Exploring Crowdfunding Potential for Supporting Community- Based Tourism in Malaysia
This paper discovers the potential of the Islamic crowdfunding model for supporting community-based tourism in developing states Malaysia in particular. Community-based tourism has provided a great opportunity for rural areas to empower the socio-economy of local people to earn main or additional in...
| Principais autores: | , |
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| Formato: | Artigo |
| Idioma: | English |
| Publicado em: |
UUM Press
2022
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| Assuntos: | |
| Acesso em linha: | https://repo.uum.edu.my/id/eprint/29191/1/IJIB%2007%2002%202022%201-12.pdf |
| _version_ | 1825805939059458048 |
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| author | Khairuddin, Nur Khairina Ishak, Muhammad Shahrul Ifwat |
| author_facet | Khairuddin, Nur Khairina Ishak, Muhammad Shahrul Ifwat |
| author_sort | Khairuddin, Nur Khairina |
| collection | UUM |
| description | This paper discovers the potential of the Islamic crowdfunding model for supporting community-based tourism in developing states Malaysia in particular. Community-based tourism has provided a great opportunity for rural areas to empower the socio-economy of local people to earn main or additional income, and crowdfunding is seen as a potential fund for supporting community-based tourism. This study applies a library research method as its data are collected through literature related to community-based tourism and crowdfunding topics. The special model of Islamic crowdfunding proposed by this study can potentially support community-based tourism if it is applied to a real platform. As a result, it can reduce the burden of the government in providing funds for tourism. While crowdfunding creates an alternative opportunity for community and tourism-based projects, it promotes job opportunities and economic growth within society including business and services. However, this approach could be challenging to apply because of awareness among people. Nevertheless, a suitable Islamic crowdfunding model with a proper campaign can be a practical solution for funding community-based tourism projects. As this study is conceptual, the outcomes may not be limited. However, it still provides a substantial contribution in terms of offering a practical model of Islamic crowdfunding in Malaysia. |
| first_indexed | 2024-07-04T06:40:26Z |
| format | Article |
| id | uum-29191 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:40:26Z |
| publishDate | 2022 |
| publisher | UUM Press |
| record_format | eprints |
| spelling | uum-291912023-03-02T11:42:59Z https://repo.uum.edu.my/id/eprint/29191/ Exploring Crowdfunding Potential for Supporting Community- Based Tourism in Malaysia Khairuddin, Nur Khairina Ishak, Muhammad Shahrul Ifwat HF Commerce This paper discovers the potential of the Islamic crowdfunding model for supporting community-based tourism in developing states Malaysia in particular. Community-based tourism has provided a great opportunity for rural areas to empower the socio-economy of local people to earn main or additional income, and crowdfunding is seen as a potential fund for supporting community-based tourism. This study applies a library research method as its data are collected through literature related to community-based tourism and crowdfunding topics. The special model of Islamic crowdfunding proposed by this study can potentially support community-based tourism if it is applied to a real platform. As a result, it can reduce the burden of the government in providing funds for tourism. While crowdfunding creates an alternative opportunity for community and tourism-based projects, it promotes job opportunities and economic growth within society including business and services. However, this approach could be challenging to apply because of awareness among people. Nevertheless, a suitable Islamic crowdfunding model with a proper campaign can be a practical solution for funding community-based tourism projects. As this study is conceptual, the outcomes may not be limited. However, it still provides a substantial contribution in terms of offering a practical model of Islamic crowdfunding in Malaysia. UUM Press 2022 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/29191/1/IJIB%2007%2002%202022%201-12.pdf Khairuddin, Nur Khairina and Ishak, Muhammad Shahrul Ifwat (2022) Exploring Crowdfunding Potential for Supporting Community- Based Tourism in Malaysia. International Journal of Islamic Business (IJIB), 7 (2). pp. 1-12. ISSN 0127- 662X https://doi.org/10.32890/ijib2022.7.2.1 |
| spellingShingle | HF Commerce Khairuddin, Nur Khairina Ishak, Muhammad Shahrul Ifwat Exploring Crowdfunding Potential for Supporting Community- Based Tourism in Malaysia |
| title | Exploring Crowdfunding Potential for Supporting Community- Based Tourism in Malaysia |
| title_full | Exploring Crowdfunding Potential for Supporting Community- Based Tourism in Malaysia |
| title_fullStr | Exploring Crowdfunding Potential for Supporting Community- Based Tourism in Malaysia |
| title_full_unstemmed | Exploring Crowdfunding Potential for Supporting Community- Based Tourism in Malaysia |
| title_short | Exploring Crowdfunding Potential for Supporting Community- Based Tourism in Malaysia |
| title_sort | exploring crowdfunding potential for supporting community based tourism in malaysia |
| topic | HF Commerce |
| url | https://repo.uum.edu.my/id/eprint/29191/1/IJIB%2007%2002%202022%201-12.pdf |
| work_keys_str_mv | AT khairuddinnurkhairina exploringcrowdfundingpotentialforsupportingcommunitybasedtourisminmalaysia AT ishakmuhammadshahrulifwat exploringcrowdfundingpotentialforsupportingcommunitybasedtourisminmalaysia |