Be a shareholder of Halal Startups.

Benefit here and Hereafter.

Invest in tomorrow. For eternity.

9

Startups

$3mn+

Invested

50+

Angels

10+

Countries

9

Startups

$3mn+

Invested

50+

Angels

10+

Countries

ESA, Camel Startup Champions

The ESA Syndicate is a closed community of Angel Investors from around the world who come together to invest in Shariah-compliant startups with the potential for huge financial returns while circulating good in this world (and the next!). We invest in good business that’s good for people.

We prefer to invest in Camel startups over those gunning to be Unicorns.
Yes, Camel. Here are 5 Reasons Camels make Amazing Startups. Camels are resilient and tough while having the ability to move at impressive speed. We look for dedicated founders and tenacious teams running technology businesses that create real value for the long haul.

ESA Syndicate is a program of Ethis, a group of award-winning fintech startups in Southeast Asia and the GCC. Ethis operates licensed investment and crowdfunding platforms. Read more at Ethis.co.

Our 4 ESA Syndicate Leads are directors in Ethis. Since 2014, Ethis has been providing investment access to SMEs and startups. We tap on our wide and deep networks in the halal and circular economy, fintech and capital markets and the startup ecosystem. Our Syndicate reviews and identifies the most promising Camel startups from our startup dealflow pipeline on our investment platforms. We actively source for startups with VCs and other Angel groups, strategic ecosystem partners and of course our own ESA members. We then collectively fund these startups, typically alongside other investors.

ESA, Camel Startup Champions

The ESA Syndicate is a closed community of Angel Investors from around the world who come together to invest in Shariah-compliant startups with the potential for huge financial returns while circulating good in this world (and the next!). We invest in good business that’s good for people.

We prefer to invest in Camel startups over those gunning to be Unicorns.
Yes, Camel. Here are 5 Reasons Camels make Amazing Startups. Camels are resilient and tough while having the ability to move at impressive speed. We look for dedicated founders and tenacious teams running technology businesses that create real value for the long haul.

ESA Syndicate is a program of Ethis, a group of award-winning fintech startups in Southeast Asia and the GCC. Ethis operates licensed investment and crowdfunding platforms. Read more at Ethis.co.

Our 4 ESA Syndicate Leads are directors in Ethis. Since 2014, Ethis has been providing investment access to SMEs and startups. We tap on our wide and deep networks in the halal and circular economy, fintech and capital markets and the startup ecosystem. Our Syndicate reviews and identifies the most promising Camel startups from our startup dealflow pipeline on our investment platforms. We actively source for startups with VCs and other Angel groups, strategic ecosystem partners and of course our own ESA members. We then collectively fund these startups, typically alongside other investors.

Membership
We are a closed community that grows through direct invitations from our members.
If you do not have an invite, you may submit an application here.

Our Angels Syndicate is open to investing in startups in all sectors

with special interest in

Fintech, finance and investment products

Agritech, food security, Halal food distribution

Islamic lifestyle and the Halal economy

Circular economy and sustainable development

Sustainable and impactful social enterprises

We welcome startups from all regions and countries to apply for funding. We seek especially commercially strong and high-impact startups from emerging economies. We also welcome founders in Muslim-minority regions with businesses that serve local and global markets. We are excited about and well-connected in Indonesia and Malaysia, and also see huge potential in South Asia.

100+

Angel investments made

Since 2021, we have invested in these startups

E-learning and business coaching platform for micro-businesses and social enterprises.

Profit-making customer-to-manufacturer groceries e-commerce platform with 40+ stores

Halal virtual kitchen and food delivery mobile app hosting multiple brands in Malaysia

Fintech Islamic finance platform enhancing the transparency of social finance and CSR

Green energy analytics and audit platform and provider of sustainable energy in Asia

HR payroll and time-tracking SaaS for SMEs to Enterprises from anywhere in the world

Blockchain-based estate management SaaS platform managing inheritance and wills

Software to empower street-cart food sellers through digitalisation and market integration

Urban mining and up-cycling of e-waste to extract valuable metals for revenue generation

On Our Radar

Muslim religious (ibadah) lifestyle app with cutting-edge features and 5mn+ downloads

The first Islamic Buy-now-pay-later platform in Malaysia, specialised in business clients

Leading
Payments Fintech

Top payments platform with more than US$2bn transacted in 2021 with the lowest fees

Islamic Economy
Data Platform

Global learning, data and investing platform serving top Islamic economy institutions

Calling Startups! Get in
our next Virtual Startup Spotlight

in August and October 2022.

Meet Our Syndicate Leads

Ms. Tech

Lilyana Abdul Latif

Having led more than 20 CTOs, she’s a techie who believes in tech for good

Mr. Growth

Khaled Fouad

Adept at scaling companies, creating US$4bn in value in his previous role

Mr. Funder

Amran Mohd

Multiple-time CEO of Islamic fund managers and investment banks since 2002

Mr. Founder

Umar Munshi

An entrepreneur for 2 decades,
he feels the pain and joy in growing a startup

Say Salam to our Community Leads

Mr. Ecosystem

Shariff Raffi

Serial entrepreneur and ecosystem networker with wide and deep relationships

Mr. Product

Shafik Ali

Multi-time tech product manager who’s now founded his own fintech startup

Our Shariah Adviser

SC Malaysia Registered Shariah Adviser

Mufti Yousuf Sultan

Founder & CEO
CSAA (AAOIFI), CIFE, MSc (INCEIF)
AAOIFI Master Trainer, Consultant & Member of Working Groups

Meet the Team Behind the Scenes

Assyvah Adinda Salvira

Program Executive

Assyvah Adinda Salvira

Nur Qistina

Program Executive

Nur Qistina

Afiqah-Farieza-1-1-768x768

Program Support

Afiqah Farieza Abdul Aziz

Mohammed Abobakr Almehdhar

Trainee Associate

Mohammed Abobakr Almehdhar

Our Tiers

Starter
Cornerstone