05-31). "Ethis Review - Halal Far-Eastern Property Investment | IFG — Islamic Finance Guru". Retrieved 2025-04-28.

[3] Hassan, Hakem (2023-04-17). "Here are 9 SC-licensed ECF platforms in M'sia for startups to raise investor funds". Vulcan Post. Retrieved 2025-04-28.

[4] Malaysia, Fintech News (2022-10-06). "Ethis' Co-founder Umar Munshi Receives Emerging Leader Prize". Fintech News Malaysia. Retrieved 2025-04-11.

[5] Malaysia, Fintech News (2022-10-06). "Ethis' Co-founder Umar Munshi Receives Emerging Leader Prize". Fintech News Malaysia. Retrieved 2025-04-28.

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