Publication: Financial Inclusion Through Crowdfunding In Malaysia: A Review
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Date
2022
Journal Title
Journal ISSN
Volume Title
Publisher
Penerbit USIM
Abstract
The aim of this study to review the position of Malaysia in terms of financial inclusion and crowdfunding. The goal of financial inclusion is not only to enhance a country's economic growth but also to eradicate poverty and reduce the gap between the rich and the poor within a country. Crowdfunding can be used as a banking alternative, and countries with a large number of crowdfunding platforms have demonstrated great financial inclusion. By expanding access to capital and displacing unregulated lenders, crowdfunding has the potential to promote financial inclusiveness in the society. This study employs content analysis using secondary data to explore financial inclusion initiatives that can be achieved through crowdfunding platforms. It is hoped that the review would be useful for understanding and promoting crowdfunding as one of the important tools to achieve financial inclusivity in Malaysia. The paper will be useful to researchers, professionals and others concerned with financial inclusion to understand the importance of crowdfunding as one the mechanisms to promote financial inclusiveness. Other than revealing ambiguities, gaps and contradictions in the literature, this paper provides information and guidance for other researchers wishing to embark on research on financial inclusion and crowdfunding.
Description
E-Proceeding SAIS 2022 Seminar Antarabangsa Islam dan Sains 2022 : “Memimpin Integrasi Ilmu Naqli dan Aqli” /Editor: Noorfajri Ismail (Head) , Latifah Abdul Latiff , Zalika Adam, Syamila Mansor, Dzulkhairi Mohd Rani, Ahmad Fadly Nurullah Rasedee, Azman Ab Rahman, Nur Aina Abdulah, Manal Jusoh, Syed Najihuddin Syed Hassan
1 December 2022 \ Venue: Fakulti Perubatan dan Sains Kesihatan, USIM
Organized by Persatuan Kakitangan Akademik Universiti Sains Islam Malaysia (PKAUSIM), Faculty of Syariah and Law, USIM and the Institute of Fatwa and Halal (iFFAH)
Keywords
Financial inclusion, crowdfunding, poverty