THE ROLE OF INVESTMENT-BASED ISLAMIC CROWDFUNDING FOR HALAL MSMEs: EVIDENCE FROM INDONESIA

Abdullah, Zaki; Susamto, Akhmad Akbar

doi:10.15408/aiq.v11i2.13623

Cited by 5 publications

(4 citation statements)

References 5 publications

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“…Crowdfunding services, in addition to sharia banking, cannot be underestimated in supporting the development of the halal industry. Micro-enterprises in the halal industry can use crowdfunding services as an alternative to applying for financing other than sharia banking (Abdullah & Susamto, 2019). The partnership of halal industry participants with the government, academics, religious leaders, and community leaders with the Penta helix model for the development of the halal business with its integration into Islamic finance is critical.…”

Section: Resultsmentioning

confidence: 99%

The Potential Synergy of Halal Industry and Islamic Banking in Bangka Belitung Province: SWOT Analysis

Cipta¹,

Hatamar²

2023

integr. j. of. bus. and. econ.

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The synergy between the halal industry and sharia banking is essential to creating a halal ecosystem in Bangka Belitung Province. Meanwhile, this synergy has not been seen at this time. This qualitative research was conducted through a SWOT analysis to answer the causes of the lack of synergy between Islamic banking and the halal industry. The findings of this research show that the strength of this synergy is the majority Muslim population and religious harmony, abundant natural resources. The weakness of this synergy is that national regulations are not evenly distributed to support the halal ecosystem, and there are many obstacles to the development of Islamic banking. In terms of opportunities, this synergy can be seen in the rapid development of financial technology, the many types of halal industry businesses giving many options for Islamic banks to make financing products. Meanwhile, on the threat, this synergy is constrained by the low level of public literacy.

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Section: Resultsmentioning

confidence: 99%

The Potential Synergy of Halal Industry and Islamic Banking in Bangka Belitung Province: SWOT Analysis

Cipta¹,

Hatamar²

2023

integr. j. of. bus. and. econ.

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“…The requirements of a Shariah-compliant crowdfunding framework include project initiators (e.g., individuals, organizations, and businesses), potential funders, crowdfunding operators, and the Shariah Supervisory Board. The role of the Sharia Supervisory Board is very important and necessary to identify projects offered by crowdfunding are halal following sharia (Abdullah & Susamto, 2019).…”

Section: Sharia Crowdfundingmentioning

confidence: 99%

Development of sustainable Tamanu industry in Indonesia based on the green waqf model through sharia crowdfunding platforms

Fikri

Andrean

2023

RISFE

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Purpose – This study aims to describe how the green waqf-based model through sharia crowdfunding platform for sustainable Tamanu industrial development in Indonesia. The Tamanu industry is a sustainable industry engaged in the agricultural sector (agro-based industry) based on the utilization of Tamanu plants (Calophyllum inophyllum), which can consist of the plantation industry, biofuel industry and pharmaceutical and cosmetic industry.Methodology – This research uses a descriptive qualitative approach in the form of a literature study of various literature relevant to the research topic. This research is a type of development research to formulate a model to answer the existing problems on how to find funding solutions for developing the Tamanu industry in Indonesia.Findings – A green waqf-based financing model through a Sharia crowdfunding platform can be a solution to financing the sustainable Tamanu industry.Implications – Through this model, the potential of existing waqf can be further maximized to impact the community's economic progress and environmental sustainability through developing a sustainable Tamanu industry.Originality – This model is an elaboration between studies on renewable energy, Islamic philanthropy, Sharia financial technology, and green industry to support achieving sustainable development goals in Indonesia.

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“…According to Massolution, ( The type of equity crowdfunding that is used effectively to help business actors is the type of equitybased crowdfunding (Z. Abdullah & Susamto, 2019;Sari et al, 2020). It's also the type of crowdfunding that has been applied in this research.…”

Section: Literature Review Equity Crowdfundingmentioning

confidence: 99%

The Role of Equity Crowdfunding Business Model in Improving Employee Welfare Based on Maqashid Shari'ah Perspective: Case Study of SMEs listed in Santara Platform

Virgiawan,

Luthfiani

2023

JIEI

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SMEs have a big role in the country's economy. However, during the Covid-19 pandemic, the condition of SMEs declined and needed solutions, especially related to funding. Equity crowdfunding for SMEs is a breakthrough business model that has begun to be studied by many researchers. However, research on equity crowdfunding in SMEs is still rarely done. Moreover, researchers have not specifically analyzed employee welfare in the maqasid shariah perspective which is a research gap. This study aims to analyze the concept of equity crowdfunding management and its impact on employee welfare referring to the maqashid shari'ah perspective which consists of 5 aspects, namely religious protection, protection of life, protection of mind, protection of offspring and protection of property. This research is qualitative research with descriptive analysis method. The data in this study are primary and secondary data, Primary data was obtained through in-depth interviews with 5 SMEs from the food and beverage industry that had been registered at PT Santara Daya Inspiratama for the 2019-2021 period, which were randomly selected. And secondary data in this study is literature related to crowdfunding equity and maqasid shariah. This research results that the equity crowdfunding business model is a business model that overshadows the cooperation between investors and SMEs in capital. It is evident that in general crowdfunding has an important role in improving the welfare of SME employees. Specifically, from the 5 aspects of welfare based on maqasid shari'ah, it was found that there were 2 aspects that had not been achieved, namely the protection of the soul and the protection of offspring. As for the protection of religion, protection of reason and protection of property, SMEs have been able to carry out well with the encouragement of crowdfunding.

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THE ROLE OF INVESTMENT-BASED ISLAMIC CROWDFUNDING FOR HALAL MSMEs: EVIDENCE FROM INDONESIA

Cited by 5 publications

References 5 publications

The Potential Synergy of Halal Industry and Islamic Banking in Bangka Belitung Province: SWOT Analysis

The Potential Synergy of Halal Industry and Islamic Banking in Bangka Belitung Province: SWOT Analysis

Development of sustainable Tamanu industry in Indonesia based on the green waqf model through sharia crowdfunding platforms

The Role of Equity Crowdfunding Business Model in Improving Employee Welfare Based on Maqashid Shari'ah Perspective: Case Study of SMEs listed in Santara Platform

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