Crowdfunding and Islamic Finance: A Good Match?

Abstract

This chapter wishes to explore the relationship between two fast-growing industries: Islamic finance and crowdfunding. Institutions offering Islamic financial services have increased in number and availability thanks to a growing demand by certain segments of the world’s 1.3 billion Muslims for Sharia’h-compliant products.1 Meanwhile crowdfunding platforms are growing worldwide, thus showing their viability to attract much-needed investment for businesses and entrepreneurs.