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التمويل الجماعي الإسلامي: فرص بديلة للتمويل في العالم العربي
[Islamic crowdfunding: alternative opportunities for financing in the Arab world]

Author

Listed:
  • Chiad, Faycal

Abstract

Recent years have seen a growing interest in the enterprise and microenterprise sector. We have seen several government initiatives to encourage the sector, drive economic development, create employment and reduce government burdens, and intensify efforts to overcome difficulties for entrepreneurs and small businesses. Despite all these efforts, the lacks of funding opportunities still the top obstacle of challenges. Because of the banks' monopoly on financing in the Arab countries, alternative tools must be sought in the light of technological development. With the advent and spread of financial technology, Fintech has changed the way of lending and access to money. One of the most important financing tools is crowd funding, which this research clarifies its concept and types, and its most important shariah compliance rules. and suggest some appropriate projects for each type of crowd funding.

Suggested Citation

  • Chiad, Faycal, 2019. "التمويل الجماعي الإسلامي: فرص بديلة للتمويل في العالم العربي [Islamic crowdfunding: alternative opportunities for financing in the Arab world]," MPRA Paper 115198, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:115198
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    References listed on IDEAS

    as
    1. Alan Tomczak & Alexander Brem, 2013. "A conceptualized investment model of crowdfunding," Venture Capital, Taylor & Francis Journals, vol. 15(4), pages 335-359, October.
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    More about this item

    Keywords

    crowdfunding; Islamic crowdfunding; shariah compliance; Arab countries;
    All these keywords.

    JEL classification:

    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • P43 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Finance; Public Finance

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