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Umar Munshi is the founder and managing director of Ethis Group, a Malaysian fintech, impact investment, and Islamic crowdfunding pioneer. GlobalSadaqah, the company’s second important platform, is an award-winning CSR, Zakat, and Waqf Management platform that debuted in early 2018. Ethis is one of the few organizations approved to operate investment platforms in various countries, most notably for P2P financing by the Financial Services Authority Indonesia and equity crowdfunding by the Securities Commission Malaysia, as a pioneer of Fintech for Islamic finance. In addition, the company has moved into Oman and developed EthisX, the world’s first cross-border Ethical Private Capital Market.
In a nutshell, the platforms connect global investors and donors with real-world impactful and sustainable initiatives and businesses in fast-growing Southeast Asia, servicing a diverse variety of funders such as high net worth individuals, foundations, institutions, and corporations. Ethis is currently expanding and establishing operations in various parts of the world. Since 2014, Umar has worked tirelessly to establish the Ethis brand as a successful, respected, and dependable Islamic crowdfunding platform that connects small and large investors, as well as donations, to ethical and impactful projects.
Ethis’ idea is based on a growing demand in the Fintech sector, that of the Muslim community seeking secure and dependable sources of investment, philanthropy, and financial consolidation. Although Islamic finance is better aligned with social finance, Shariah-compliant requirements and other faith-related terms must still be fulfilled before Muslim investors can explore prospective opportunities. Umar identified a need in this area and established one of the most prominent Fintech platforms with Islamic compliance in mind.
GlobalSadaqah, on the other hand, is the more charitable descendant of Ethis, focused on the deed of Sadaqah (charitable alms) but with an emphasis on verified and credible sources for real charity efforts. This website, which has a list of reputable partners and adheres to the Islamic Digital Economy (IDE) criteria, is continually delivering active campaigns where benefactors can aid needy or distressed areas from all over the world. Ethis has received numerous honors for its contributions to impact investing in the Fintech space, among other things.
Umar is also the founder and Chairman of IslamicFintechAlliance.com and an Islamica500 influencer in the Islamic Economy.
