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Exploring Sharia-Compliant Fintech Equity Crowdfunding: New Opportunities for Business Financing A. Ifayani Haanurat
Revenue Journal: Management and Entrepreneurship Vol 3 No 1 (2025): Revenue Journal: Management and Entrepreneurship
Publisher : CV. Bimbingan Belajar Assyfa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61650/rjme.v3i1.338

Abstract

In recent years, the rise of fintech has revolutionized the landscape of business financing, offering innovative solutions that align with ethical frameworks. This study delves into the potential of Sharia-compliant fintech equity crowdfunding as a transformative tool for business financing, particularly for entrepreneurs and small to medium-sized enterprises (SMEs) seeking alternative funding routes. Unlike traditional financial systems, Sharia-compliant crowdfunding adheres to Islamic principles, focusing on equity-based financing which prohibits interest (riba) and promotes risk-sharing. This research aims to bridge the gap in existing literature by exploring new theories and concepts surrounding this financing method, examining its practical application and potential benefits. The study adopts a mixed-methods approach, combining qualitative and quantitative data collection techniques. Surveys and in-depth interviews were conducted with 200 business actors across diverse sectors and regions, focusing on their experiences and perceptions of Sharia-compliant equity crowdfunding. Additionally, case studies of successful crowdfunding campaigns were analyzed to highlight effective strategies and common challenges faced by participants. Data analysis was performed using thematic analysis for qualitative data and statistical methods for quantitative data, providing a comprehensive picture of the current landscape. The findings reveal that Sharia-compliant equity crowdfunding significantly enhances financial inclusion by offering a viable financing avenue that aligns with ethical values, thereby attracting a broader range of investors. Moreover, businesses that have embraced this financing method reported substantial growth and development, indicating a positive correlation between Sharia-compliant crowdfunding and economic advancement. However, the study also identifies several barriers to widespread adoption, including limited awareness and understanding of Sharia financing principles, as well as restricted access to platforms in certain regions. To address these challenges, the research suggests implementing targeted educational initiatives and improving platform accessibility to maximize the potential benefits of Sharia-compliant equity crowdfunding.
Eksplorasi Equity Crowdfunding Berbasis Syariah sebagai Inovasi Pembiayaan Bisnis: Tantangan dan Peluang dalam Ekonomi Islam A. Ifayani Haanurat
Cashless : Journal of Sharia Finance and Banking Vol. 4 No. 2 (2026): Cashless : Journal of Sharia Finance and Banking (Oktober) Inpress
Publisher : Universitas Nahdlatul Ulama Pasuruan, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Dinamika industri fintech dalam beberapa tahun terakhir telah merevolusi ekosistem pembiayaan bisnis melalui solusi inovatif yang berbasis pada kerangka kerja etika. Studi ini mengkaji potensi equity crowdfunding (urun dana ekuitas) berbasis syariah sebagai instrumen transformatif bagi wirausahawan serta usaha kecil dan menengah (UKM) yang membutuhkan alternatif pendanaan, sejalan dengan tujuan pengembangan ekonomi Islam. Berbeda dengan mekanisme keuangan konvensional, model ini mengadopsi prinsip syariah yang menekankan pada pembiayaan berbasis ekuitas, pelarangan praktik bunga (riba), dan penerapan prinsip bagi hasil serta berbagi risiko (risk-sharing). Penelitian ini bertujuan untuk mengisi celah literatur dengan mengeksplorasi teori, konsep, serta implementasi praktis dari metode pembiayaan tersebut. Menggunakan pendekatan metode campuran (mixed methods), penelitian ini mengintegrasikan data kualitatif dan kuantitatif dari survei serta wawancara mendalam terhadap 200 pelaku bisnis di berbagai sektor. Selain itu, dilakukan analisis studi kasus terhadap kampanye crowdfunding yang sukses untuk mengidentifikasi strategi efektif dan tantangan operasional. Hasil analisis tematik dan statistik menunjukkan bahwa pendanaan ekuitas syariah secara signifikan memperluas inklusi keuangan dengan menyediakan akses modal yang selaras dengan nilai-nilai etika, sehingga mampu menarik basis investor yang lebih luas. Bisnis yang memanfaatkan instrumen ini melaporkan adanya pertumbuhan kinerja yang signifikan, yang mengindikasikan adanya korelasi positif antara pendanaan berbasis syariah dengan kemajuan ekonomi. Namun, studi ini juga menemukan hambatan utama, yaitu minimnya literasi mengenai prinsip keuangan syariah serta keterbatasan akses terhadap platform di wilayah tertentu. Sebagai solusi, penelitian ini merekomendasikan penguatan inisiatif edukasi yang terukur serta peningkatan aksesibilitas platform guna mengoptimalkan manfaat strategis dari pendanaan ekuitas syariah bagi kemajuan bisnis di masa depan.
