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All Journal MUQTASID Journal of Islamic economics Perspectives (JIEP)
Aderemi, Abdulmajeed M.R.
Unknown Affiliation
Religion Economics, Econometrics & Finance Education Social Sciences

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Prospects and Challenges of Crowdfunding as an Alternative Funding Option in Nigeria Aderemi, Abdulmajeed M.R.; Maulida, Sri; Maikabara, Abdullateef Abdulqadir
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 12, No 1 (2021): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18326/muqtasid.v12i1.17-31

Abstract

This study aims to review the concept, prospects, and challenges of crowdfunding in Nigeria. Furthermore, it adopts a library-based concept in which secondary sources are relied on data collection using descriptive and deductive approaches of analysis. The results showed that Nigeria has the potential of becoming the hub center of crowdfunding in Africa. However, various challenges are facing the growth of this platform as a means of financing. These include the issues of regulation, lack of adequate awareness, as well as fraud and corruption. Furthermore, this study recommends the need for adequate awareness about crowdfunding and the regulation to ensure its functionality. It also offers additional literature as a means of financing, especially from the Nigerian context.
Investigating the Viability of the Charity Based Model of Islamic Microfinance for Eradicating the Impact of Covid-19 on Social Wellbeing in Nigeria: A Discriptive Analysis Maikabara, Abdullateef Abdulqadir; Aderemi, Abdulmajeed M.R.; Maulida, Sri
Journal of Islamic Economics Perspectives Vol. 2 No. 1 (2020): September (2020) Journal of Islamic Economics Perspectives
Publisher : Faculty of Islamic Economics and Business, State Islamic University of  Kiai Haji Achmad Siddiq Jember, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/jiep.v2i1.28

Abstract

The coronavirus known as (Covid-19) pandemic has posed a significant impact on social and economic sectors as many institutions and individuals face difficulties in meeting their needs. Over the years, Islamic microfinance has shown positively significant effects on socio-economic development. Recently, it is gaining strong momentum in the financial ground in Nigeria. The research aims to examine the perception of Islamic microfinance on social wellbeing as a relief measure to eradicate the impact of Covid-19. A total of 100 respondents were involved, and descriptive statistical analysis was used to measure the perception. The findings revealed that the charity-based model is viable for relieving the people' social wellbeing. The paper recommended proactive and constructive measures in implementing the model to generate fund for fighting against the outbreak and ensure social stability.
Co-Authors Maikabara, Abdullateef Abdulqadir Maulida, Sri