In Indonesia, halal crowdfunding is becoming part of islamic finance acting as an alternative financing instrument to facilitate the implementation of projects for indonesian borrowers who are facing difficulties to raise money through the classical lending channels.
The main difference of halal crowdfunding in Indonesia with conventional crowdfunding is the utilisation of the Murabaha principle which allows to finance trade which are underlined by tangible goods. The combination of Islamic finance with crowdfunding will solve the SMEs problems in Jakarta. Islamic Crowdfunding encourage cooperation amongst islamic communities in Indonesia to collect funds for a business or social project in Indonesia.
Indonesia Investors who are participating in a campaign first purchase the goods and sell it later to the borrower against a profit margin.
For SMEs in Indonesia islamic crowdfunding is the real alternative as the banking support including sharia banking financing support for SMEs is generally missing because Islamic financing has served large Indonesian corporates mainly.
INDONESIA ONLINE ISLAMIC CROWDFUNDING PLATFORMS
INDONESIA ISLAMIC CROWNDFUNDER