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All Journal SERAMBI: Jurnal Ekonomi Manajemen dan Bisnis Islam
Jasmine, Jannatul
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Religion Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Sharia green crowdfunding as a sustainable financing solution for halal MSMEs empowerment Jasmine, Jannatul; Rohim, Ade Nur
SERAMBI: Jurnal Ekonomi Manajemen dan Bisnis Islam Vol 6 No 3 (2024)
Publisher : LPMP Imperium

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36407/serambi.v6i3.1466

Abstract

This research investigates Sharia green crowdfunding as a sustainable mechanism for halal Micro, Small, and Medium Enterprises (MSMEs) in Indonesia. It addresses the gap between environmentally conscious financing and Islamic finance principles, demonstrating how this integration supports the objectives of a green economy. Through a systematic literature review, the study identifies the challenges faced by halal MSMEs. It evaluates the effectiveness of Sharia-compliant financing in improving access to capital. The findings indicate that Sharia-based crowdfunding platforms are crucial for advancing sustainable finance and are aligned with environmental, social, and governance (ESG) principles. The proposed Sharia Green Crowdfunding model provides a new framework for acquiring capital, promoting responsible business practices, and enhancing collaboration between Islamic Financial Institutions and halal MSMEs. Ultimately, this contributes to national economic development. In conclusion, Sharia Green Crowdfunding is vital for Indonesia's ambition to become a global hub for a sustainable Islamic economy. Public interest statements This research enhances the discussion on sustainable development while following Islamic financial principles. It can act as a model for other emerging economies aiming to blend religious and environmental factors into their financial systems.
Co-Authors Ade Nur Rohim