Sharia financing startup Alami signs fundraising commitment with four international investors

13 November 2019 17:55

JAKARTA - Sharia peer-to-peer (P2P) financing startup Alami has signed a fundraising commitment with four international investors, the first sharia-compliant fundraising deal involving venture capitalists in Southeast Asia.

The seed investment was led by Golden Gate Ventures using a musharakah aqd scheme, and joined by Agaeti Ventures, RHL Ventures, and Hong Kong-based angel investor Aamir Rahim through Zelda Crown.

“This is the first time that an Indonesian sharia-based startup has successfully engaged investors in sharia-compliant fundraising,” said Alami CEO Dima Djani at the 2019 Indonesia Sharia Economic Festival (ISEF) held by Bank Indonesia (BI) and the National Committee for Sharia Finance (KNKS) at the Jakarta Convention Center, South Jakarta on Wednesday (13/11).

“We hope that going forward there will be many more investors who are open to this kind of fundraising scheme, particularly as an investment in sharia-based startups.”

Indonesia, Mr Djani added, is now more open to the development of a sharia economic and halal industry roadmap. According to data from the 2019 Global Islamic Finance Report released by the Cambridge Institute of Islamic Finance, Indonesia is ranked first in terms of sharia economic ecosystem development with a score of 81.93. (MS)

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