Islamic Crowdfunding Alliance Formed

A group of several prominent entrants in the crowdfunding sector will announce the formation of a new Islamic Crowdfunding Alliance or ICF Alliance on April 1st. Umar Munshi, founder of eThis Crowd (Singapore), M. Raafi Hossain founder of Narwi (Qatar), Erly Witoyo, founder of Kapital Boost (Singapore), Matthew Martin founder of Blossom Finance (Indonesia) and Rachid Ouaich partner of EasiUp (France) will participate in the launch event and press conference being held in Malaysia. The founding platforms number nine in total. The event will discuss upcoming plans of the ICF Alliance to address the needs of the growing industry of crowdfunding platforms that cater to Muslim needs.