We develop pioneer #IslamicCrowdfunding platforms. Together.

We make markets that feed the soul. 

An online community circulating good. 

Make profit, not interest.

Ecosystems for humanity, and beyond.

Creating good through collaboration. 

The power of the crowd. EthisCrowd.

Family of Platforms

World’s 1st Real Estate Islamic Crowdfunding Platform

A platform for the Muslim Women Tech Alliance

Award-winning SME Islamic P2P Platform

An initiative by The Arabs’ Association Singapore

Sadaqah with Social Impact #IslamicCrowdfunding

Global Waqaf (Islamic Endowment) Platform

Crowdfund Scholarships for deserving Students in Need

Platform development, branding and design,

concept validation, database support, 

growth hacking, market leadership.

Crowdfunding Social Good.

What we do

Shari'ah-Tech Consultant

Umar Munshi is a social entrepreneur from Singapore. An entrepreneur since the age of 18, he spent half his business years in Indonesia, a short stint in Saudi Arabia and is now based in Kuala Lumpur.

He founded, the world’s first Real Estate Islamic Crowdfunding Platform. His experience and market leadership of this very new niche evolved and grew rapidly. Umar saw the unprecedented opportunity and was inspired to set up Ethis Ventures, to build more niche crowdfunding platforms with passionate and like-minded partners and collaborators.

Joann Enriquez @Maryam has a Degrees in International Studies and Business Management, Masters in Business Administration and Islamic Finance Practice, and a pending Doctorate in Business Administration from leading universities in the US, Malaysia and the Philippines.

Joann has worked and consulted for prominent financial and technology companies in Silicon Valley early in her career and was also an active contributor to the CAIR (Council on American Islamic Relations) as well as Interfaith programs focusing on Children and Motherhood.

She hopes to leave legacies that will live beyond her, and eventually give back to her roots in the Philippines especially to the marginalised Filipina Muslim who have yet to be heard and represented in trade and commerce and in policy formulation of the Nation.



Ronald Wijaya is an entrepreneur with extensive networks and excellent understanding of Indonesia. 

He is the country head for both and in Indonesia. He is also a Board and Committee member of the influential Association of Digital Entrepreneurs Indonesia. 

He has experience and connections across various industries, from commodities to manufacturing, to technology.

Yousuf Sultan is a Bangladeshi with diverse experience in Shari’ah and Tech consultancy. He holds a Masters in Islamic Finance from INCEIF, Malaysia and is a PhD candidate at the same institution. He worked with ISRA consultancy on the commentary of the Malaysian Central Bank's Shariah Standards.

Yousuf has more than 10 years of experience managing and executing international IT and technology projects, with his tech team based in Sydney, Dhaka and Kuala Lumpur. These experiences help him excel in his role as Shari’ah-Tech Consultant at Ethis Ventures.

Previously he worked as Deputy Mufti in Jamia Shariyyah Malibag, a prominent religious institution in Dhaka, Bangladesh. He also gave training and lectures on Islamic Finance standards and was a part-time teacher at Islamic University of Technology (IUT) Dhaka. Yousuf also frequently appears on TV programs in Bangladesh.


Erly Witoyo has 15 years experience in the Financial industry working at top-tier global credit rating agency and investment banks before jumping ship to Fintech. 

He has expertise in due diligence and credit analysis. Erly founded award-winning Kapital Boost, ASEAN’s first Islamic P2P crowdfunding platform. 

He is also a Board of Commissioner at PT Bubu Internet, one of the largest digital media agencies in Indonesia.

Business & Shariah Development

Ahmad is from Atlanta, Georgia USA. He began his Islamic education from childhood and completed memorization of the Quran at age 14. He holds a BSc in Usul Fiqh (Shariah) and MSc Islamic Banking and Finance both from International Islamic University Malaysia (IIUM). His thesis was on the topic of Adapting Crowdfunding for SME Finance in Malaysia. His research led him to become a specialist and consultant in Crowdfunding.

Ahmad provided Shariah and Crowdfunding Consultation to lawyers structuring Ethis contracts and was instrumental in coordinating Shariah discussions and decisions with leading international shariah advisories to acquire Shariah compliant status of the current Ethis contracts. His understanding of crowdfunding and Shariah are essential to ensure that the new approaches and structures explored and adopted by Ethis Ventures are both compliant and true to the spirit of Islamic Finance.


A popular Media personality in Singapore, Adi Rahman is a changemaker and entrepreneur, having initiated numerous successful businesses from various industries over the past decade.

Adi is also actively involved in CSR and community projects in Singapore, managing several fundraising programmes such as the Ready-for-School fund for less privileged students over the last decade. 

His credentials also include fundraising campaigns to aid in the reconstruction of older mosques in Singapore; the Darul Ihsan Orphanage; and an orphanage for children impacted by the tsunami tragedy in Mentawai, Indonesia (2010).

Chief Operating Officer

Ecosystem Partners

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