Draft:Ethis

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Instructions · What links here · Ethis (talk: + · bio) · (log) · Copyvios report · reFill · Citation Bot · (Search: Google, Wikipedia) · Submitted 7 days ago by Ayeshanissa (talk: D · +) · Last edited 6 days ago by Citation bot

Submission declined on 19 May 2025 by DoubleGrazing (talk).

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Declined by DoubleGrazing 35 days ago. Last edited by Citation bot 6 days ago. Reviewer: Inform author.

This draft has been resubmitted and is currently awaiting re-review.

Comment: Mostly unreferenced, and the few sources cited are insufficient for establishing notability per WP:GNG. DoubleGrazing (talk) 10:06, 19 May 2025 (UTC)

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 Malaysia-based financial technology (fintech) company focused on providing Shariah-compliant investment and financing platforms across Asia and the Middle East.^[1] The firm operates in sectors including real estate crowdfunding, peer-to-peer (P2P) lending, and equity crowdfunding, and holds regulatory licenses in several jurisdictions.

History

Ethis was established in Singapore in 2014 by Umar Munshi and Ronald Yusuf Wijaya as "Club Ethis," initially serving as a private investor network focused on impact investments in Indonesia.^[2] The company expanded to Malaysia in 2016 and was formally incorporated as Ethis Global Sdn Bhd in Malaysia in 2018.^[3] In 2023, it transitioned to an unlisted public company structure, becoming Ethis Global Berhad.

Operations and Subsidiaries

Ethis Global Berhad operates several regulated financial platforms and subsidiaries across multiple jurisdictions:

Ethis Indonesia

Originally operating as Ethis Pte Ltd (2016–2020), this entity received a peer-to-peer lending license from Indonesia's Financial Services Authority (OJK) in 2021.^[4] The platform facilitates investments in real estate and SME trade finance.

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 startup accelerator launched in 2024, managed by Ethis Fund.^[5]

Global Sadaqah

A digital platform focused on Islamic charitable giving (sadaqah) and social finance instruments including zakat and waqf.^[6]

Ethis Malaysia

Launched in 2020, Ethis Malaysia received approval from the Securities Commission Malaysia to operate an Islamic equity crowdfunding platform, reportedly the first such license in the country.^[2]^[5]

EthisX

A licensed private capital market platform in Oman that facilitates debt and equity-based financial instruments.

Ethis Türkiye

In the process of acquiring a license from Türkiye’s Capital Markets Board, aiming to offer SME financing solutions.

Business Model

Ethis operates digital platforms that connect investors with investment opportunities that comply with Islamic financial principles. Its platforms facilitate various financial products, including:

Short-term financing for small and medium enterprises
Real estate development financing, with a focus on affordable housing projects
Equity investments in early-stage businesses
Islamic charitable giving

The company employs technological solutions to increase financial inclusion and accessibility to investment opportunities while adhering to Shariah compliance standards overseen by religious advisors.^[7]

Governance & Leadership

Key individuals in Ethis Global's leadership team include:

Umar Munshi^[8] – Founder and Managing Director
Ronald Yusuf Wijaya – Co-founder and CEO of Ethis Indonesia
Amran Mohd – Board member
Dr. Hurriyah El Islamy – Board member
Khaled Fouad – Managing Partner, Ethis Türkiye
Mohd Akhtaar – Principal, HASAN.VC

Recognition and Developments

2016: Received the Islamic Economy Award in Dubai.^[9]
2019: Licensed by Malaysia's Securities Commission for equity crowdfunding.
2021: Raised RM6.8 million in pre-Series A funding.
2022: Expanded to Oman; received industry recognition for Islamic crowdfunding.^[10]
2024: Launched HASAN.VC, focused on early-stage halal startups.

References

^ "Ethis Review - Halal Far-Eastern Property Investment | IFG — Islamic Finance Guru". Islamic Finance Guru. 31 May 2022.
^ ^a ^b "Global Islamic Fintech Report 2024/25" (PDF). Qatar Financial Centre.
^ "Here are 9 SC-licensed ECF platforms in M'sia for startups to raise investor funds". vulcanpost. 17 April 2023.
^ "Leveraging Islamic Fintech to Improve Financial Inclusion". World Bank Group. 18 November 2020.
^ ^a ^b "HASAN VC". HASAN VC.
^ Santoso, Ahmad; Sudarsono, Heri; Hawariyuni, Weni (27 March 2024). "Young Muslim generations and sadaqah through digital platforms: Do sadaqah literacy and religiosity matter?". Journal UII.
^ "Global Islamic Fintech Report 2023/24" (PDF). Qatar Financial Centre (QFC).
^ "Ethis' Co-founder Umar Munshi Receives Emerging Leader Prize". Fintech News MY. October 6, 2022.
^ "GIES 2016-Islamic Economy Award 2016 winners announced at Global Islamic Economy Summit". SALAAM GATEWAY. 11 October 2016.
^ "GIFA Award Winners 2022 Winners". gifaawards.

[1] "Ethis Review - Halal Far-Eastern Property Investment | IFG — Islamic Finance Guru". Islamic Finance Guru. 31 May 2022.

[:0-2] "Global Islamic Fintech Report 2024/25" (PDF). Qatar Financial Centre.

[3] "Here are 9 SC-licensed ECF platforms in M'sia for startups to raise investor funds". vulcanpost. 17 April 2023.

[4] "Leveraging Islamic Fintech to Improve Financial Inclusion". World Bank Group. 18 November 2020.

[:1-5] "HASAN VC". HASAN VC.

[6] Santoso, Ahmad; Sudarsono, Heri; Hawariyuni, Weni (27 March 2024). "Young Muslim generations and sadaqah through digital platforms: Do sadaqah literacy and religiosity matter?". Journal UII.

[7] "Global Islamic Fintech Report 2023/24" (PDF). Qatar Financial Centre (QFC).

[8] "Ethis' Co-founder Umar Munshi Receives Emerging Leader Prize". Fintech News MY. October 6, 2022.

[9] "GIES 2016-Islamic Economy Award 2016 winners announced at Global Islamic Economy Summit". SALAAM GATEWAY. 11 October 2016.

[10] "GIFA Award Winners 2022 Winners". gifaawards.

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