Muqtasid: Jurnal Ekonomi dan Perbankan Syariah
Vol 11, No 1 (2020): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah

Determinants of Investment In Islamic Crowdfunding

Muhammad Nafik Hadi Ryandono ((SCOPUS ID: 57205295169) Universitas Airlangga Surabaya)
Ida Wijayanti (Islamic Economics Department, Universitas Airlangga)
Kumara Adji Kusuma (Universitas Muhammadiyah Sidoarjo)



Article Info

Publish Date
30 Jun 2020

Abstract

Investment decisions in Islamic Crowdfunding have many determinants, including: project quality, creator abilities, social network creators, reputation and entrepreneur experiences. This study examines the influence of significant and insignificant determinants of investment in Islamic Crowdfunding. It uses a random sampling technique with Structural Equation Modeling Partial Least Square (PLS) as the analysis model. The results show that social creators and entrepreneur experiences have a significant effect on investment in Islamic Crowdfunding. Contrastingly, project quality, creator ability, and reputation have insignificant influences. Entrepreneur experiences and reputation of the platform have dominant and least influence on investment in Islamic crowdfunding, respectively. Creator’s ability has a dominant-negative effect on Islamic Crowdfunding, and therefore, it requires special attention. The sharia values contained in all investment determinants are the primary consideration by investors. Therefore, increasingly inevitable sharia compliance is a necessity from time to time.

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Journal Info

Abbrev

muqtasid

Publisher

Subject

Economics, Econometrics & Finance

Description

Muqtasid: Jurnal Ekonomi dan Perbankan Syariah (Muqtasid), with registered number ISSN 2087-7013 (Print) and ISSN 2527-8304 (Online), is a peer-reviewed journal published two times a year (January-June, and July-December) by Faculty of Islamic Economics and Business, IAIN Salatiga. Muqtasid is ...