Ethis Group and Gobi Partners to debut Shariah-compliant US$20mln Seed Fund

Ethis Group and Gobi Partners to debut Shariah-compliant US$20mln Seed Fund

KUALA LUMPUR – Ethical investment and social finance platform operator, Ethis Group, having launched EthisX as part of its global expansion plan, continues to trail blaze by collaborating with pan-Asian venture capital firm, Gobi Partners, to structure and set up a US$20 million Shariah-compliant seed fund.

The Fund, which is targeted to have its first closing by the end of this year, is notable for being Ethis Group’s first move into the venture fund space as well as Gobi Partners’ first-ever fully Shariah-compliant fund.

This collaboration combines the venture guiding acumen of Gobi Partners which currently has US$1.5 billion of assets under management across North Asia, South Asia and ASEAN, with Ethis Group’s growing group of fintech investment and crowdfunding platforms in Indonesia, Malaysia and most recently Oman. The Fund will benefit from the network of start-ups and scale-ups accessible by Gobi Partners, a prominent name in Asia, and Ethis with its deep relationships in the Halal economy and impact-investment space.

The partnership is aimed at capturing the growth of startups in the Halal economy where startups adhere to Shariah law, and thus their products are built to serve a large Muslim community. The geographic presence of Gobi and Ethis in markets with