READ BEFORE INVESTING.. ETHIS IS A SCAM
I have invested in multiple projects on Ethis.co, spanning durations initially projected to be between 3 to 6 months and up to 3 years. Regrettably, after several years, I have yet to receive any payments or returns on these investments. Worse still, communication from the Ethis team has ceased entirely. Emails and WhatsApp messages remain unanswered, leaving investors like myself in the dark about the status of our funds and the projects. It’s deeply concerning that a platform claiming to operate with transparency and ethical principles has allowed such a situation to persist. Looking through the reviews left by other users, it is evident that these issues are not isolated incidents. There are complaints spanning multiple years, all pointing to the same problems: delayed or nonexistent payments, lack of accountability, and a complete communication breakdown. If these projects are facing challenges, the logical step would be to resolve the outstanding issues before taking on new ones. However, Ethis appears to have continued onboarding new projects despite failing to address their existing obligations. This behavior raises serious questions about their business practices and priorities. Particularly troubling is the way Ethis seems to exploit religious values as a marketing strategy. Many investors, myself included, were drawn to the platform because of its claims to adhere to ethical and Islamic finance principles. Unfortunately, this trust has been betrayed, leaving a bitter sense of disillusionment. The CEO, Umar Munshi, and his team must be held accountable for the platform’s failures. The lack of updates and complete silence from their end speaks volumes about their commitment to investors. At this point, their actions—or lack thereof—are indistinguishable from those of scammers. To those considering investing in Ethis, I strongly advise against it. Until they can demonstrate transparency, address past grievances, and fulfill their obligations to existing investors, Ethis.co should not be trusted. It’s crucial for authorities and regulatory bodies to investigate Ethis and hold them accountable for their actions. Investors deserve better than this.