دراسات اقتصادية
Volume 10, Numéro 1, Pages 690-710
2023-06-01

Islamic Crowdfunding As An Innovative Mechanism For Financing Startup: The Reality Of The Malaysian Experience

Authors : Haouam Lamia .

Abstract

Abstract: Startups face a funding gap, so many countries have tried to find financing mechanisms to facilitate their access to funding. Crowdfunding is one of the most important financial innovations resulting from technological development. In order to diversify funding channels in accordance with Islamic law, many countries, such as Malaysia, have seen a rapid spread of Islamic crowdfunding platforms that are compatible with traditional crowdfunding platforms in terms of goals and methods of operation, considering that these platforms can provide the necessary funding for startups.This study aims to identify the reality of Islamic crowdfunding in Malaysia as an innovative mechanism for financing startups and to highlight some active Islamic crowdfunding platforms in the field, using the descriptive-analytical method when presenting the theoretical foundation of Islamic crowdfunding, along with the Malaysian experience. Through the study, the importance of Islamic crowdfunding platforms was identified as one of the innovative funding channels currently supporting startups in Malaysia. Keywords: Islamic Crowdfunding; Islamic Crowdfunding Platforms; Startups. JEL Classification: O14, O53.

Keywords

Islamic Crowdfunding ; Islamic Crowdfunding Platforms ; Startups