chapter  7
18 Pages

Islamic entrepreneurship and the fundraising challenge

Unlocking capital via crowdfunding in the sharing economy
ByHoussem eddine Bedoui, Rami Abdelkafi

The capacity of countries to grow is contingent on their capability to develop a vibrant private sector, and enhancing entrepreneurship constitutes the first step toward this direction also in the field of social finance. However, access to funding is often the main challenge that entrepreneurs face since the early stages of their businesses. Considering this, after highlighting the social dimension of the Islamic perception of entrepreneurship, the chapter discusses the different issues related to the fundraising cycle and highlights the potential of crowdfunding platforms (via donations, rewards, debt and equity) to unlock Islamic entrepreneurship within the growing sector of the sharing economy.