Analysis of Sharia Conformity Aspects in Stock Investment Based on Securities Crowdfunding

Abstract

Securities crowdfunding is the activity of collecting funds from individuals or groups to fund an activity or business that uses information technology that will get reciprocity from the funds that have been given. One of the securities crowdfunding is that it can issue sharia securities and or securities that are equity in nature. This study aims to explain the mechanism and analysis of Islamic economic law regarding stock investment based on Securities Crowdfunding. The research method uses a normative juridical approach regarding norms or rules sourced from the DSN MUI Fatwa Number 140/DSN-MUI/VIII/2021 with the type of variant descriptive research method. The results of this study show that the stock investment mechanism brings organizers, issuers, and financiers in crowdfunding services to finance a project or an equity (share) business. In sharia economic law, stock investment based on securities crowdfunding is following all mechanisms, provisions, and implementation regarding stock investment in crowdfunding services or securities crowdfunding-based services in terms of the contracts used and prohibitions that should not be carried out in sharia principles and by the views of classical and contemporary jurisprudence scholars

Islamic Securities Crowdfunding Research: A Bibliometric Analysis

“…Several papers that also appear in searches based on "title and abstract" that are relevant to the Islamic Securities Crowdfunding theme on Dimension.ai are "Islamic Securities Crowdfunding Based on Indonesia's Islamic and Positive Law Perspective" by (Fahmy & Zahra, 2023), "Analysis of Sharia Conformity Aspects in Stock Investment Based on Securities Crowdfunding" by (Utama & Ganda, 2022), "Business Strategy on the Success of Sharia Securities Crowdfunding: Indonesian Sharia Crowdfunding Pioneer" by (Pratami et al, 2022), "Crowdfunding in the emerging markets" by (Ahmad et al, 2021), "Islamic Securities Crowdfunding (I-SCF): A Potential Analysis of Sustainable Development Goals Based on Al-Maqashid Sharia's Perspectives" by (Wafa et al, 2022), and " Islamic Crowdfunding: Viability for Start-ups" by (Basir et al, 2023).…”