Ethis Global Pre-Series A Fundraising

Fintech, Crowdfunding
Kuala Lumpur, Malaysia
Pledged Amount USD 0
Raised Amount USD 0
  • Projected Return 10x
  • Indicative Exit3 to 5 years
  • Minimum GoalUS$3 million
  • Maximum GoalUS$5 million

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Today: An award-winning leader in impact investment and Islamic crowdfunding with licenses in Indonesia, Malaysia and Oman.

Tomorrow: Global Islamic Private Capital Market

Group Structure

P2P Lending in Indonesia


Equity Crowdfunding in Malaysia

Preparing to Scale Up
suruhanjaya sekuriti malaysia

Islamic Social Finance Globally

Early Growth

Equity, P2P, SPV Globally

Launch 1H 2022
capital market

VC Fund and Micro-funds

ethis fund
Launch Q4 2022

Country Profile:

In 2020, GDP exceeded US$1tn, with a population of 270mn. Growth was 3.2% in 2021 (Statista 2022).


November 2018, initially started in Singapore in 2014


P2P lending/ financing license from Financial Services Authority Indonesia. Interim approval Oct 2019 and full license Sept 2021


Raise funds from investors (HNWI, Retail, Insti) to provide lending/ financing for businesses and individuals in Indonesia pre-screened by Ethis


Rapid scaling up with local institutional investors and large clients providing SME dealflow. Strong market presence and relationships

Country Profile:

In 2020, GDP exceeded US$337mn, with a population of 33mn. Growth was 3.5% in 2021 (Statista 2022).


March 2017


First Islamic Equity Crowdfunding platform licensed by Securities Commission Malaysia. Conditional  license in April 2019 and go-live approval in July 2020 


Raise funds from investors (HNWI, Retail, Insti) to provide equity funding to businesses in Malaysia


Strong curated pipeline of companies that graduated from our internal accelerator program IFAT (Impact Fundraising Accelerator Track). Planned rollout of secondary market in 2023


October 2019


We fundraise for registered NGOs, social enterprises and organisations after a robust onboarding and verification process


Provide charity, zakat and CSR funds from the public, Islamic finance institutions, companies and foundations to global causes.. Special focus on sustainable charity programs including Qard Hassan and Waqf


Steady and stable growth of 2-3x a year since inception. First platform to accept crypto and other digital asset donations, and to be an official zakat collection agent for state government bodies


August 2021


Investment crowdfunding license from Capital Market Authority Oman. Conditional approval in Nov 2021 and full license in Mar 2022.


Oman CMA is one of few regulators to allow global issuers and fundraisers, and this is the first such license awarded in the GCC. We can raise and provide equity or debt funding. We will also introduce a new product ‘fundraising for funds’ where the crowd pools funds to become LPs in PE/ VC and mutual funds.

Group Synergy:

This will be the main global platform for our group, aggregating dealflow from our various platforms and markets, and partnering with local third-parties to provide a wider variety of investment and crowdfunding options


Launching in 1H 2022
ethis fund


May 2021


Labuan fund manager license from Labuan fund manager license from Labuan Financial Services Authority. Conditional approval in October 2021. Full license expected in 1H 2022


Full-scope fund management and investment advisory license in Labuan, offshore Malaysia. Future plans include region-focused VC/ PE funds and various alternative lending/ financing funds.

Group Synergy:

Alternative lending ‘Crowdfunding Micro-Fund’ to manage funds from existing large investors from our community, to be deployed alongside Ethis Indonesia P2P. VC fund co-managed with a top-tier VC to support ECF activity and build relevant networks for group expansion.


Launching in Q4 2022

Strategic Partner

Founded by Mufti Yousuf Sultan, the former Head of Shariah and previous COO of Ethis Group in October 2021. Adl is an independent boutique advisory and consulting firm of highly qualified individuals with unique expertise and exposure to fintech and the halal economy. See

Startup, Scaleup, Global Expansion

Phase 1:

2016 to 2021

1. Licenses in Southeast Asia
2. Islamic economy relationships
3. Product-market fit


Phase 2:


1. Scale up Licensed Markets
2. Secure a Global License and start Global business
3. Close pre-Series A round

Phase 3:


1. Secure licenses in 3 key markets
2. Expand products, revenues
3. Close Series A round

Phase 1 Traction

Combined Total (All Platforms)


