From principles to practice: Shariah investing in Southeast Asia
While Southeast Asia houses a massive Muslim population, many of them struggle to find investment options that align with their faith. Sharia investment, which adheres to Islamic principles, is emerging as a powerful solution.
New investment fuels up ALAMI Group in pre-series B round led by East Ventures (Growth fund)
ALAMI Group, a leading Indonesian Shariah-compliant SME lending platform announced that it has successfully closed pre-series B round led by East Ventures (Growth fund) alongside returning investors namely AC Ventures, Quona Capital and FEBE Ventures. US-based venture capital firm Capria Ventures also joined the round, marking its first direct investment in Asia Pacific. The amount of the funding was not disclosed.