Ficus Capital, the world's first Shariah-compliant venture capital firm, has invested RM2 million in the Malaysian tech startup Simplify to enhance internet accessibility, aligning its financial strategy with social impact goals.

Information on the Target

Ficus Capital is recognized as the world's first Shariah-compliant venture capital firm, focusing on investments that adhere to Islamic financial principles. The firm has established itself as a leader in the sector by launching various funding initiatives, including a recently announced flagship fund aiming to support startups that align with Shariah guidelines.

In recent months, Ficus Capital has made significant investments in tech companies, including a RM2 million investment in Simplify, a Malaysian startup dedicated to enhancing internet accessibility. This commitment not only highlights Ficus Capital's belief in the potential of technology to drive social impact but also demonstrates its strategy of supporting innovative solutions within compliant frameworks.

Industry Overview in Malaysia

The venture capital landscape in Malaysia has seen notable growth, supported by government initiatives and increasing interest from private sector investors. The rise of technology startups has particularly influenced this growt