Total Transactions


Paying Customers/ Users (Investors + Donors)


Volume of Funds Raised

Our People


Talents Employed


Campaigns Funded


Businesses Funded





Exponential Diversified Growth

Senior Leadership

Wisdom and Relationships

David (Daud) Vicary
Angel Investor and Chairman of Ethis Global
Former CEO of Islamic Banks and President-CEO of INCEIF (Malaysia)
Datuk Radzif Yunus
Angel Investor and Board Member of Ethis Global.
Corporate Transformation Leader. Former Group MD, SME Bank Malaysia
Amran Mohd
Angel Investor and Board Member of Ethis Global.
Former CEO of Islamic Investment Banks and Fund Managers including SBI Brunei
Md Zahid Yacob
Head of Ethis Global Investment Committee.
Property and Waqf development expert. Former CEO of Warees Investments Singapore
Khaled Fouad
Angel Investor in Global Sadaqah and Board Member of Ethis Global.
Corporate Venture Building. Former Managing Director, KAMCO Investment (Kuwait)
Rehan Noor Pathan
Angel Investor in Ethis Global and Board Member of Ethis Investment.
Institutional and Family Office Investors. Managing Director and Head of Client Coverage at Shuaa Capital (UAE)
Dr Shamsiah A Karim
Angel Investor in Ethis Global and Board Member of Global Sadaqah.
Social Finance Expert. Director and CEO, PERGAS Investment Holdings (Singapore)
Dr Hurriyah El Islamy
Board Member of Ethis Global.
Islamic Investment, Legal, Compliance and Shariah Expert. Executive Board, Indonesia Haj Financial Management Agency (BPKH)

Chief Executives

Passion and Ambition

Umar Munshi
Co-founder Managing Director, Ethis Global
Social Entrepreneur for 20 years, Chair of the Islamic Fintech Alliance founder’s group
Ronald Wijaya
Co-founder & CEO, Ethis Indonesia.
Social Entrepreneur for 15 years. President of Indonesia Fintech Shariah Association, a sub-regulatory body
Mohd Shehzad
COO, Ethis Group & CEO, Ethis Investment.
Experienced management consultant and director of an investment company in GCC
Riza Ismail
COO & Compliance Director, Ethis Investment
A corporate lawyer with wide regional experience in top-tier law firms in the GCC
Desmond Heng
COO, Ethis Indonesia.
Former COO of a Top 5 global management consultancy firm and various financial institutions in Indonesia for over 2 decades
Jamil Abbas
CFO, Ethis Indonesia.
Experienced senior executive in significant Islamic finance and economy institutions
Wan Dazriq (Daz)
CEO, Ethis Malaysia.
Founded a Venture Builder, former Innovation Lead at a Big-4 consultancy firm
Ifran Tarmizi
CEO, Global Sadaqah. 
Country Manager for a Global Islamic NGO, various roles in Islamic finance institutions
Mufti Yousuf Sultan
Co-founder & CEO, ADL Advisory. 
AAOIFI Shariah Auditor and Master Trainer, Shariah Advisor registered with Securities Commission Malaysia


The Ethis Advantage

Multiple award-winning pioneer in fintech for Shariah-compliant and impact-driven investments

Deep experience in Indonesia and Malaysia in P2P Financing and Equity Crowdfunding respectively

Deep, relevant relationships in the global Halal and Islamic economy with a healthy pipeline of deals

A diverse and active growing community including retail, HNWI, family offices and institutional investors

Replicate local success in new markets building on our unique experience and expertise

Media & Features


Double the Value in Series A

Pre-series A

Target: $5mn

Min ticket $1,000,000
Closing Q4 2022

Series A

Target: $15mn

Min ticket $2,500,000
Opens in 2023

We are now raising US$5mn at the Ethis Global Group level ahead of our Series A in Q3 2022.

We are raising US$5mn at the Ethis Global Group level ahead of our Series A. We aim for US$100mn valuation in Series A based on these milestones:

  1. Global Business: launch of EthisX Global Platform and close of our first micro-fund
  2. Scale Up: Ethis Indonesia records significant growth with the deployment of local institutional funds
  3. Secure a significant M&A transaction that will add immediate and huge value to Ethis