ISSN: 2204 - 1990

Challenges and Opportunities of Islamic Crowdfunding as a new Innovative mechanism to finance Startups

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Sotehi Djaber 1, Zeghbid Nassim Lotfi 2


This study aims to explore the applicability of Islamic crowdfunding as an alternative fund to finance Startups Islamic crowdfunding platforms are based on cooperation (Taawun) and are designed to comply with the Shariah principles but is open to both Muslims and Non-Muslims. The funding should not have any element of interest (Riba), gambling (Maysir), non-permissible (Haram) and speculative (Gharar).

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