Own Shares in Halal Startups.

Benefit here and Hereafter.

Invest in tomorrow. For eternity.

10

Startups

$3.6mn+

Invested

150+

Angels

20+

Countries

10

Startups

$3.6mn+

Invested

150+

Angels

20+

Countries

HASAN, Camel Startup Champions

HASAN 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.

HASAN 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.

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. HASAN reviews and identifies the most promising Camel startups from our startup dealflow pipeline on our investment platforms.

HASAN actively sources for startups with VCs and other Angel groups, strategic ecosystem partners and of course our own HASAN members. We then collectively fund these startups, typically alongside other investors.

HASAN, Camel Startup Champions

HASAN 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.

HASAN 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.

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. HASAN reviews and identifies the most promising Camel startups from our startup dealflow pipeline on our investment platforms.

HASAN actively sources for startups with VCs and other Angel groups, strategic ecosystem partners and of course our own HASAN members. We then collectively fund these startups, typically alongside other investors.

Membership
We are a closed angel investor community called ‘Halal Startup Angel’ or better known as HASAN.

You may be a part of the community by submitting your application here. We will be updating you on your application status via email once it has been approved.

Our Angel Network 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

A comprehensive Islamic lifestyle super app designed to help Muslims in Malaysia and across the globe

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

A fast growing grocery convenience store in Kuala Lumpur offering the best fresh produce at the best prices.

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

Meet Our Leads Investors

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

Friendly Industry Experts

Travel

Fazal Bahardeen

Founder of Crescent Ratings and Halal Trip, the world-leader in Halal Travel

Shariah

Mufti Yousuf Sultan

Founder of Adl Advisory, a consultancy ensuring Shariah compliance and spirit

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

Our Tiers

Frequently Asked Questions

We bring deal flow and convenience. We leverage the deal-sourcing and screening of Ethis platforms and our other partners, for our leads to then identify our top picks for our angel network to invest in.

The end-to-end investment facilitation which includes structuring, legal documentation, Shariah advisory, SPV formation and post-investment reporting (for some deals) is handled by licensed platforms Ethis Malaysia and EthisX in Oman. HASAN investors transact as ordinary users on our platforms.

We set up SPVs (Special Purpose Vehicles) for every investment, which will be a direct shareholder in investee companies. Angel investors are partners or shareholders in these SPVs.
HASAN members commit to a specific tier when joining. This is a commitment to gauge our network’s appetite and the size of our available capital pool, enabling us to plan and organise dealflow more effectively. For every deal, investors can decide on whether and how much to invest at your full discretion.

For startups, we suggest our network to accumulate a portfolio of 5 to 10 companies over 1 to 2 years. For other investments, it depends. Through active engagements and forums, network members and leads formulate and share tactics to invest in deals together.

For most deals, Investors can invest any amount from US$2,500.

The recommended minimums based on tiers are:
Starter: US$2,500
Pro: US$10,000
Cornerstone: US$100,000

HASAN does not currently charge members of our network any upfront fees. We do charge a 10% ‘carry’ which is a share of profits realised from any exits of our network’s portfolio companies.

New members are encouraged to make a charitable donation to HASAN Wells project, which is an endowment (Waqf) by our network.

Learn more about HASAN Wells here

We provide access to invest in Funds and other alternative investments.

We target one to three investment opportunities every quarter.

Yes, investors from all countries can invest, except for US persons (due to tax regulations). Investors will need to pass KYC and compliance on Ethis platforms.

Deals are hosted on Ethis.co/my for Malaysian companies, and on Ethisx.co for deals from other countries. You can get updates and details from the dashboard.