Islamic Economics

Islamic Economics

Peer to Peer lending A model for managing Gharz al-Hasna resources

Document Type : Original Article

Authors
Hossein Hasan Zadeh 1
Meisam Karimi 1
Mahdi Tamizi Far 2
Mohammad Reza Simiari 3
1 Imam Sadiq University
2 دانشگاه امام صادق علیه السلام
3 دانشگاه شهید بهشتی
Abstract
Digital technologies provide valuable opportunities for new innovations and services. One of these innovations is Crowdfunding. Peer to peer lending as a form of crowdfunding, has eliminated many of the problems of fund management in traditional financial institutions and facilitated the access of individuals and businesses to resources through direct engagement of lenders and borrowers. The question we are looking for in this research is how to use the potential of crowdfunding for managing of Qur'd al-Hassan's funds. In this descriptive-analytic method, we first examined the theoretical foundations of crowdfunding, and especially the peer to peer model, and analyzed this model from the religious legal point of view, and finally, we presented the functional model of crowdfunding based on Qrzal Al Hassan. We think that this model can also finance some of the consumer's needs of real people, and can also be used to empower real people (microfinance to create employment), and can be used in the early stages of innovative and innovative businesses. Small and Medium Enterprises (SMEs) provide the required financial resources.
Keywords
Crowdfunding
Peer to Peer lending
startups
Qrzal Hassaneh
Fintech
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