Operational, Regulatory and Shari'ah Issues of Islamic Lending-Based Crowdfunding: Case
MOHAMED, M. (2018). Operational, Regulatory and Shari'ah Issues of Islamic Lending-Based Crowdfunding: Case. EKB Journal Management System, 64(2), 3-30. doi: 10.21608/skjaz.2018.355839
MYSARA ABDELWAHAB MOHAMED. "Operational, Regulatory and Shari'ah Issues of Islamic Lending-Based Crowdfunding: Case". EKB Journal Management System, 64, 2, 2018, 3-30. doi: 10.21608/skjaz.2018.355839
MOHAMED, M. (2018). 'Operational, Regulatory and Shari'ah Issues of Islamic Lending-Based Crowdfunding: Case', EKB Journal Management System, 64(2), pp. 3-30. doi: 10.21608/skjaz.2018.355839
MOHAMED, M. Operational, Regulatory and Shari'ah Issues of Islamic Lending-Based Crowdfunding: Case. EKB Journal Management System, 2018; 64(2): 3-30. doi: 10.21608/skjaz.2018.355839

Operational, Regulatory and Shari'ah Issues of Islamic Lending-Based Crowdfunding: Case

مجلة مركز صالح كامل للإقتصاد الإسلامى بجامعة الأزهر
Volume 64, Issue 2, April 2018, Page 3-30  XML PDF (701.54 K)
Document Type: المقالة الأصلية
DOI: 10.21608/skjaz.2018.355839
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Author
MYSARA ABDELWAHAB MOHAMED
Institute of Islamic Banking and Finance ASSISTANT. PROF. DR. IBRAHIM NUHU TAHIR, Kulliyyah of Economics and Management Sciences.
Abstract
Abstract
Purpose – The study aims to provide insight into some critical aspects that need to be evaluated for successful Islamic lending-based crowdfunding platforms. It also aims to provide a deep understanding of the use of Islamic financial transactions pertaining to Islamic lending-based crowdfunding.
Methodology – This paper uses a qualitative method which is more appropriate with the objective of the study as it does not require any statistical analyses. The paper is based on document analysis and a comparison approach between of two Islamic lending-based platforms "KapitalBoost in Singapore and Beehive in Dubai" from the Shari'ah perspective. These two are considered the most active platforms of Islamic lending-based model. 
Findings – Basically there are three contractual relationships in the underlying contracts of Islamic lending-based platform "sale, Tawarruq and agency-based". Some Shari'ah issues rise: the relationship of the platform with the parties, responsibility of Shari'ah compliance during lending period and other Shari'ah issues related to the underlying contracts.
Originality/value – The study highlights several issues in Islamic lending-based platforms in terms of operational, regulatory and Shari'ah issues. The paper also contributes significantly in providing the literatures of Islamic lending-based crowdfunding as an emerging issue from the social finance aspect. 
Keywords: crowdfunding, lending-based, Islamic lending-based, contract, KapitalBoost, Beehive.
 
Keywords
Paper type: research paper
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