The potential of crowdfunding platform in developing cash-waqf.

Waqf (endowment in Arabic) has the potential to alleviate social and economic issues such as poverty and unemployment. Traditionally, Waqf was confined to tangible and physical assets. However, we believe that Cash-Waqf (endowment of money) has been underutilized despite the significant social and e...

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Main Authors: Rakibi, Mounir, Haron, Razali
Format: Conference or Workshop Item
Language:English
English
Published: 2018
Subjects:
Online Access:http://irep.iium.edu.my/69797/
http://irep.iium.edu.my/69797/
http://irep.iium.edu.my/69797/13/69797%20-%20The%20potential%20of%20crowdfunding%20platform%20in%20developing%20cash-waqf.pdf
http://irep.iium.edu.my/69797/14/69797%20-%20programme%20book.pdf
id iium-69797
recordtype eprints
spelling iium-697972019-02-13T08:59:35Z http://irep.iium.edu.my/69797/ The potential of crowdfunding platform in developing cash-waqf. Rakibi, Mounir Haron, Razali HG3368 Islamic Banking and Finance Waqf (endowment in Arabic) has the potential to alleviate social and economic issues such as poverty and unemployment. Traditionally, Waqf was confined to tangible and physical assets. However, we believe that Cash-Waqf (endowment of money) has been underutilized despite the significant social and economic impacts that it can have nowadays. Yet, Cash-waqf is facing several impediments such as fundraising that need to be resolved in order to ease its implementation and efficient usage. The main purpose of this research is to explore the potential of some technology solutions in solving the fundraising challenge. We implement a qualitative method using semi-structured interviews with six academicians and experts in Islamic finance and Fintech. Through our questionnaires, we try to learn their opinions about the issues facing cash-waqf and the potential of implementing particularly crowdfunding platform in order to address fundraising issue. The paper uses content analysis technique to interpret the data and verbatim quotes to discuss each research objective. Our results suggest that there is a great potential of applying crowdfunding technology to cash-waqf model. Nonetheless, there are still some challenges from the management perspective that need to be addressed for better efficiency. 2018-12 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/69797/13/69797%20-%20The%20potential%20of%20crowdfunding%20platform%20in%20developing%20cash-waqf.pdf application/pdf en http://irep.iium.edu.my/69797/14/69797%20-%20programme%20book.pdf Rakibi, Mounir and Haron, Razali (2018) The potential of crowdfunding platform in developing cash-waqf. In: 6th International Conference of Entrepreneurial Finance, 6-7 December 2018, Agadir, Morocco. (Unpublished) https://ifikr.isra.my/events/event_details/810
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
English
topic HG3368 Islamic Banking and Finance
spellingShingle HG3368 Islamic Banking and Finance
Rakibi, Mounir
Haron, Razali
The potential of crowdfunding platform in developing cash-waqf.
description Waqf (endowment in Arabic) has the potential to alleviate social and economic issues such as poverty and unemployment. Traditionally, Waqf was confined to tangible and physical assets. However, we believe that Cash-Waqf (endowment of money) has been underutilized despite the significant social and economic impacts that it can have nowadays. Yet, Cash-waqf is facing several impediments such as fundraising that need to be resolved in order to ease its implementation and efficient usage. The main purpose of this research is to explore the potential of some technology solutions in solving the fundraising challenge. We implement a qualitative method using semi-structured interviews with six academicians and experts in Islamic finance and Fintech. Through our questionnaires, we try to learn their opinions about the issues facing cash-waqf and the potential of implementing particularly crowdfunding platform in order to address fundraising issue. The paper uses content analysis technique to interpret the data and verbatim quotes to discuss each research objective. Our results suggest that there is a great potential of applying crowdfunding technology to cash-waqf model. Nonetheless, there are still some challenges from the management perspective that need to be addressed for better efficiency.
format Conference or Workshop Item
author Rakibi, Mounir
Haron, Razali
author_facet Rakibi, Mounir
Haron, Razali
author_sort Rakibi, Mounir
title The potential of crowdfunding platform in developing cash-waqf.
title_short The potential of crowdfunding platform in developing cash-waqf.
title_full The potential of crowdfunding platform in developing cash-waqf.
title_fullStr The potential of crowdfunding platform in developing cash-waqf.
title_full_unstemmed The potential of crowdfunding platform in developing cash-waqf.
title_sort potential of crowdfunding platform in developing cash-waqf.
publishDate 2018
url http://irep.iium.edu.my/69797/
http://irep.iium.edu.my/69797/
http://irep.iium.edu.my/69797/13/69797%20-%20The%20potential%20of%20crowdfunding%20platform%20in%20developing%20cash-waqf.pdf
http://irep.iium.edu.my/69797/14/69797%20-%20programme%20book.pdf
first_indexed 2023-09-18T21:39:05Z
last_indexed 2023-09-18T21:39:05Z
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