Exploring the role of donation-based crowdfunding in Islamic social finance
| DC Field | Value | |
|---|---|---|
| dc.contributor.author | Muhammad Karakulah | |
| dc.contributor.author | Aishath Muneeza | |
| dc.date.accessioned | 2024-08-23T01:41:00Z | |
| dc.date.available | 2024-08-23T01:41:00Z | |
| dc.date.issued | 2024 | |
| dc.description.abstract | This research explores the evolving landscape of donation-based crowdfunding within the context of Islamic social finance, aiming to clarify its role as an instrument of philanthropy and community development. Leveraging a comparative analysis of three prominent platforms - SadaqaHouse, GlobalSadaqah, and LaunchGood - the study explores whether donation-based crowdfunding merely functions as a financing tool or can be classified as a component of Islamic social finance itself. This research utilizes a qualitative approach to investigate the evolving role of donation-based crowdfunding within the realm of Islamic social finance. Focusing on three prominent platforms - SadaqaHouse, GlobalSadaqah, and LaunchGood - the study aims to determine whether donation-based crowdfunding serves merely as a financing tool or can be considered an integral part of Islamic social finance. Through a detailed examination of each platform's operational aspects and campaign offerings, supplemented by thematic analysis and cross-platform comparisons, the research seeks to identify patterns and themes that shed light on the alignment of donation-based crowdfunding with Islamic finance principles. The findings reveal that donation-based crowdfunding platforms transcend the conventional role of financing tools, evolving into instruments of Islamic social finance with a profound impact on global philanthropy. Moreover, these platforms play a pivotal role in advancing social welfare and community empowerment globally, extending beyond financial contributions to tangible social change. The research underscores the originality of its approach in comprehensively evaluating donation-based crowdfunding within the Islamic finance ecosystem, shedding light on its transformative potential as a tool for philanthropy and socioeconomic development. | en_US |
| dc.identifier.citation | Karakulah, M., & Muneeza, A. (2024). Exploring the role of donation-based crowdfunding in Islamic social finance. International Journal of Islamic Economics and Finance Research, 7(1), 42-58. | en_US |
| dc.identifier.doi | https://doi.org/10.53840/ijiefer147 | |
| dc.identifier.issn | 2636-9419 | |
| dc.identifier.uri | https://ikr.inceif.edu.my/handle/INCEIF/4085 | |
| dc.language | English | |
| dc.language.iso | eng | en_US |
| dc.publisher | International Research Centre of Islamic Economics and Finance (IRCIEF), Kolej Universiti Islam Antarabangsa Selangor (KUIS) | en_US |
| dc.source | SEDONA | |
| dc.subject | Islamic social finance | en_US |
| dc.subject | Donation-based crowdfunding | en_US |
| dc.subject | Shariah principles | en_US |
| dc.subject | Social welfare | en_US |
| dc.title | Exploring the role of donation-based crowdfunding in Islamic social finance | en_US |
| dc.type | Journal Article | en_US |
| ikr.doctype | Scholarly Works | |
| ikr.topic.maintopic | Islamic social finance | en_US |
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