About Us - EthisCrowd


is the world’s first
Real Estate Islamic

Our community of 20,000 ethical and Islamic crowd-investors and donors from 25 countries provide funding for Social Housing development projects in Emerging Indonesia.

Every home we build helps a family break out of poverty.

We are headquartered in Singapore, with branches and representative offices in Jakarta, Kuala Lumpur and South Africa.

Circulate Good

Let’s change the world, together!

Meet the Team

We are a small and active group of passionate young individuals.


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Umar Munshi, CEO, Ethis Singapore

Umar Munshi is the Founder-CEO of Singapore-based EthisCrowd.com, a pioneer Real Estate Islamic Crowdfunding platform that funds government-backed Social Housing development projects in Indonesia, alongside High-Networth investors and Islamic Banks. Our community has crowd-invested in projects to build 5,000 houses for the needy in Indonesia since 2015.

Munshi is also Chairman of the IslamicFintechAlliance.com. His trailblazing initiatives led to his feature in Islamica500 Islamic Economy influencers, and he is well-recognised as a Social Entrepreneur and thought-leader in Islamic Crowdfunding and Fintech.

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Ronald Wijaya, CEO, Ethis Indonesia

Ronald Wijaya is an entrepreneur with extensive networks and excellent understanding of Indonesia.

He is the country head for EthisCrowd.com in Indonesia. He is also a Board and Committee member of the influential Association of Digital Entrepreneurs Indonesia.

He has experience and connections across various industries, from commodities to manufacturing, to technology.

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Joann Enriquez, COO, Ethis Singapore
Joann Enriquez has a Bachelors of Arts in International Studies and Bachelors of Science in Business Management from De La Salle University. She has a Masters in Business Administration and pending Doctorate in Business Administration from the University of Phoenix, USA and has recently completed her Master’s in Islamic Finance Practice from the International Centre for Islamic Finance, Malaysia.

Joann has worked and consulted for various prominent financial and technology companies in the Silicon Valley while based in San Francisco, California most of her adult life. While in California, she was an active contributor to the CAIR, Council on American Islamic Relations and was very active in Interfaith programs focusing on Children and Motherhood.

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AbdarRahman Chignell, Chief Growth Advisor, Ethis Singapore
Richard ‘AbdarRahman’ Chignell is the Co-Founder and CEO of Waqf  World Growth Foundation, WWGF. After almost 5 years of studying, he converted to Islam and a new life began focused on ethical finance. After financial services head hunting, commodity futures trading, he committed to social entrepreneurialism and social business models – finally connecting his initial studies in Sociology with his business experience.

Upon the discovery of the Islamic institution of Waqf (endowment) he committed his life to leveraging his business and investing experience to the Sadaqat (charity) and Khair (goodness) arena. AbdarRahman serves as Chief Growth Officer at Ethis Crowd.

Investment Advisors

Shariah Advisors

Trusted and Reputable institutions and Individuals


International Shari’ah Research Academy
for Islamic Finance (Malaysia)
Established to promote applied research in
the area of Shariah and Islamic Finance globally.
Endorses contracts and project financing structures


PERGAS Investment Holdings (Singapore)
Established to serve the Muslim society in Singapore.
A credible leadership of religious scholars and practitioners
Issued pronouncement on Murabaha Agreements

In-house Consultants:

Ahmad-Sabree (white)

 Ahmad Sabree, Shariah Consultant

  • MSc, Islamic Banking & Finance, IIUM
  • BSc in Usul Fiqh (Shariah)
  • Administrative Coordinator,
    Islamic Fintech Alliance
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Yousuf Sultan, Shariah-Tech Consultant

  • MSc in Islamic Finance, INCEIF
  • Certified Mufti (Shariah Sciences,
    Fiqh & Fatawa)
  • Professional web programmer

Local Partners

Strategic Indonesian Organisations

Legal Advisors

Trusted and Reputable Experts


Abdul Rahman Law Corporation (Singapore)

  • Award-winning Boutique Law Firm in Singapore,
    with a specialty in Islamic Law
  • Executive member of the Association of
    Muslim Lawyers


Azmi & Associates (Malaysia)

  • Top-10 Law Firm in Malaysia with full range of
    legal services
  • Well-known in the Islamic Banking and Finance Industry
  • Seed investor in Ethis in Dec 2015


Joining the World’s Largest Corporate Sustainability Initiative!
Aligning our Strategies and Operations.

“Ethis Ventures believes in the ten universal principles of the UN Global Compact, which are in alignment with our own efforts to encourage Ethical investment and Sustainable charity. We pledge to strive to continuously improve and uphold these principles to circulate wealth for good.” – Umar Munshi, Founder and CEO of Ethis Ventures.

2016 Highlights

Join us and make a difference!

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