مجلة الاقتصاد وادارة الاعمال
Volume 7, Numéro 1, Pages 409-429
2023-03-28

The Advantages And Challenges Of Islamic Crowdfunding As An Alternative Funding Source

Authors : Abdelaziz Salaheddine . Azouaou Ahmed Rami .

Abstract

In recent years, there has been an increase in interest in the business and microenterprise sectors. Several government initiatives aimed at promoting the sector have been launched, as well as intensified efforts to address the issues that entrepreneurs and small businesses confront. Despite all of these efforts, the lack of financial resources continues to be the most significant obstacle. Because banks control finance in Arab countries, new instruments must be designed in light of technological advancements. Because of its introduction and widespread use. FinTech has changed lending and access to funds. This paper describes the idea, categories, and most significant shariah compliance laws of crowdfunding, which is one of the most important fundraising instruments. Also, suggest some ventures that might be appropriate for each type of fundraising.

Keywords

Crowdfunding ; Islamic Crowdfunding ; Shariah Compliance