نوع مقاله : مقاله پژوهشی
عنوان مقاله English
نویسندگان English
Islamic crowdfunding, as one of the emerging mechanisms in Sharia-compliant financial markets, plays a significant role in facilitating access to finance for small and medium-sized enterprises (SMEs). This financial model is based on Islamic jurisprudential principles such as the prohibition of riba (interest), profit-and-loss sharing, transparency in transactions, and the requirement for contractual compliance with Sharia rules. However, its practical implementation faces several structural limitations, including insufficient transparency in fund flows, weak monitoring mechanisms for capital allocation, high information asymmetry between investors and project executors, and the absence of standardized frameworks for the design and execution of Islamic financial contracts. These challenges have led to reduced stakeholder trust and limited scalability of this financial instrument.In this context, blockchain technology serves as a transformative infrastructure capable of redesigning the architecture of Islamic crowdfunding. The fundamental features of this technology include data immutability, full transaction transparency, real-time traceability of capital flows, and the elimination of unnecessary intermediaries, all of which can directly address many of the existing inefficiencies. Furthermore, the use of smart contracts enables the automation of Sharia-compliant contractual conditions within Islamic financial models such as Mudarabah, Musharakah, and Murabaha.This article, aiming to enhance efficiency, transparency, and Sharia compliance, proposes an integrated conceptual–technical framework in which blockchain architecture layers—including transaction recording, smart contracts, Sharia compliance modules, and application layers—operate synergistically. This framework can pave the way for the development of a transparent, trustworthy, and digital Islamic financial ecosystem.
کلیدواژهها English