Co-Authors Abdul Khaliq Achmadi Achmadi Achmadi Achmadi Adinda Syalsyabilla Aidha Vedianty Alam Tauhid Syukur, Alam Tauhid Alda, Alda Ananda Saputri Andi Mappatompo Andi Nila Sari Andi Rustam Arman Arman Arni Arni Arsal, Muryani Arsyad Arsyad Asri Jaya Asrijal Bintang Awaliah, Eni Versary Azizah Saban Badollahi, Ismail Budi Mawan Aris Buyung Romadhoni Choiriah Muslimah Nurdin Choirudin, Choirudin Danil Maulana Dhakal, Amrit Fakhira Irwan Fuadah Johari Hainnuraqma Binti Rahim Hairul Mar’i Harfina Handayani Husnaeda Husnaeda Husnaeda Ipahriani Rahman Ipahriani Rahman Irpan Irpan Ismi Aulia Rahma Ramly J, Jusriadi Jam’an, Andi Kadriati Hasyim Karsinah Sidi Kartini Kartini M. Yusuf K M. Yusuf K M. Yusuf. K Mardin Mardin Mardin, Mardin Marsyad Alganawi Salam Meily Meliyani Muchran, Muchriady Muchriady Muchran Muchriana Muchran Muchriana Muchran Muchriana Muchran Muchriana Muchran Muchriana Muchran Muh. Saharulla Muhammad Nur Abdi Muhammad Syaiful Muhammad Syaiful Muhammad Umar Muryani Arsal Musdalifa Musdalifa Musdalifa Musdalifa Nasrullah Nasrullah Nasrullah Nasrullah Nur Yanti, Nur Nurbiah Nurbiah Nurlina Nurlina Nurlina Nurlina Nurmi Nurmi Nur’aeni Nur’aeni Pratiwi, Nurul Rezky Putri, Aisyah Aulia Rahman, Anisur Rahmawati Muin Ramly Ramly Rani Darmayanti Razak, Linda Arisanty Rd. Heri Solehudin Risaldi, Muh Romadhoni, Buyung Rony Kusmaladi Rusni Hasni Rustam, Andi S. Sukmawati Safitri Nurfianti Safri Haliding Sahabuddin Nanda Sahabuddin Nanda Sahabuddin Nanda Sahay Amrita Tollentino Saiful Bakhri Sakia Putri Samsul Salam, Marsyad Alganawi Salsabila Arianto Samsul Bahari Siti Asiah Azis Sriwahyuni Rustan Suarni, Agusdiwana Sukmawati - Sukmawati S Sukmawati Sukmawati Syafaruddin Syafaruddin Syafaruddin Syafaruddin Tiwi Tiwi Tollentino, Sahay Amrita Totok Hendarto Vikram Singh Wa Ode Rayyani Wa Ode Rayyani Wa Ode Rayyani Wa Ode Rayyani Wahyudi Malik Wahyudin Rahman Warda Warda Yusra Putri Zalkha Soraya Zalkha Soraya Zalkha Soraya Zalkha Soraya