arbiter
JournalsPricingAccount

Proposed <i>waqf</i> crowdfunding models for small farmers and the required parameters for their application

Hassan Azganin et al.

Islamic Economic Studies2021https://doi.org/10.1108/ies-01-2021-0006article
ABDC C
Weight
0.69

What the paper says

Purpose Small farmers are considered one of the most affected communities worldwide due to poverty. Hence, this paper aims to study how the proposed waqf crowdfunding models are intended to provide alternative sources of funds for the waqf institutions and farmers. Design/methodology/approach The present study employed a qualitative method by analysing the relevant literature on crowdfunding, waqf cash, waqf and agriculture, together with the primary sources of the Ḥadīth . Findings This paper provides the conceptual framework of two waqf crowdfunding model (WCM) and the required parameters for their application. It is found that crowdfunding can bring immense benefits to the agriculture sector and farmers if it is integrated with waqf. This system will enable underprivileged farmers to meet their necessities and participate in their country's economic development. Research limitations/implications Future research may consider a waqf crowdfunding integrated model targeting other businesses. Originality/value This study provides the required parameters for the application of the proposed models. Four areas were analysed and discussed: the regulatory compliance parameters, the shariah compliance parameters, the risk management parameters and, finally, waqf governance parameters. To the best of the author's knowledge, this is the first proposed waqf and crowdfunding integrated model for agricultural financing.

36 citations

Open paper page →

Cite this paper

https://doi.org/https://doi.org/10.1108/ies-01-2021-0006

Or copy a formatted citation

@article{hassan2021,
  title        = {{Proposed <i>waqf</i> crowdfunding models for small farmers and the required parameters for their application}},
  author       = {Hassan Azganin et al.},
  journal      = {Islamic Economic Studies},
  year         = {2021},
  doi          = {https://doi.org/https://doi.org/10.1108/ies-01-2021-0006},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Proposed <i>waqf</i> crowdfunding models for small farmers and the required parameters for their application

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.69

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.86 × 0.4 = 0.34
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.