Model Pendanaan Berbasis Financial Technology (Fintech) Melalui Securities Crowdfunding (Scf) Syariah

Abstract

Abstract

This study aims to analyze the role of Sharia-compliant Securities Crowdfunding (SCF) for SMEs and its alignment with Islamic law in Financial Technology-based funding models. The research adopts a juridical-empirical approach with a descriptive-analytical method, utilizing literature reviews, interviews, and observations. Findings reveal that Sharia SCF holds potential as a catalyst for SME development by providing alternative funding access based on Islamic principles. It opens financing opportunities inaccessible to conventional financial institutions while adhering to Islamic regulations. From an Islamic legal perspective, Sharia SCF is permissible as long as it aligns with Sharia principles and is free from elements such as usury (riba), uncertainty (gharar), gambling (maysir), fraud (tadlis), harm (dharar), injustice (zhulm), and immorality. Sharia SCF is expected to address SMEs’ funding challenges and serve as an effective and halal investment instrument for entrepreneurs.

Keywords: Model; Security Crowdfunding,; SCF Syariah

Abstrak

Penelitian ini bertujuan menganalisis peran Securities Crowdfunding (SCF) syariah bagi UMKM dan tinjauan hukum Islam terhadap model pendanaan berbasis Financial Technology ini. Penelitian menggunakan pendekatan yuridis empiris dengan metode deskriptif-analitik melalui studi literatur, wawancara, dan observasi. Hasilnya menunjukkan bahwa SCF syariah berpotensi menjadi katalisator pengembangan UMKM dengan memberikan akses pendanaan alternatif berbasis prinsip syariah. SCF syariah membuka peluang pendanaan yang sulit dijangkau lembaga keuangan konvensional, sekaligus mematuhi prinsip Islam. Dalam perspektif hukum Islam, SCF syariah diperbolehkan selama tidak bertentangan dengan prinsip syariah dan terbebas dari unsur riba, gharar, maysir, tadlis, dharar, zhulm, serta maksiat. SCF syariah diharapkan mampu menjawab tantangan pendanaan UMKM, menjadikannya instrumen investasi yang halal dan efektif bagi pelaku usaha.

Kata Kunci: Model; Security Crowdfunding,; SCF Syaria