The Rise of Crowdfunding

The SMEs Funding Decisions through the Islamic Equity Crowdfunding Platform

“…Crowdfunding marks a new trend for SMEs to find financial resources in an era dominated by the internet (Aladejebi, 2020). Crowdfunding opens opportunities for anyone to invest and basically via the internet, to provide financial resources either in the form of donations or in investment (Biancone & Secinaro, 2016;Lambert, 2022).…”

“…Several previous studies that discussed crowdfunding were (Agrawal et al, 2010;Hemer, 2011;Mollick, 2014;Fenwick et al, 2018;Muneeza et al, 2018;Brand, 2021) and (Eldrigde et al, 2021;Mollick, 2014) mentions crowdfunding as one of the efforts made by individuals and groups of entrepreneurial, cultural, social, and non-profit organizations to fund their businesses by utilizing small contributions from several individuals who use the internet, and without financial intermediaries. Since crowdfunding platforms first appeared online, they immediately became a concern and a new way to raise funds for new ventures (Lambert, 2022). Initially, crowdfunding was only used to fund artistic projects (Agrawal et al, 2010), but quickly expanded to other sectors, such as technology, knowledge-based startups, and new product development (Hemer, 2011).…”