Umar Munshi, CEO of EthisCrowd

World's first and only licensed #IslamicCrowdfunding P2P platform

We are on the precipice of change - where people come together to make the change they wish to see.

Earn a share of profits or revenue.
Invest in top quality SMEs from across Malaysia.

Be an investor

Only exciting things can come out of the biggest collaboration in the Islamic Crowdfunding World

What's Ethis Kapital Sdn Bhd?

Est March 2014

Global Pioneer & Market Leader

15,000 Member Base

Proprietary Technology

Headed by Umar Munshi

Est July 2015

Award Winning Industry Pioneer

3,000 Member Base

Proprietary Credit Scoring System

Headed by Erly Witowo

Compliance by Aid for Start up Ventures

We have been awarded the license as a Recognised Market Operator to operate P2P Financing Platform by Securities Commission Malaysia.

World's First Licensed Islamic P2P Platform

Combined capabilities of EthisCrowd & Kapital Boost

Legal by Azmi & Associates

Our team of advisors are trusted and well-recognized in the Shariah Environment.

Our legal contracts are fore-fronting the revolution in Islamic Finance.

We are vetted and checked for corporate compliance.

Shariah by ISRA Consultancy

This powerful partnership brings about the best Islamic investments into the real economy.

We have crowdfunded investments into Malaysia, Singapore and Indonesia

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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.

Rizal Faris brings a wealth of experience in the business scene where he has successfully grown and diversified the business of KFM Holdings Berhad, a facilities management specialist providing a whole array of intra-industry services, including asset management, construction, trading and information technology, both domestically and globally . 

Rizal was also the director of IRIS Corporation Berhad. Active in the NGO scene as well, Rizal has been in office as the President of the Penang Malay Chamber of Commerce for the last 9 years. 

 As the previous Deputy Vice President of the Malaysian Malay Chamber of Commerce, Rizal has also managed to create the platform to group 52 National Economic NGO’s, with total 600,000 members, which actively engages the Federal Government in the formulation of economic related policies and implementation. 

Siti Zurina Sabarudin

Our Team

Rizal Faris

We're passionate about bringing the best to our community!

Chik Chan Chee

Dr Shahridan Faiez

Dr Shahridan Faiez, a Cambridge Alumni, was a senior sustainable development specialist with the World Bank for 12 years, and is now focusing on green economy in his private capacity. 

 He recently formed a joint-venture with a Fortune 500 company to promote sustainable global food production in the region, and also sits on the board of the Global Aquaculture Alliance. 

 Dr Shahridan is also the key founder of LOKA, a successful social enterprise which houses and develop 42 lifestyle brands of mostly startup SMEs.

Siti Zurina Sabarudin (Director, Compliance) is legal expert in the local crowdfunding scene and has advised various local and international crowdfunding platforms, both conventional and Shariah based. 

She is a regular speaker at Malaysian Global Innovation & Creativity Centre and a local accelerator company, ie CodeArmy. She has advised Axiata Digital Innovation Fund, Malaysia Venture Capital Management Berhad, Malaysian Technology Development Corporation Sdn Bhd and Small Medium Enterprise Development Bank Malaysia Berhad in their investments in local startups and small and medium enterprises. 

Through AidForStartup Ventures Sdn. Bhd. that she founded, she provides local and foreign startups with co – working space environment, and outsourced business support services ranging from compliance, accounting, company secretarial, human resource and administration.

Erly Witoyo

Umar Munshi

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. 

Umar is the founder of Ethis Ventures, the world’s first Real Estate Islamic Crowdfunding Platform. 

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

Chik Chan Chee (Director, Finance) served as the Chief Financial Officer of Masterskill Education Group Berhad from 2012 to 2014. 

 He served as Financial Controller and Chief Operating Officer of Antah Holdings Berhad from 2000 to 2005 and various other companies, such as Perwaja Terengganu Sdn Bhd, Finance Manager of Ansel (Kedah) Sdn Bhd, Limkokwing Integrated Sdn Bhd, and H-Displays (MSC) Berhad. 

 His professional memberships include, Chartered Institute of Management Acountants, UK and Associate Member, Chartered Institute Of Management Accountants. Mr Chik holds a Bachelor of Economics (hons) from University of Malaya. 

Latest Update: 'Collaboration with LOKAmotion Malaysian SME Retail incubator.'


Follow us through our exciting journey to change the world.


Rebranding ClubEthis to



Our first registration of Ethis Pte Ltd,

1st Malaysian SME campaign funded for a contractor building homes for Flood


MOU signed to setup Ethis Australia with licensed fund house

Submitted application for P2P License in Malaysia

Pre-seed Investment of S$10,000 wins top Social Enterprise Startup at the Rice Bowl Startup Award


Presented at the World Islamic Banking Conference 2015 in Bahrain (15th invited presentation in 2015)


Launch of with 3 campaigns to test market demands

Opening of representative office in KL

Decision to focus on SMEs in Real Estate


Payout of First SME campaign

Largest payout of S$1,500,000 starts

Our Journey


Launch of Alpha Crowdfunding platform

Achieved S$1,000,000






Pivoted to focus on SMEs in Real Estate



Launch of associate platform
(Focus on wider SME segment)

Launch of Islamic Fintech Alliance, with Ethis founder as Chairman


Collaboration with Islamic Chamber of Commerce Malaysia


MOU with TDA, largest SME group in Indonesia wins 1st runner-up at ASEAN Fintech Challenge @ GIFF 2016


Collaboration with Loka Malaysia and Malay Chamber of Commerce, Pulau Penang


Presented at 10th Islamic Market Programme by SC Malaysia


Presented at Global Ethical Finance Forum, Scotland

Ethis Ventures Born as #IslamicCrowdfunding Venture Builder

Seed investment of S$500,000 led by Azmi & Associates (Malaysia) and Quest Ventures (Singapore)

Launch of at WIEF by Tun Abdullah

Soft-launch of, full launch in October at International Forum on Inclusive Wealth



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