Financial sustainability of SMEs through Islamic crowdfunding
Recent years have witnessed the growth of Islamic crowdfunding from its mere existence to successfully distinguishing itself from conventional crowdfunding. The concept of crowdfunding is known as a practice of funding a project or venture by raising small amounts of money from many people, typica...
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| Format: | Book Chapter |
| Language: | English English |
| Published: |
IGI Global
2019
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| Online Access: | http://irep.iium.edu.my/78206/ http://irep.iium.edu.my/78206/1/78206%20-%20Cover-Copyright-Page-table%20of%20content-about%20the%20contributors.pdf http://irep.iium.edu.my/78206/2/78206-Financial-Sustainability-of-SMEs-Through-Islamic-Crowdfunding.pdf |
| _version_ | 1848788571880685568 |
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| author | Haron, Razali Md Husin, Maizaitulaidawati |
| author2 | Rafay, Abdul |
| author_facet | Rafay, Abdul Haron, Razali Md Husin, Maizaitulaidawati |
| author_sort | Haron, Razali |
| building | IIUM Repository |
| collection | Online Access |
| description | Recent years have witnessed the growth of Islamic crowdfunding from its mere existence to successfully
distinguishing itself from conventional crowdfunding. The concept of crowdfunding is known as a practice
of funding a project or venture by raising small amounts of money from many people, typically via the Internet. The concept of crowdfunding has gained popularity worldwide as an alternative source of financing, especially among small businesses which include small and medium enterprises (SMEs). As SMEs continuously face lack of financing which may hinder their business growth, it is projected that
the emerging crowdfunding model may help solve this problem while at the same time sustain SMEs’ financial suitability. In this chapter, the concept of Islamic crowdfunding, crowdfunding models, the
benefits and weaknesses of crowdfunding for SMEs, the applicability of crowdfunding towards driving
financial sustainability initiatives for SMEs and issues for future research are discussed. |
| first_indexed | 2025-11-14T17:42:57Z |
| format | Book Chapter |
| id | iium-78206 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T17:42:57Z |
| publishDate | 2019 |
| publisher | IGI Global |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-782062020-02-06T03:21:26Z http://irep.iium.edu.my/78206/ Financial sustainability of SMEs through Islamic crowdfunding Haron, Razali Md Husin, Maizaitulaidawati HG3368 Islamic Banking and Finance Recent years have witnessed the growth of Islamic crowdfunding from its mere existence to successfully distinguishing itself from conventional crowdfunding. The concept of crowdfunding is known as a practice of funding a project or venture by raising small amounts of money from many people, typically via the Internet. The concept of crowdfunding has gained popularity worldwide as an alternative source of financing, especially among small businesses which include small and medium enterprises (SMEs). As SMEs continuously face lack of financing which may hinder their business growth, it is projected that the emerging crowdfunding model may help solve this problem while at the same time sustain SMEs’ financial suitability. In this chapter, the concept of Islamic crowdfunding, crowdfunding models, the benefits and weaknesses of crowdfunding for SMEs, the applicability of crowdfunding towards driving financial sustainability initiatives for SMEs and issues for future research are discussed. IGI Global Rafay, Abdul 2019-12-27 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/78206/1/78206%20-%20Cover-Copyright-Page-table%20of%20content-about%20the%20contributors.pdf application/pdf en http://irep.iium.edu.my/78206/2/78206-Financial-Sustainability-of-SMEs-Through-Islamic-Crowdfunding.pdf Haron, Razali and Md Husin, Maizaitulaidawati (2019) Financial sustainability of SMEs through Islamic crowdfunding. In: Handbook of Research on Theory and Practice of Global Islamic Finance. Advances in Finance, Accounting, and Economics (AFAE) . IGI Global, Hershey, Pennsylvania, USA, pp. 321-337. ISBN 9781799802181, 1799802183 https://www.igi-global.com/gateway/book/226989 DOI: 10.4018/978-1-7998-0218-1.ch018 |
| spellingShingle | HG3368 Islamic Banking and Finance Haron, Razali Md Husin, Maizaitulaidawati Financial sustainability of SMEs through Islamic crowdfunding |
| title | Financial sustainability of SMEs through Islamic crowdfunding |
| title_full | Financial sustainability of SMEs through Islamic crowdfunding |
| title_fullStr | Financial sustainability of SMEs through Islamic crowdfunding |
| title_full_unstemmed | Financial sustainability of SMEs through Islamic crowdfunding |
| title_short | Financial sustainability of SMEs through Islamic crowdfunding |
| title_sort | financial sustainability of smes through islamic crowdfunding |
| topic | HG3368 Islamic Banking and Finance |
| url | http://irep.iium.edu.my/78206/ http://irep.iium.edu.my/78206/ http://irep.iium.edu.my/78206/ http://irep.iium.edu.my/78206/1/78206%20-%20Cover-Copyright-Page-table%20of%20content-about%20the%20contributors.pdf http://irep.iium.edu.my/78206/2/78206-Financial-Sustainability-of-SMEs-Through-Islamic-Crowdfunding.pdf |