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Ronald Yusuf Wijaya as CEO of ETHIS was elected as Chairman of the Indonesian Sharia Fintech Association (AFSI) for the period 2023 - 2026.

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Published on 6 Jun 2023

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Ronald Yusuf Wijaya as CEO of ETHIS was elected as Chairman of the Indonesian Sharia Fintech Association (AFSI) for the period 2023 - 2026.

Ronald Yusuf Wijaya as CEO of ETHIS was elected as Chairman of the Indonesian Sharia Fintech Association (AFSI) for the period 2023 - 2026.

[Wednesday, May 31, 2023] After going through the process of electing the Chairperson of the Indonesian Sharia Fintech Association (AFSI), we are proud to announce the election of Ronald Yusuf Wijaya as Chairperson of AFSI for the period 2023 - 2026. Ronald Yusuf Wijaya is the CEO of ETHIS, an Islamic Peer-to-Peer Fintech company focused on Productive Financing for SMEs, and has demonstrated a strong commitment to the development of the Islamic Fintech industry in Indonesia.

As Chairman of AFSI, Ronald Yusuf Wijaya will lead and coordinate efforts in enhancing the Islamic fintech ecosystem in Indonesia, promote compliance with Shariah principles, and drive sustainable innovation in the sector. With extensive experience in fintech and in-depth knowledge of Sharia principles, Ronald Yusuf Wijaya is considered a qualified leader to lead AFSI forward.

In a statement, Ronald Yusuf Wijaya said, "I am very grateful for the trust placed in me as Chairman of AFSI. I am very enthusiastic and committed to working together with AFSI members and other stakeholders to drive the growth and sustainability of the Islamic fintech industry in Indonesia. We will work hard to strengthen AFSI's role as a hub and key driver in the industry."

Ronald Yusuf Wijaya has proven to be a dynamic and visionary leader in the Islamic fintech industry. As CEO of ETHIS, he has successfully developed an innovative Sharia P2P platform and built an extensive network with relevant industry players. His Sharia values-oriented leadership and strong commitment to Sharia financial inclusion have cemented his reputation as one of the key figures in the industry.

About Asosiasi Fintech Syariah Indonesia (AFSI)

AFSI is an independent organization established to accommodate and fight for the interests of Sharia fintech companies in Indonesia. AFSI's goal is to promote and develop an inclusive and sustainable Sharia fintech ecosystem, and encourage the adoption of Sharia principles in digital financial services.

About ETHIS

ETHIS is an Islamic Peer-to-Peer Financing Fintech that has been licensed and supervised by OJK since 2021. Established in 2016, ETHIS is part of the Ethis Group. ETHIS presents alternative funding by forming a community of funders, to participate collectively and sharia for the development of Productive Small and Medium Enterprises (SMEs) so that fund owners get fair and transparent Profit Sharing.

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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.

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