Islamic Finance

Islamic social finance crowdfunder Global Sadaqah aims to double funds raised this year from $250,000 in 2018


Photo: Umar Munshi (centre), founder of Ethis Group, with some of the beneficiaries of one of Global Sadaqah's charity projects in Chad, run in partnership with the Islamic Development Bank. Photo supplied by Ethis Group

Charity crowdfunding platform Global Sadaqah raised around $250,000 in its first year last year from zakat, sadaqah and waqf, to benefit campaigns such as for emergency relief, refugee aid and building new mosques. 

The largest single amount Global Sadaqah raised for a campaign last year was $26,000 for the Alliance to Fight Avoidable Blindness, in partnership with the Islamic Development Bank and the Islamic Solidarity Fund for Development. The funds will go to material costs for more than 1,000 cataract operations in member countries of the IDB. 

For this year, Malaysia-based Global Sadaqah aims to double funds raised. How will it do that? We speak to Umar Munshi, the founder of Ethis Group, the Islamic fintech company behind the platform. Listen to the interview, or read the full transcript of it below. 

Continue reading

Free, in under 30 seconds

Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.

Joined by 12,000+ Islamic economy professionals
  • 5 free articles every month
  • Weekly Islamic-economy newsletter
  • Save articles to read later

tags:

Charity
Crowdfunding
Fintech
Islamic social finance
Waqf
Zakat