AMB Connect Sdn Bhd (AMB Connect) has received approval from the Securities Commission Malaysia (SC) to operate its Islamic Equity Crowdfunding platform, which will host Shariah-compliant campaigns. This GoLive supports AMB Connect’s goal to become a pioneering operator in Malaysia, promoting Islamic Capital Market opportunities both nationally and regionally.
“This approval demonstrates that AMB Connect has met all regulatory standards set by the SC. It also highlights our dedication to expanding our growing Islamic Equity Crowdfunding ecosystem,” said Cham Owi Tong, Co-Founder and CEO of AMB Connect.
With this approval, AMB Connect can now offer access to the public seeking alternative investments in Shariah-compliant capital products and businesses eager for fundraising to support growth and expansion. AMB Connect has a robust pipeline of investment opportunities, driven by new relationships established through its AMB Connect Community, which includes associations, business chambers, cooperatives, institutional investors, and individual investors.
AMB Connect believes in inclusivity, ensuring that all businesses, regardless of size, sector, or location, have equal opportunities to access capital funding through its platform. This enables AMB Connect to serve small and medium-sized enterprises, which account for 38% of Malaysia’s GDP and form the backbone of the economy. AMB Connect also democratizes Shariah-compliant capital product investments for ordinary people, high-net-worth individuals, corporate entities, and institutional investment arms, fostering broader community engagement with the Islamic Capital Market.
“We hope AMB Connect will be a catalyst for continuous growth in Shariah-compliant equity crowdfunding and investment. Our mission is to promote inclusive fundraising and investment opportunities for all businesses and stakeholders in the community by connecting them on the AMB Connect platform,” added Cham.
About AMB Connect
Incorporated in 2022, AMB Connect secured SC approval to register as a Regulated Market Operator (RMO) for Islamic Equity Crowdfunding (ECF-i) on October 10, 2023. “AMB” stands for All Malaysian Businesses, reflecting our dedication to connecting Malaysian startups and SMEs with alternative funding resources. We aim to level the playing field by providing equal access to ECF opportunities for all Malaysian businesses, with a particular focus on those outside the Klang Valley.