Publication:
Islamic Donations-based Crowdfunding Platforms In Malaysia: An Evaluation Of Regulatory And Shariah Issues

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dc.contributor.authorRafisah Mat Radzi
dc.contributor.authorNurul Aini Muhamed
dc.contributor.authorMuhammad Iqmal Hisham Kamaruddin
dc.contributor.authorWan Nur Fazni Wan Mohamad Nazarie
dc.contributor.authorAimi Fadzirul Kamarubahrin
dc.date.accessioned2024-09-25T17:05:14Z
dc.date.available2024-09-25T17:05:14Z
dc.date.issued2024
dc.date.submitted2024-9-25
dc.descriptionPetita Jurnal Kajian Ilmu Hukum Dan Syariah, 9(2) Page (413-434)
dc.description.abstractThe emergence of innovative digital financial technologies has made donation-crowdfunding viable as a method that can supplement traditional fundraising mechanisms. Crowdfunding has recently gained worldwide attention as an alternative financing mechanism to the traditional fundraising methods for business ventures or social projects. While donation-crowdfunding which utilise platforms has demonstrated promising growth, there is no established legal framework available to accommodate its operation, especially for Islamic ones. Therefore, this study provides intuitive information pertaining to legal and Shariah issues in governing Islamic donation-based crowdfunding in Malaysia. Drawing from the conceptual framework of Islamic economics and qualitative data collection through semi-structured with six representatives of the Islamic donation-crowdfunding platforms, this study concludes that the issues associated with Malaysian regulations regimes and Shariah issues revolve around the donation- based crowdfunding platforms business model should be considered when devising a Shariah framework for donation-crowdfunding schemes. The findings will help policymakers to formulate and put in place the appropriate regulatory framework to facilitate Islamic donation-based crowdfunding practice.
dc.identifier.citationRafisah Mat Radzi, Nurul Aini Muhamed, Muhammad Iqmal Hisham Kamaruddin,Wan Nur Fazni Wan Mohamad Nazarie & Aimi Fadzirul Kamarubahrin (2024). ISLAMIC DONATIONS-BASED CROWDFUNDING PLATFORMS IN MALAYSIA: AN EVALUATION OF REGULATORY AND SHARIAH ISSUES. Petita Jurnal Kajian Ilmu Hukum Dan Syariah, 9(2). https://doi.org/10.22373/petita.v9i2.316
dc.identifier.doi10.22373/petita.v9i2.316
dc.identifier.epage43
dc.identifier.issn2549-8274
dc.identifier.issue1
dc.identifier.spage22
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/22956
dc.identifier.urihttps://petita.ar-raniry.ac.id/index.php/petita/article/view/316/360
dc.identifier.volume9
dc.language.isoen_US
dc.publisherUniversitas Islam Negeri Ar-Raniry
dc.relation.ispartofPETITA: Jurnal Kajian Ilmu Hukum dan Syariah
dc.relation.issn2549-8274
dc.relation.journalPETITA:Jurnal Kajian Ilmu Hukum dan Syariah
dc.subjectCrowdfunding platform
dc.subjectDonation-based crowdfunding
dc.subjectframework
dc.subjectIslam
dc.subjectRegulation
dc.subjectShariah (Islamic law)
dc.titleIslamic Donations-based Crowdfunding Platforms In Malaysia: An Evaluation Of Regulatory And Shariah Issues
dc.typetext::journal::journal article::research article
dspace.entity.typePublication
oaire.citation.endPage434
oaire.citation.issue2
oaire.citation.startPage413
oaire.citation.volume9
oairecerif.author.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#
oairecerif.author.affiliationUniversiti Sains Islam Malaysia
oairecerif.author.affiliationUniversiti Sains Islam Malaysia
oairecerif.author.affiliationUniversiti Sains Islam Malaysia
oairecerif.author.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#

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