Is Crowdfunding Sharia Compliant?

Abstract

The comparative analysis of the characteristics of both crowdfunding and Islamic finance shows that there is little divergence between these financing tools. In fact, an “Islamic crowdfunding” has recently emerged, with activities in several countries, despite a conceptual status which has to be confirmed because of the absence of consensus about its exact name. Meanwhile, platforms of “Islamic crowdfunding” are quite heterogeneous as far as the proposed financing type and the reference to Sharia are concerned.

Citation

Nivoix, S. and Ouchrif, F.Z. (2016), "Is Crowdfunding Sharia Compliant?", Méric, J., Maque, I. and Brabet, J. (Ed.) International Perspectives on Crowdfunding, Emerald Group Publishing Limited, Leeds, pp. 185-198. https://doi.org/10.1108/978-1-78560-315-020151011