Abstract
This qualitative study examined the role of cash waqf crowdfunding in economic development in Northern Nigeria. Semi-structured interviews were conducted with six Nigerian scholars and experts, including Shari’ah scholars, social finance officials, and crowdfunding regulators, to explore the challenges, benefits, and impacts of cash waqf crowdfunding. Thematic analysis revealed four primary themes: challenges in implementation, benefits to community development, empowerment of marginalized groups, and promotion of ethical investing. While cash waqf crowdfunding showed promise as a sustainable funding model for community development and poverty alleviation, its practical implementation was constrained by a lack of awareness, trust deficits, and insufficient regulatory frameworks. The f indings underscored the potential of cash waqf crowdfunding to empower marginalized groups, particularly women and youth, and foster community ownership of development projects. This study contributes to the literature on Islamic finance by providing actionable insights for policymakers and practitioners aiming to harness the potential of cash waqf crowdfunding in similar socio-economic contexts.
Metadata
Item Type: | Article |
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Creators: | Creators Email / ID Num. Muhammad, Jibril Auwal UNSPECIFIED Rahman, Md. Habibur UNSPECIFIED |
Subjects: | H Social Sciences > HG Finance > Investment, capital formation, speculation K Law > KBP Islamic law. Sharī'ah. Fiqh > Banks and banking. Qanun al-bunuk. Stock exchange |
Divisions: | Universiti Teknologi MARA, Shah Alam > Accounting Research Institute (ARI) |
Journal or Publication Title: | Asia-Pacific Management Accounting Journal (APMAJ) |
UiTM Journal Collections: | Listed > Asia-Pacific Management Accounting Journal (APMAJ) |
ISSN: | 2550-1631 |
Volume: | 19 |
Number: | 3 |
Page Range: | pp. 195-217 |
Keywords: | Cash Waqf Crowdfunding, Economic Development, Northern Nigeria, Qualitative Study, Semi-structured Interviews |
Date: | December 2024 |
URI: | https://ir.uitm.edu.my/id/eprint/111195 |