Ethis Group and Gobi Companions to debut Shariah-compliant US$20 million Seed Fund


KUALA LUMPUR, 23 June 2022 – Moral funding and social finance platform operator, Ethis Group, having launched EthisX as a part of its world enlargement plan, continues to path blaze by collaborating with pan-Asian enterprise capital agency, Gobi Companions, to construction and arrange a US$20 million Shariah-compliant seed fund. 

The Fund, which is focused to have its first closing by the top of this yr, is notable for being  Ethis Group’s first transfer into the enterprise fund house in addition to Gobi Companions’ first-ever totally Shariah-compliant fund. 

This collaboration combines the enterprise guiding acumen of Gobi Companions which at present has US$1.5 billion of belongings below administration throughout North Asia, South Asia and ASEAN, with Ethis Group’s rising group of fintech funding and crowdfunding platforms in Indonesia, Malaysia and most just lately Oman. The Fund will profit from the community of start-ups and scale-ups accessible by Gobi Companions, a distinguished identify in Asia, and Ethis with its deep relationships within the Halal economic system and impact-investment house.

The partnership is aimed toward capturing the expansion of startups within the Halal economic system the place startups adhere to Shariah legislation, and thus their merchandise are constructed to serve a big Muslim neighborhood. The geographic presence of Gobi and Ethis in markets with giant Muslim populations bode nicely for the joint fund to put money into these startups. Moreover, the fund’s give attention to the broader moral funding agenda resonates nicely with the post-pandemic emphasis on Environmental, Social, Governance and sustainable investments that additionally stretch past the Muslim neighborhood.

Ethis Group and Gobi Partners

“The institution of this joint fund will enable us to channel investments into tech startups driving change and making an impression. Enterprise capital is in excessive demand and appropriate for moral funding,” mentioned Mohamed Shehzad Bin Mohamed Islam, Chief Govt Officer of Ethis Funding Platform LLC (EIP).

Based in 2002, Gobi Companions which is now headquartered in Kuala Lumpur and Hong Kong, helps entrepreneurs from the early to development phases and focuses on rising and underserved markets. Gobi has raised 15 funds thus far, invested in over 320 startups and nurtured 9 unicorns. The latter contains Malaysia’s first unicorn, automobile e-commerce market Carsome, and British-Hong Kong biotech startup Prenetics. 

In 2016, Gobi launched its TaqwaTech vertical which focuses on investments in Islamic ventures and the worldwide Muslim economic system. Most notable of its TaqwaTech investments is Dubai-based Umrahme, which is now the worldwide market chief in on-line Umrah pilgrimage bookings with over 3.5 million pilgrims since its inception in 2019.

Ethis Group and Gobi Partners

“We’re excited to accomplice with Ethis Group in creating this new Shariah-compliant Fund, which may be very a lot according to our present TaqwaTech focus. Muslim customers characterize a US$2.2 trillion market alternative, and the Muslim neighborhood is anticipated to make up greater than 31% of the world’s inhabitants by 2060, nevertheless, the Muslim neighborhood’s digital wants are largely unmet or underserved. By means of this partnership with Ethis and the creation of this devoted Fund, we are going to now have the ability to fund, nurture and help much more Muslim entrepreneurs,” mentioned Gobi cofounder, Thomas Tsao

As soon as launched, the joint Fund will put money into Shariah-compliant startups globally with an preliminary geographic focus within the MENA in addition to the ASEAN areas. EthisX’s presence within the Sultanate of Oman specifically is well timed as it will probably have direct entry to the rising funding alternatives supported by the Oman Imaginative and prescient 2040 which emphasised the diversification of its economic system, growth of the fintech business and digitisation efforts by the authorities.  

About Ethis Group

Ethis Group operates crowd-investment platforms permitted by regulators in Indonesia, Malaysia and Oman.

Our platforms serve bizarre folks, high-net-worth people, company, and authorities entities. Ethis constructed our preliminary observe report from 2016 to 2020 in social housing in Indonesia the place our world neighborhood of traders from greater than 50 nations funded growth initiatives to construct near 10,000 houses. Most just lately, we launched EthisX, the cross-border Moral Non-public Capital Market Platform. 

For the reason that onset of COVID-19, we’ve got launched common new funding merchandise, together with short-term, high-yield supply-chain financing initiatives in Indonesia and fairness funding in ‘future tech’ startups in Malaysia. Our social finance market GlobalSadaqah performs a significant function in matching donors and Islamic economic system gamers to higher distribute social finance and zakat to NGOs and social enterprises. EthisX goals to deal with the shortage of availability of Shariah-compliant and moral different funding and financing in rising and developed non-Muslim nations with sizeable sufficient Muslim populations. 

We exist to #circulategood. Our deep need to create a extra moral type of finance to uplift humanity has attracted vital finance and neighborhood leaders to help our imaginative and prescient and mission.

For extra details about Ethis Group, please go to and

About Gobi Companions

Gobi Companions is essentially the most interconnected Pan-Asian enterprise capital agency with US$1.5 billion in belongings below administration (AUM) throughout North Asia, South Asia, and ASEAN. Headquartered in Kuala Lumpur and Hong Kong, the agency helps entrepreneurs from the early to development phases and focuses on rising and underserved markets.

Based in 2002, Gobi has raised 15 funds thus far, invested in over 320 startups and nurtured 9 unicorns. Gobi has grown to fifteen areas throughout key markets in Bangkok, Beijing, Guangzhou, Ho Chi Minh Metropolis, Hong Kong, Jakarta, Karachi, Kuala Lumpur, Lahore, Manila, Riyadh, Shanghai, Shenzhen, Singapore and Surabaya.

As a Participant of the United Nations International Compact, Gobi Companions is dedicated to aligning methods and operations with common rules on human rights, labour, surroundings and anti-corruption to make sure long-term worth creation and sustainability throughout our portfolio. The agency launched its inaugural Sustainability Report in June 2022, which might be accessed right here.

For extra details about Gobi Companions, please go to

For media enquiries, please contact: 

Anis Muslimin
Senior Supervisor, Advertising and Communication
Ethis International Sdn. Bhd
Tel: +6 011 1639 0920

Afiqah Abdul Aziz
Public Relation and Advertising Govt
Ethis International Sdn. Bhd
Tel: +6 012 304 5041

Lidiana Rosli
PR Supervisor
Gobi Companions
Tel: +60123335085


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