Islamic crowdfunding is by definition a loan facility granted through an islamic crowdfunding platform wich brings together islamic investors and islamic borrowers.
An islamic crowdfunding loan is mainly dedicated to provide with funds to a person who is avoiding to use banks to obtain cash prefering to use this alternative and following the principles of the islamic Sharia.
Islamic crowdfunding for both islamic private lenders and islamic loan takers excluding any intermediary and thus saving fees and otjer commissions all while applying Islamic Finance.
Islamic crowdfunding can take several forms from a pure donation based halal crowdfunding where the receiver doesnât have to repay to the equity halal crowdfunding where the investor becomes a shareholder of the company.