MALAYSIA: A year after receiving approval from the Securities Commission Malaysia to operate an Islamic equity crowdfunding platform, AMB Connect launched its first campaign with ‘Ganad: 360 Degree Media Activator’ – looking to raise up to RM20 million (US$4.67 million) for this outdoor advertising billboards operator. Minimum subscription is RM1,000 (US$233.60) for this campaign based on concept of Musharakah (partnership) and Tanazul (waiver of rights), offering cumulative preferential dividends of 8% per annum.
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