The joint venture concept is gaining popularity in the local market and is one of the ways to get initial funds to develop a company. After 17 months the Islamic application TheNoor was launched, now wants to raise funds through the Ethis fundraising site.
Through this joint venture, TheNoor aims to raise funds of RM 5 Million, with a minimum investment of RM 500 to own 20 units of shares. Their choice to get biayasama through Ethis because Ethis is a syariah-compliant biayasama site. This funding period will end in mid-November 2022.
The funds to be collected will be used to develop a number of additional functions, including the function of checking Al-Quran recitations using artificial intelligence, TheNoor payment card with Visa, the function of checking sharia-compliant shares through ntime, and also the production of a cartoon series for TheNoor Kids, namely Lofa & Lofi.
TheNoor also stated that they will also be present with the function of focusing Umrah worship in collaboration with Tabung Haji from package booking, travel insurance, currency exchange to Umrah courses. TheNoor app is available for free through the Google app store and the Apple AppStore.