Malaysian Fintech Global Sadaqah Raises RM450,000 in Shariah-Compliant Crowdfunding

Malaysia-based fintech startup Global Sadaqah has raised RM450,000 via an issuance on recently-regulated Shariah-compliant equity crowdfunding platform Ethis Malaysia. Open for 72-hours, the flash-fundraising campaign surpassed the minimum target of RM200,000, attracting investors from 10 countries including strategic angel investors.

Azmi Muslimin said, “Global Sadaqah is tackling head-on the challenges in the niche and sizeable Islamic social finance space. I am excited at the opportunities to grow, and more so on the impact we seek to create in this difficult time for humanity.”

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