Malaysia Gets its First Fully Shariah-Compliant Equity Crowdfunding Platform through Ethis Group

September 22, 2020

Ethis Group has launched Malaysia’s first fully Shariah-compliant equity crowdfunding platform, according to information shared by the company. Having received approval from the Securities Commission Malaysia, Ethis Malaysia will serve as a digital Stock Exchange, allowing Malaysian companies to raise funds via share issuances, whilst allowing investors to trade these shares on the platform, subsequently.

In a statement issued during the launch, the Chief Executive Officer of Ethis Malaysia, Mohamed Shehzad Islam, noted that Ethis Malaysia served to prioritise investment opportunities with a positive impact, using technology to move funds and circulate wealth within the real economy.