<![CDATA[This study examines how principles of Fiqh Muamalah are enacted within Islamic crowdfunding platforms and evaluates their capacity to offer equitable, transparent financing for micro, small, and medium enterprises in the digital age. Using a descriptive qualitative approach grounded in literature review and secondary data analysis, the research links classical ethical precepts from the perspective of Imam al-Shafii with contemporary financial technology practices. Its novelty lies in this integrative reading of traditional Islamic jurisprudence alongside modern digital funding mechanisms an area that remains underexplored. Findings indicate that Islamic crowdfunding can operationalize core values such as fairness, disclosure, and the prohibition of riba across transactional processes. The study concludes that, when designed and governed properly, crowdfunding based on Islamic principles holds promise as a faith-compliant, inclusive financing alternative that supports sustainable participation in the digital economy.]]>
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