- Investment and charity campaigns on Ethis Group and GlobalSadaqah will be featured on iSaham.
KUALA LUMPUR - Pioneering Islamic fintech Ethis Group (Ethis), which operates investment platforms approved by regulators in Indonesia and Malaysia, and its social finance marketplace GlobalSadaqah and stock screener iSaham Sdn Bhd (iSaham) has officialised a strategic partnership to bolster retail market presence in Malaysia through the signing of a memorandum of understanding. The partnership also coincides with i-Saham’s 4th anniversary.
Ethis Group and GlobalSadaqah will combine their expertise and track record in Islamic fintech, investment crowdfunding and social finance with i-Saham’s strong Malaysian retail market presence in a collective bid to bolster brand positioning and digital presence, particularly within the local retail segment which has continued to flourish despite the COVID-19 pandemic.
According to the 2020 Annual Report by the Securities Commission Malaysia, the net buying of local retail investors stood at RM14.3 billion, surpassing the RM10.3 billion spent by local institutional investors. Bursa Malaysia has also seen a significant increase in the participation of domestic retail investors in 2020, which brought the retail average daily trading value (ADTV) up by 236% to 1.6 billion.
As part of this partnership, investment and charity campaigns on Ethis Group and GlobalSadaqah will be featured on iSaham, while the stock screener will become a featured partner on both platforms. All the companies agree to cooperate, implement and develop mutually beneficial business initiatives that will also contribute to the digital economy development in Malaysia.
“This partnership brings together deep skills in financial technology all under one roof, and naturally, we knew this would be a perfect brand synergy,” says Ethis Malaysia Chief Executive Officer, Wan Mohd Dazriq Wan Zulkiflee. “Besides that, iSaham’s vision to help people invest better synergises well with Ethis, which aims to make investing more accessible to the masses. We hope, together, we can circulate good by further serving the retail investor segment, and beyond that, play an active role in contributing to the development and adoption of digital finance technology among Malaysians, in line with the Twelfth Malaysia Plan.”
GlobalSadaqah Chief Executive Officer Ifran Tarmizi welcomes the partnership as a step forward in the right direction for the social finance marketplace.
“iSaham’s track record within retail is well demonstrated through their large database of retail investors and users despite being in the market for less than five years. This, and the fact that iSaham’s persona of users blends well with GlobalSadaqah and Ethis, is why we felt this partnership would have strong potential for growth,” he says.
“Although we are a global platform, ultimately, this partnership will allow GlobalSadaqah to better serve more donors in the Malaysian community and help us drive our goal of circulating social funds for good in a smarter way via initiatives such as the Global Guardian programme,” says Ifran.
Founded in 2017, iSaham's vision is to help people invest better by providing robust, free and premium stock screeners, and research-backed investment classes. Their platform is a one-stop centre solution for assisting investors and traders in making a thorough analysis of their investments.
"The decision to partner up with Ethis was driven by their strong global presence and their reputation as a leading Islamic crowdfunding platform. We saw this as a great opportunity to cross-market our efforts," says iSaham's Founder Anas Ahmad Faris. "Ethis is one of the pioneers of Islamic finance technology and we saw that as a strong brand proposition for us."
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ABOUT ETHIS GROUP
Ethis Group operates investment platforms approved by regulators in Indonesia and Malaysia, together with charity platform GlobalSadaqah. We are concurrently exploring acquiring approvals to launch new platforms in the region and the Middle East.
Our platforms serve ordinary people, high-net-worth individuals, corporate, and government entities. Ethis built our initial track record from 2016 to 2020 in social housing in Indonesia where our global community of investors from more than 50 countries funded development projects to build close to 10,000 homes.
Since the onset of COVID-19, we have launched popular new investment products, including short-term, high-yield supply-chain financing projects in Indonesia and equity investment in ‘future tech’ startups in Malaysia. Our social finance marketplace GlobalSadaqah plays a vital role in matching donors and Islamic economy players to better distribute social finance and zakat to NGOs and social enterprises.
We exist to #circulategood. Our deep desire to create a more ethical form of finance to uplift humanity has attracted significant finance and community leaders to support our vision and mission.
For more information about Ethis, please visit https://bit.ly/3qp25tk
ABOUT GLOBALSADAQAH
GlobalSadaqah is a part of Ethis Group which operates investment platforms approved by regulators in Indonesia and Malaysia, together with its charity platform, GlobalSadaqah.
We are an award-winning CSR, Zakat and Waqf Management platform working together with stakeholders including religious bodies, foundations, banks, corporates, and the public to increase the efficiency, sustainability and impact of social finance.
Our main goal is to make giving charity easy. We strive to make your charity experience simple, straightforward and rewarding while ensuring your donations reach those who are most in need.
As a sign of our commitment to accountability, transparency, and credibility, we screen and verify the eligibility of every single fundraising campaign with support from our in-house Shariah team before hosting them on our platform.
We also enable fund matching by our corporate partners for eligible campaigns to make the charity experience more rewarding, while our on-the-ground partners ensure that every single penny you donate reaches the right beneficiaries.
For more information about GlobalSadaqah, please visit https://bit.ly/3H9Df6E
© Press Release 2021
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