Mhd Sarif, Suhaimi and Ismail, Yusof and Zainudin, Dolhadi
(2021)
Influence of hikmah practical wisdom on crowdfunding.
In: International Conference On Contemporary Islamic Studies (ICIS 2021), 8th June 2021, Virtual.
Abstract
Hikmah (practical wisdom) has been an outcome of ethical spiritual knowledge and discretion about abstract and uncertainty. The intensive sharing and engaging with many stakeholders enables the acquisition of hikmah (practical wisdom). Crowdfunding relies on trust and credibility of the crowd (wisdom of the crowd). The integration of practical wisdom and wisdom of the crowd provides synergy in crowdfunding. The influence of hikmah (practical wisdom) with wisdom of the crowd enhances trust and credibility. This study solicits the views of crowdfunding organizers through personal interviews on the hikmah (practical wisdom) experience. The informants argued that the influence of hikmah is in the reciprocal engagement with various individuals and members of civil societies. The informants also contended that hikmah found in the spirit of giving through the crowdfunding activities. The findings are limited to the context based on the insights of the informants. The future research should use a case study method for the influence of hikmah from multiple perspectives.
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