Ewon launches AMB Islamic Equity Crowdfunding Platform

23 October 2024

By Wartawan Nabalu News

KUALA LUMPUR: Minister of Entrepreneur and Cooperatives Development, Datuk Ewon Benedick, officiated the launch of AMB Connect’s Islamic Equity Crowdfunding Platform today.

The platform aims to provide a faith-compliant and transparent financial solution for Malaysia’s micro, small, and medium enterprises (MSMEs), helping them raise capital and overcome traditional financing challenges.

“Today, we are proud to introduce a solution that addresses these challenges head-on. AMB Connect’s Islamic Equity Crowdfunding Platform is designed to provide MSMEs with an inclusive, transparent, and faith-compliant avenue to raise capital.

“This platform is not just a financial tool; it is a bridge to opportunity, enabling entrepreneurs from all walks of life to realize their dreams," he said in his speech during today's launching ceremony.

The platform, which adheres to Shariah law, offers ethical and socially responsible investment opportunities, avoiding sectors like alcohol, gambling, or excessive debt. Instead, it focuses on sectors that contribute positively to society, such as technology, healthcare, and sustainable development.

Ewon also outlined the benefits of the platform, stating, "This platform offers MSMEs access to a broader pool of investors, breaking down the barriers that have traditionally limited their growth. It embodies the principles of inclusivity and equality, ensuring every entrepreneur has the opportunity to succeed."

He emphasised the platform’s transparency, which builds trust between investors and entrepreneurs, and its ability to foster a sense of community and shared purpose.

"We envision a world where every entrepreneur has the opportunity to succeed, where financial barriers are dismantled, and where innovation and creativity are nurtured. AMB Connect’s Islamic Equity Crowdfunding Platform is a step towards that future," he concluded.

During his speech, Ewon also emphasised the vital role MSMEs play in Malaysia's economy, accounting for 96.9 per cent of all business establishments and contributing 39.1 per cent to the nation’s GDP in 2023.

"MSMEs are the backbone of our economy. They drive innovation, create jobs, and contribute significantly to Malaysia's socioeconomic development," he said.

He highlighted the importance of creating a supportive ecosystem for these businesses, in line with the Malaysia MADANI economy framework, and achieving the National Entrepreneurship Policy’s goal of becoming an entrepreneurial nation by 2030.

Ewon also congratulated the team at AMB Connect for their commitment to inclusivity, transparency, and ethical finance.

"This platform is a beacon of hope for MSMEs and a shining example of what can be achieved when we come together with a shared purpose," he said.