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Malaysia’s EthisKapital Claims “World’s First” Licensed Islamic P2P/Crowdfunding Platform
The Securities Commission Malaysia awarded six peer to peer licenses, one of which is the world’s first license for Shari’ah-compliant P2P finance. EthisKapital will be focused on funding small businesses and real estate development projects. The team is spearheaded by UmarMunshi, who is also the Chairman of the newly-formed Islamic Fintech Alliance, and supported by former senior World Bank and Barclays Bank executives.
- Categories
- Technology
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Impak Finance Says Its Launching Canada’s First Socially Responsible Bank
Consumers are becoming more and more engaged. They want to buy local, from ethical companies with social and environmental aims. They want that transparency, and they want to help to improve our society. This change is also apparent in the banking system, where social enterprises are expanding in Canada and elsewhere; this industry has also seen the emergence of several non-traditional banking models across the planet. A good example is Triodos, a bank in the Netherlands that did not lose a penny through the economic crisis of 2008, as a result of investing solely in the impact economy – that which has a direct impact on the community — rather than the financial economy.
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- Uncategorized
- Region
- North America
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What Regulation Crowdfunding in the JOBS Act Means to Entrepreneurs and Startups
The JOBS Act was signed into law by President Obama in 2012, allowing companies to acquire funding through online portals from non-accredited investors, which roughly accounts for 97 percent of the population in the United States. On May 16, 2016, Title III of theJOBS Act, also known as regulation crowdfunding, or equity crowdfunding, was the last section to be implemented by the SEC.
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- Uncategorized
- Region
- North America
- Tags
- crowdfunding
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Weekly Roundup: PSI for Profit, a Slowing ‘Pulse’ in Africa and Medical Tourism on Steroids
The non-profit Population Services International (PSI) announces the launch of a for-profit business in India, sub-Saharan Africa braces for "the lowest growth in more than 20 years," and Obamacare generates some unintended – and potentially exciting – consequences. We discuss these and other issues in our weekly roundup of social business and global development news.
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- Health Care, Investing, Social Enterprise
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How African Crowdfunding Projects Raised R1.7 Billion Last Year
Last year, over R1.7 billion was raised for crowdfunding projects in Africa and the number of crowdfunding platforms and project success rate is showing a lot of promise.
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- Technology
- Region
- Sub-Saharan Africa
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- crowdfunding
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Nigerian Startups Can’t Raise Money Through Crowdfunding Because of Antiquated Laws
Crowdfunding has been a big help to good causes in Nigeria. Last year, donations kept a rape counseling center in Lagos from shutting down. And Nigerian athletes took to GoFundMe to help pay for their training and travel to the Rio Olympics, after poor preparations by the sports ministry.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- crowdfunding
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World’s First Islamic Endowment Crowdfunding Platform Launched
Tun Abdullah Badawi, the former Prime Minister of Malaysia, has launched the Waqf (Islamic Endowment) crowdfunding platform or WaqfWorld. Described as the “worlds first” the new platform was announced at the 12th World Islamic Economic Foundation Forum (WIEF) held in Jakarta this past week The platform was developed in partnership with EthisVentures.com.
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- Uncategorized
- Region
- North Africa & Near East
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U.S. House of Representatives Passes Fixes To Equity Crowdfunding Laws
In the more than two years since the passage of Title II of the JOBS Act, equity crowdfunding with accredited investors has rapidly grown, allowing startups to easily seek funding online with little added costs or hassles.
- Categories
- Uncategorized
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