Is Crowdfunding the Future of Islamic Finance?

Muhammet Fatih Canbaz

Makale detayları

Is Crowdfunding the Future of Islamic Finance?

Yazarlar:

Muhammet Fatih Canbaz

Yayıncı:

Bolu Abant Izzet Baysal University

Dergi:

Abant Sosyal Bilimler Dergisi Vol.23 Issue 1, pp.334-351

Belge Tipi:

Makale

Yayın Tarihi:

3/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001286775

pISSN:

2757-9425

Anahtar kelimeler:

Özet:

 Crowdfunding has attracted great interest as an equity financing tool in the last 20 years in developed countries and the last few years in Türkiye. Crowdfunding is a system of soliciting and raising capital by announcing a venture through online platforms through an open call to investors. The most basic feature that distinguishes this tool from traditional financing is; Investors are not always expert investors, but simple people who have internet access and want to be a partner in a venture, even with small capital. Crowdfunding differs from its traditional counterparts with its feature of spreading being an investor to society. This study aims to investigate whether the method can be the future of Islamic finance by revealing the similarities of crowdfunding with the principles of Islamic economics and finance. In this context, the moral aspects of crowdfunding that contradict traditional financing patterns are examined. The study showed that crowdfunding has many common points with the fundamental issues of Islamic economics and finance, so it will be easy to adapt to Islamic finance. However, it is necessary to prepare a basic framework text on the compliance of funding processes with Sharia and to introduce the method to society. The limitations of this study are that Islamic crowdfunding platforms have not yet become widespread in Muslim countries and that venture projects that comply with Islamic rules have not been tested.

 Crowdfunding has attracted great interest as an equity financing tool in the last 20 years in developed countries and the last few years in Türkiye. Crowdfunding is a system of soliciting and raising capital by announcing a venture through online platforms through an open call to investors. The most basic feature that distinguishes this tool from traditional financing is; Investors are not always expert investors, but simple people who have internet access and want to be a partner in a venture, even with small capital. Crowdfunding differs from its traditional counterparts with its feature of spreading being an investor to society. This study aims to investigate whether the method can be the future of Islamic finance by revealing the similarities of crowdfunding with the principles of Islamic economics and finance. In this context, the moral aspects of crowdfunding that contradict traditional financing patterns are examined. The study showed that crowdfunding has many common points with the fundamental issues of Islamic economics and finance, so it will be easy to adapt to Islamic finance. However, it is necessary to prepare a basic framework text on the compliance of funding processes with Sharia and to introduce the method to society. The limitations of this study are that Islamic crowdfunding platforms have not yet become widespread in Muslim countries and that venture projects that comply with Islamic rules have not been tested.

 Crowdfunding has attracted great interest as an equity financing tool in the last 20 years in developed countries and the last few years in Türkiye. Crowdfunding is a system of soliciting and raising capital by announcing a venture through online platforms through an open call to investors. The most basic feature that distinguishes this tool from traditional financing is; Investors are not always expert investors, but simple people who have internet access and want to be a partner in a venture, even with small capital. Crowdfunding differs from its traditional counterparts with its feature of spreading being an investor to society. This study aims to investigate whether the method can be the future of Islamic finance by revealing the similarities of crowdfunding with the principles of Islamic economics and finance. In this context, the moral aspects of crowdfunding that contradict traditional financing patterns are examined. The study showed that crowdfunding has many common points with the fundamental issues of Islamic economics and finance, so it will be easy to adapt to Islamic finance. However, it is necessary to prepare a basic framework text on the compliance of funding processes with Sharia and to introduce the method to society. The limitations of this study are that Islamic crowdfunding platforms have not yet become widespread in Muslim countries and that venture projects that comply with Islamic rules have not been tested.

 Kitle fonlaması gelişmiş ülkelerde son 20 yılda, Türkiyede ise son birkaç yılda özkaynak finansmanı aracı olarak büyük ilgi uyandırmaktadır. Kitle fonlaması, bir girişimin çevrimiçi platformlar aracılığıyla yatırımcılara açık çağrı ile sunularak sermaye talep etme ve toplama sistemidir. Bu aracı geleneksel finansmandan ayıran en temel özellik; yatırımcıların her zaman uzman yatırımcılar olmayışı, internet erişimine sahip olan, küçük tutarlarda da olsa bir girişime ortak olmak isteyen basit insanlardan oluşmasıdır. Bu özelliği yatırımcı olmayı tabana yayarken yöntemi geleneksel muadillerinden de farklı kılmaktadır. Bu çalışmanın amacı, alternatif finansın gelişimiyle ortaya çıkan kitle fonlamasının İslam ekonomisi ve finansı kaideleriyle benzerliklerinin ortaya koyularak yöntemin İslami finansın geleceği olup olamayacağının araştırılmasıdır. Bu kapsamda kitle fonlamasının geleneksel finans kabullerini değiştiren yönleri üzerinde durulmuştur. Çalışma sonuçlarına göre; kitle fonlamasının İslami finans ile birçok ortak özelliği olduğu ve İslami finansa uyumunun kolay olacağı kanaatine ulaşılmıştır. Ancak bu noktada Şeriate uyum konusunda çerçeve metinlerin hazırlanması ve farkındalık çalışmaları gibi önemli ön hazırlık safhalarının tamamlanması gerekmektedir. İslami kitle fonlaması platformlarının henüz Müslüman toplumlarda yeterli sayıda ortaya çıkmamış olması ve İslami kaidelere uygun girişim projelerinin test edilememiş olması çalışmanın kısıtlarındandır.

Makale detayları

Is Crowdfunding the Future of Islamic Finance?

Yazarlar:

Muhammet Fatih Canbaz

Yayıncı:

Bolu Abant Izzet Baysal University

Dergi:

Abant Sosyal Bilimler Dergisi Vol.23 Issue 1, pp.334-351

Belge Tipi:

Makale

Yayın Tarihi:

3/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001286775

pISSN:

2757-9425

crowdfunding

Islamic finance

venture

investment

kitle fonlaması

İslami finans

girişim

yatırım

crowdfunding

Islamic finance

venture

investment

Sayı

Makale detayları

Yazarlar: Muhammet Fatih Canbaz

Yayıncı: Bolu Abant Izzet Baysal University

Dergi: Abant Sosyal Bilimler Dergisi Vol.23 Issue 1, pp.334-351

Belge Tipi: Makale

Yayın Tarihi: 3/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001286775

pISSN: 2757-9425

Sayı

Yazarlar:

Muhammet Fatih Canbaz

Yayıncı:

Bolu Abant Izzet Baysal University

Dergi:

Abant Sosyal Bilimler Dergisi Vol.23 Issue 1, pp.334-351

Belge Tipi:

Makale

Yayın Tarihi:

3/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001286775

pISSN:

2757-9425