Mudarabah Based Crowdfunding Model As An Alternative Fund For Empowering Single Mother Entrepreneurs

Farah Adlina  Ahmad Jamaluddin; Nur Syahirah  Mohammad Nasir; Muhammad Shahrul Ifwat  Ishak

Authors

Farah Adlina Ahmad Jamaluddin Master Student
Nur Syahirah Mohammad Nasir Senior Lecturer
Muhammad Shahrul Ifwat Ishak Senior Lecturer

Keywords:

Crowdfunding, Mudarabah, Single, Mother, Entrepreneurs

Abstract

This paper explores the potential of mudharabah-based crowdfunding in supporting single mother entrepreneurs, particularly to start or to extend their businesses. It is learned that single mothers are struggling physically, emotionally and financially in order to support their life as well as their family. Based on the library research, this study applies the inductive approach and descriptive method in analysing with related works of literature. It is found that mudharabah-based crowdfunding can be a practical alternative to finance single mother entrepreneurs since it can support this group to stay at home: managing both their family and business. Also, mudharabah can be an attractive investment for Muslim investors because it is characterized as a profitable instrument and a charitable tool. Nevertheless, the lack of digital literacy and the risk inherited from mudharabah practice could be the challenges in implementing this model. Even though this study is conceptual, it provides a practical model that can be applied as a crowdfunding instrument to empower entrepreneurs, particularly the single mother group.

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Author Biographies

Farah Adlina Ahmad Jamaluddin, Master Student

Faculty of Business and Management, Sultan Zainal Abidin University

Nur Syahirah Mohammad Nasir, Senior Lecturer

Centre For Fundamental Studies, Sultan Zainal Abidin University.

Muhammad Shahrul Ifwat Ishak, Senior Lecturer

Faculty of Business and Management, Sultan Zainal Abidin University

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