Suitability of Crowdfunding in Islamic Social Finance from the Perspective of Maqasid Sharia
Keywords:
Islamic Crowdfunding, Islamic Social Finance, Maqasid ShariaAbstract
This study aims to analyze the suitability of the application of Islamic crowdfunding to Islamic social finance based on the perspective of sharia maqasid. Content analysis methods with deductive and inductive approaches are used to find practical relevance. The results of the study show that Islamic crowdfunding contributes significantly to the maintenance of religion by strengthening the practice of Islamic philanthropy that is more transparent and efficient. In terms of soul maintenance, this platform helps people in need in terms of health, education, and welfare. Islamic crowdfunding also supports the maintenance of reason by facilitating funding for Islamic-based education and innovation. From the perspective of child rearing, this mechanism plays a role in reducing economic and social disparities that can have an impact on family welfare. Finally, in the aspect of property preservation, Islamic crowdfunding ensures a more equitable distribution of wealth and increases the accessibility of funding for micro enterprises and social activities. These findings confirm that Islamic crowdfunding is not only in line with sharia maqasid, but also has the potential to become a more inclusive and sustainable social finance model.
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