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Ethis Group Wins The Best Islamic Crowdfunding Platform in the world 2021 from the Islamic Retail Banking Awards Dubai
Published on 23 Dec 2021
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Ethis Group Wins The Best Islamic Crowdfunding Platform in the world 2021 from the Islamic Retail Banking Awards Dubai
Peer-to-Peer Syari'ah Indonesia, Ethis.co.id, has again received an award from Dubai, United Arab Emirates. Previously, in November 2021, Ethis had the opportunity to give an explanation of the Sharia Fintech concept at the Expo 2020 Dubai event. This time, Ethis was awarded as The Best Islamic Crowdfunding platform in the world 2021 given by Cambridge International Finance Advisory at the 7th Islamic Retail Banking Awards (IRBA), Dubai.
Ethis Indonesia is part of the ETHIS Global Group which already has Fintech Licensing in Malaysia (Equity Crowdfunding Platform), Dubai (Property Crowdfunding Platform), and is currently expanding to several other jurisdictions such as Oman, Qatar, and Turkey. Since its establishment in 2014, ETHIS Group has disbursed funding of more than IDR 300 billion with a total of 31,000 users from more than 84 countries to date.
The award was given by Professor Humayon Dar as Chairman of Islamic Banking Retail awards and also Khalid al-yahmadi as Chairman of Amjaad Group on 16 December 2021 located at Conrad Hotel, Dubai. Professor Humayon Dar said that he had high hopes for Ethis to continue to drive innovation in the Islamic finance industry.
The award was received by representatives from Ethis Co-Founders Ronald Yusuf Wijaya and Umar Munshi. In his short speech Umar Munshi hopes to make a difference in Islamic finance and advance Islamic crowdfunding to make a difference for mankind.
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PT. ETHIS FINTEK INDONESIA
Rukan Puri Mansion block B no. 7 Outer Ring West Kembangan Street, RT.2/RW.1, South Kembangan, Kembangan District, Special Capital Region of Jakarta 11610
Customer Service: support@ethis.co.id
Operational Hours: 09.00 - 18.00 WIB
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1. Tech-based Islamic Financing service (P2P Financing) is a civil agreement between Funder and Beneficiary, in which all risks are charged to all parties.
2. Payment failure is charged to the Funder, except for fraud case and mismanagement. Beneficiaries are imposed if fraud and mismanagement happens as in Risk Sharing terms based on Islamic Principles. There is no national institution or authority that is responsible to financing risk or payment failure or compensating on any parties including loss, failures, fees or consequences after.
3. The platform with agreement from all respective users (funders and/or beneficiaries) accesses, gains, stores, manages and/or uses users’ personal data (Data Utilization) on or in the objects, electronic devices (including smartphones or cellular phones), hardwares or softwares, electronic documents, applications or electronic systems belong to Users or managed by Users, upon the information of aims, limitations and mechanism of Data Utilization to the Users before the approvals.
4. Funders with limited knowledge on this financing are suggested not to use this service.
5. Beneficiaries are obliged to consider return rates/margin/service fee and other fees according to the ability to repay the financing.
6. Each fraud is recorded electronically in cyberspace and easily recognized by public through social media.
7. Users should read and understand this information before deciding to be a Funder or Beneficiary.
8. Government as in this case is Otoritas Jasa Keuangan (OJK) / Financial Services Authority is not responsible for violation or disobedience of users, Funder and Beneficiary (intentionally or unintentionally) against terms and conditions or agreement or attachment between the platform and Funder and/or Beneficiary.
9. Each transaction and financing activities, funding, financing or enforcement agreement regarding financing between or involves the Platform, Funder, Field Partner and/or Beneficiary should happen through escrow account and virtual account as stated in OJK regulation No. 77/POJK.01/2016 about Tech-Based Financing Services.
