A discourse on the potential of crowdfunding and Islamic gfinance in the agriculture sector of East Jaya, Indonesia
The contribution of the agricultural sector towards East Java’s Gross Domestic Product (GDP) in 2008 recorded at 16.55%, however, it shrinks to 13.75% in 2015. This statistic shows the regressed contribution of the agriculture sector in comparison to other economic sectors. One common view that link...
| Main Authors: | , , , |
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| Format: | Article |
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Faculty of Economics, Universitas Islam Indonesia
2020
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| Online Access: | http://eprints.sunway.edu.my/1418/ |
| _version_ | 1848802053753667584 |
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| author | Mohd Thas Thaker, Hassanudin * Ahmad, K. Chandra Sakaran, K. Mohd Thas Thaker, M. A. |
| author_facet | Mohd Thas Thaker, Hassanudin * Ahmad, K. Chandra Sakaran, K. Mohd Thas Thaker, M. A. |
| author_sort | Mohd Thas Thaker, Hassanudin * |
| building | SU Institutional Repository |
| collection | Online Access |
| description | The contribution of the agricultural sector towards East Java’s Gross Domestic Product (GDP) in 2008 recorded at 16.55%, however, it shrinks to 13.75% in 2015. This statistic shows the regressed contribution of the agriculture sector in comparison to other economic sectors. One common view that linked to shrinking in credit composition is due to the lack of credit accessibility for the sector. Given this issue, this paper attempts to propose a viable financing model to develop the agricultural sector in East Java known as Integrated Agricultural Land Crowdfunding Model (IALCM) using Islamic financing instruments in form of a crowd funding platform. This model is expected to offer farmers in East Java to meet their liquidity constraints and the Indonesian government to accelerate social entrepreneurship innovation. Lastly, several challenges and conceivable recommendations have been deliberated for the development of the agricultural sector in East Java. |
| first_indexed | 2025-11-14T21:17:14Z |
| format | Article |
| id | sunway-1418 |
| institution | Sunway University |
| institution_category | Local University |
| last_indexed | 2025-11-14T21:17:14Z |
| publishDate | 2020 |
| publisher | Faculty of Economics, Universitas Islam Indonesia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | sunway-14182020-10-07T04:02:41Z http://eprints.sunway.edu.my/1418/ A discourse on the potential of crowdfunding and Islamic gfinance in the agriculture sector of East Jaya, Indonesia Mohd Thas Thaker, Hassanudin * Ahmad, K. Chandra Sakaran, K. Mohd Thas Thaker, M. A. HF Commerce The contribution of the agricultural sector towards East Java’s Gross Domestic Product (GDP) in 2008 recorded at 16.55%, however, it shrinks to 13.75% in 2015. This statistic shows the regressed contribution of the agriculture sector in comparison to other economic sectors. One common view that linked to shrinking in credit composition is due to the lack of credit accessibility for the sector. Given this issue, this paper attempts to propose a viable financing model to develop the agricultural sector in East Java known as Integrated Agricultural Land Crowdfunding Model (IALCM) using Islamic financing instruments in form of a crowd funding platform. This model is expected to offer farmers in East Java to meet their liquidity constraints and the Indonesian government to accelerate social entrepreneurship innovation. Lastly, several challenges and conceivable recommendations have been deliberated for the development of the agricultural sector in East Java. Faculty of Economics, Universitas Islam Indonesia 2020-01 Article PeerReviewed Mohd Thas Thaker, Hassanudin * and Ahmad, K. and Chandra Sakaran, K. and Mohd Thas Thaker, M. A. (2020) A discourse on the potential of crowdfunding and Islamic gfinance in the agriculture sector of East Jaya, Indonesia. Jurnal Ekonomi & Keuangan Islam (JEKI), 6 (1). pp. 10-23. ISSN 2088-9968 https://journal.uii.ac.id/JEKI/article/view/14072 |
| spellingShingle | HF Commerce Mohd Thas Thaker, Hassanudin * Ahmad, K. Chandra Sakaran, K. Mohd Thas Thaker, M. A. A discourse on the potential of crowdfunding and Islamic gfinance in the agriculture sector of East Jaya, Indonesia |
| title | A discourse on the potential of crowdfunding and Islamic gfinance in the agriculture sector of East Jaya, Indonesia |
| title_full | A discourse on the potential of crowdfunding and Islamic gfinance in the agriculture sector of East Jaya, Indonesia |
| title_fullStr | A discourse on the potential of crowdfunding and Islamic gfinance in the agriculture sector of East Jaya, Indonesia |
| title_full_unstemmed | A discourse on the potential of crowdfunding and Islamic gfinance in the agriculture sector of East Jaya, Indonesia |
| title_short | A discourse on the potential of crowdfunding and Islamic gfinance in the agriculture sector of East Jaya, Indonesia |
| title_sort | discourse on the potential of crowdfunding and islamic gfinance in the agriculture sector of east jaya, indonesia |
| topic | HF Commerce |
| url | http://eprints.sunway.edu.my/1418/ http://eprints.sunway.edu.my/1418/ |