AMB Connect Gets SC’s In-Principle Approval for Islamic Crowdfunding Platform
by Fintech News Malaysia October 24, 2023Local firm AMB Connect has secured the in-principle approval from the Securities Commission (SC) Malaysia to operate an Islamic equity crowdfunding platform.
With this approval, the company will be able to provide alternative funding solutions for micro-small and medium enterprises (MSMEs) and create investment opportunities for individuals and organisations.
Cham Owi Tong, CEO of AMB Connect said,
“We are appreciative and extremely excited on receiving the approval-in-principal from the SC to operate the Islamic equity crowdfunding platform, offering an alternative funding solution to Micro-Small Medium Enterprise (‘MSME’) as well as investment opportunities to investors.
We are determined to maintain our commitment to transparency, integrity, and compliance with Islamic finance principles while creating a vibrant crowdfunding ecosystem in Malaysia.”
