Urun-ri.id Pioneers Foreign Retail Investment in Sharia Securities Crowdfunding in Indonesia

21 November 2024

Press Release

Jakarta, Indonesia – November 21, 2024:
Urun-ri.id is proud to announce a groundbreaking achievement as the first platform to enable Foreign Retail Investment in the Sharia Securities Crowdfunding sector. This historic milestone was marked by the successful completion of our first international transaction, where our valued colleague, Mansi, invested in the House of Smith Sukuk Project in Indonesia.

This pivotal accomplishment represents a leap forward for both Urun-ri.id and the Indonesian economy, establishing a new benchmark in the rapidly growing sector of sharia-compliant crowdfunding. It aligns with Indonesia’s commitment to fostering sustainable financial innovation and furthering its position as a global leader in Islamic finance.

“This milestone reflects the global confidence in Indonesia’s Islamic financial market and opens up a wealth of opportunities to foster deeper connections between international investors and Indonesian SMEs, its Beyond investment, this achievement paves the way for collaboration in trading commodities, creative products, export initiatives, and countless other possibilities.” said *Budiman Indrajaya*, CEO of Urun-ri.id.

Key Milestones and Significance:

   •   First Foreign Retail Investor: The transaction reflects a growing interest in sharia-compliant investments by international investors.
   •   Support for Government Initiatives: This move complements Indonesia’s vision to attract foreign investment as part of its economic growth strategy.
   •   Economic Impact: Encourages micro and small enterprises (MSMEs) to thrive by facilitating funding through ethical investment practices.

The Market Opportunity:

Indonesia is home to the world’s largest Muslim population, making it a prime market for Islamic finance. Key facts about the space include:
   1.   Global Growth: The global Islamic finance market reached $4.3 trillion in 2023, with Southeast Asia as a significant growth driver .
   2.   Sharia Crowdfunding Sector: Indonesia alone has a market size of over $1 billion for sharia-compliant crowdfunding platforms, growing at a rate of 20% annually .
   3.   Government Support: The Financial Services Authority (OJK) has emphasized the importance of inclusive financing solutions and introduced regulations to facilitate the growth of the securities crowdfunding sector .

About Urun-ri.id

Urun-ri.id is Indonesia’s premier platform for sharia-compliant securities crowdfunding. By enabling innovative financial solutions, we aim to connect global investors with high-impact local projects that align with ethical Islamic investment principles.

For Media Inquiries, Please Contact:
Salman | Digital Media Relation | [email protected] | www.urun-ri.id