Crowdfunding with Enhanced Reputation Monitoring Mechanism (Fame)

Crowdfunding is fast becoming a method of mobilizing project finance ventures, particularly in a sharing economy. From an Islamic finance perspective, it is imperative to first address the Islamic crowdfunding system before looking further into Fintech trends impacting the Islamic finance landscape. Moreover, the element of risk sharing which is found in equity crowdfunding makes up the essence of Islamic finance. Crowdfunding is fast becoming a method of mobilizing project finance ventures, particularly in a sharing economy. From an Islamic finance perspective, it is imperative to first address the Islamic crowdfunding system before looking further into Fintech trends impacting the Islamic finance landscape. Moreover, the element of risk sharing which is found in equity crowdfunding makes up the essence of Islamic finance.