Exploring the role of cash waqf crowdfunding in economic development: a qualitative study in Northern Nigeria / Jibril Auwal Muhammad and Md. Habibur Rahman

Muhammad, Jibril Auwal and Rahman, Md. Habibur (2024) Exploring the role of cash waqf crowdfunding in economic development: a qualitative study in Northern Nigeria / Jibril Auwal Muhammad and Md. Habibur Rahman. Asia-Pacific Management Accounting Journal (APMAJ), 19 (3): 8. pp. 195-217. ISSN 2550-1631

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.

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Item Type: Article
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
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