We develop pioneer #IslamicCrowdfunding platforms. Together.

We make markets that feed the soul. Online.

An online community circulating good. Make profit, not interest.

Ecosystems for humanity, and beyond.

Creating good through collaboration. 

The power of the crowd. EthisCrowd.

Coming soon

Ethis South Africa

Licensed Islamic P2P Home Financing in Brunei

Ethis Indonesia

A platform for the Muslim Women Tech Alliance

Licensed Islamic P2P Platform in Malaysia

World’s 1st Real Estate Islamic Crowdfunding Platform

A Waqaf platform for Awqaf Holdings Berhad in Malaysia

An initiative by The Arabs’ Association Singapore

Ethis Nigeria

Portfolio Companies

Award-winning SME Islamic P2P Platform

Ethis Kapital

Ethis Brunei

Global Waqaf (Islamic Endowment) Platform

Licensed Islamic Crowdfunding Platform in Indonesia

Licensed Islamic Crowdfunding Platform in Nigeria

Licensed Islamic Crowdfunding Platform in South Africa

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 has a Bachelors of Arts in International Studies and Bachelors of Science in Business  Management from De La Salle University. She has a Masters in Business Administration and pending Doctorate in Business Administration from the University of Phoenix, USA and has recently completed her Master’s in Islamic Finance Practice from the International Centre for Islamic Finance, Malaysia. 

Joann has worked and consulted for various prominent financial and technology companies in

the Silicon Valley while based in San Francisco, California most of her adult life. While in California, she was an active contributor to the CAIR, Council on American Islamic Relations and

was very active in 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.


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 the Managing Partner of, the world's first global Waqf Crowdfunding platform. 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).

If what we do excites you, and you have a crowdfunding idea to unleash to EthisCrowd, we may be your next partner. Submit your interest.

Chief Operating Officer


Yousuf Sultan is a Bangladeshi born with diverse experience in Shari’ah and Tech consultancy, home and abroad. He holds MSc in Islamic Finance degree from INCEIF, Malaysia. Currently he’s a PhD candidate at the same institution. He sits in the Shari'ah Supervisory Committee of Perfect Group - a promising non-banking Islamic Finance institution in Dhaka, where he provides training and consultation on Islamic Finance. While at INCEIF, he worked with ISRA Consultancy on preparing and proofreading the commentary on the BNM Shari’ah Standards. He also worked as Research Assistant at INCEIF on projects related to Islamic Jurisprudence, Social, Ethical and Islamic Finance.

Yousuf comes from a traditional Shari’ah background. He graduated with the ‘Takmeel in uloom shar’iyyah’ and ‘Al-Takhassus fil Fiqh al-Islami’ degree from Jamia Shar’iyyah Malibag, Dhaka. He worked as Deputy Mufti in Jamiatul Asad al-Islamia Dhaka and Jamia Shariyyah Malibag – both are prominent Darul Ulooms in Dhaka, Bangladesh. He provided training on AAOIFI shari’ah standards to a number of students online. He has been a part time teacher at Islamic University of Technology (IUT) Dhaka, a subsidiary organ of OIC. Apart from the teaching profession, he frequently appeared as a speaker for live and recorded religious programs in various TV channels.

Mufti Yousuf has long experience working with web servers, web application development, and e-commerce integration. His team provided web solutions to more than a hundred clients all over the world. He managed an IT startup which was focused on providing web solutions for various religious scholars, schools and universities across the country. He organised several IT awareness seminars and trainings for Ulama throughout his home country.

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.


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.

Ecosystem Partners

Erly, CEO of Kapital Boost

What Some Of Our Users Say

"We're excited to be a part of this fast growing family that's changing the landscape for Muslim Communities"

"Ethis Indonesia has grown from strength to strength when we leverage across the families of Ethis Portfolio Companies"

Our users love our platform & features.

Ronald, Managing Director of Ethis Indonesia

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