Towards developing Islamic crowdfunding model to harness the potential of students’ entrepreneurial activities in Malaysia

Mohd Thas Thaker, Mohamed Asmy and Duasa, Jarita and Khaliq, Ahmad and Nik Mat, Nik Hziman (2025) Towards developing Islamic crowdfunding model to harness the potential of students’ entrepreneurial activities in Malaysia. In: Islamic Financial Markets and Institutions: Challenges, Financial Stability, and Inclusivity. Contributions to Economics . Springer, Singapore, pp. 99-112. ISBN 978-981-96-8649-0

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Abstract

The global financial and pandemic crises have worsened the employment challenges faced by university graduates. In order to address this pressing issue, governments are encouraged to utilize “employment pressures” as a mechanism to promote entrepreneurship. By integrating graduate employment with entrepreneurial activities, entrepreneurship can serve as a strategic avenue to generate employment opportunities. Entrepreneurship is a systematic attempt that offers possibilities for creating new ventures and achieving success, with the potential for a multiplier effect that addresses graduate unemployment challenges. In the Malaysian context, while entrepreneurial opportunities are abundant, the lack of entrepreneurial capacity and resilience limits progress. Although university graduates possess advantages such as innovative potential, they face significant barriers, including inadequate access to funding. Islamic crowdfunding emerges as a viable solution to these challenges, offering a model embedded in ethical and societal values. Its focus on generating positive societal impact and supporting graduate entrepreneurial initiatives. This paper seeks to (i) analyze the financing landscape for student entrepreneurship in Malaysia, (ii) propose an innovative financing approach using Islamic crowdfunding, and (iii) establish systematic principles for its implementation. The novelty of the study lies in setting a new research direction for Islamic crowdfunding and financing student’s entrepreneurial activities that can be instrumental in further enhancing and optimizing their potential.

Item Type:	Book Chapter
Additional Information:	7210/123036
Uncontrolled Keywords:	Entrepreneurship, Financing, Student, Islamic crowdfunding, Malaysia
Subjects:	BPH Islamic Economics H Social Sciences > H Social Sciences (General)
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Business Administration Kulliyyah of Economics and Management Sciences > Department of Economics Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User:	Dr Mohamed Asmy Bin Mohd Thas Thaker
Date Deposited:	04 Sep 2025 09:26
Last Modified:	04 Sep 2025 13:27
URI:	http://irep.iium.edu.my/id/eprint/123036

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