YPIDATHUYPIDATHU

Sharia Oikonomia Law JournalSharia Oikonomia Law Journal

The rise of startups in Indonesia has created a growing demand for innovative financing models that align with Shariah principles. Shariah-compliant venture capital (SCVC) offers a unique opportunity to support startups while adhering to Islamic ethical standards, such as the prohibition of riba (interest) and gharar (uncertainty). This study explores the potential of SCVC as a financing model for startups in Indonesia, focusing on its alignment with Shariah principles, its impact on startup growth, and the challenges faced by stakeholders. The research aims to identify effective strategies for implementing SCVC and propose recommendations for enhancing its role in fostering ethical and sustainable entrepreneurship. Using a mixed-methods approach, this study combines quantitative analysis of startup financing data with qualitative interviews with venture capitalists, Shariah scholars, and startup founders. Data were analyzed to assess the compatibility of SCVC with Shariah principles, its financial performance, and its contribution to startup success. The findings reveal that SCVC can effectively support startups while adhering to Islamic ethics, but challenges such as limited awareness, regulatory gaps, and risk-sharing complexities hinder its widespread adoption. The study concludes that promoting SCVC in Indonesia requires targeted strategies, including education, reforms, and capacity-building for stakeholders. This research contributes to the discourse on Islamic finance and entrepreneurship by providing practical recommendations for policymakers and practitioners to foster ethical and sustainable startup ecosystems through SCVC.

This research highlights the potential of Shariah-compliant venture capital (SCVC) as a viable financing model for Indonesian startups, particularly those in sectors aligned with Shariah principles.SCVC-funded startups demonstrate higher revenue growth rates, indicating the effectiveness of Shariah-compliant financing in supporting early-stage ventures.However, challenges such as limited scalability, regulatory constraints, and access to follow-on funding hinder its full potential, necessitating targeted strategies to enhance the SCVC ecosystem and promote ethical and sustainable entrepreneurship.

Further research should investigate the development of standardized Shariah compliance frameworks specifically tailored for venture capital investments in Indonesia, addressing the complexities of risk-sharing and contract structures. Additionally, studies could explore the potential of integrating digital technologies, such as blockchain, to enhance transparency and efficiency in SCVC transactions, fostering greater trust and participation from investors and entrepreneurs. Finally, a comparative analysis of SCVC models across different Muslim-majority countries could identify best practices and inform policy recommendations for strengthening the Indonesian SCVC ecosystem, ultimately promoting a more inclusive and sustainable startup landscape by examining the impact of government incentives and regulatory reforms on SCVC adoption and performance.

  1. Smart contract-based Islamic Fintech model for Mudaraba financing | International Journal of Business... inderscienceonline.com/doi/abs/10.1504/IJBIR.2025.144391Smart contract based Islamic Fintech model for Mudaraba financing International Journal of Business inderscienceonline doi abs 10 1504 IJBIR 2025 144391
Read online
File size177.94 KB
Pages13
DMCAReport

Related /

JURIS Development of Mental Health Application Design Thinking Approach 2025More at 2025

AFEBIAFEBI Proses prototyping menghasilkan aplikasi mobile yang disesuaikan dengan kebutuhan pengguna. Pengujian usability dengan System Usability Scale (SUS) memperolehProses prototyping menghasilkan aplikasi mobile yang disesuaikan dengan kebutuhan pengguna. Pengujian usability dengan System Usability Scale (SUS) memperoleh

JURIS Factors affecting the Entrepreneurial Intention of Universities Students Case study with Students at Can Tho University of Technology Vietnam 2025More at 2025

AFEBIAFEBI Namun, Dukungan Pendidikan justru berpengaruh negatif terhadap niat kewirausahaan, yang diduga disebabkan oleh perbedaan penerapan pengetahuan pendidikanNamun, Dukungan Pendidikan justru berpengaruh negatif terhadap niat kewirausahaan, yang diduga disebabkan oleh perbedaan penerapan pengetahuan pendidikan

JURIS Developing an Integrated Human Capital Strategy Through OHI HCM Alignment a Case Study of PT Indopel 2025More at 2025

AFEBIAFEBI Hubungan-hubungan ini membentuk fondasi untuk kerangka kerja terintegrasi yang menghubungkan indikator kesehatan organisasi dengan hasil pengembangan modalHubungan-hubungan ini membentuk fondasi untuk kerangka kerja terintegrasi yang menghubungkan indikator kesehatan organisasi dengan hasil pengembangan modal

JURIS The Role of Human Capital in Enhancing The Growth of Startup and Its Future Research Direction 2025More at 2025

AFEBIAFEBI Melalui pendekatan Systematic Literature Review (SLR), penelitian ini mengidentifikasi empat kluster tematik utama: (1) Modal manusia pendiri dan tim,Melalui pendekatan Systematic Literature Review (SLR), penelitian ini mengidentifikasi empat kluster tematik utama: (1) Modal manusia pendiri dan tim,

JURIS The Role of Innovation Capabilities in Mediating the Impact of Social Media Marketing and Business Networking on Msme Performance in West Kalimantan 2025More at 2025

AFEBIAFEBI Penelitian ini menemukan bahwa pemasaran media sosial memiliki pengaruh langsung dan signifikan terhadap kinerja pemasaran UMKM makanan dan minuman diPenelitian ini menemukan bahwa pemasaran media sosial memiliki pengaruh langsung dan signifikan terhadap kinerja pemasaran UMKM makanan dan minuman di

JURIS Dampak Ekonomi Digital Terhadap Ketenagakerjaan Di Indonesia Periode 2010 2023 2025More at 2025

STKIP PERSADASTKIP PERSADA Namun, hal ini juga telah menyebabkan perubahan keterampilan tenaga kerja yang dibutuhkan, dengan meningkatnya kebutuhan akan keterampilan teknologi informasiNamun, hal ini juga telah menyebabkan perubahan keterampilan tenaga kerja yang dibutuhkan, dengan meningkatnya kebutuhan akan keterampilan teknologi informasi

JURIS Analysis of Tobin s Q Market to Book Value of Equity and Profitability ROA on Asset Growth in Property Companies on the Indonesia Stock Exchange IDX 2023More at 2023

ILOMATAILOMATA The R square value, or the coefficient of determination (R2), is 0. 54. This shows the ability of Tobins q (TQ), MBV, and ROA to explain the growth ofThe R square value, or the coefficient of determination (R2), is 0. 54. This shows the ability of Tobins q (TQ), MBV, and ROA to explain the growth of

JURIS PoTS Proof of Tunnel Signature for Certificate Based on Blockchain Technology 2022More at 2022

IAIC PUBLISHERIAIC PUBLISHER Smart contract juga dimanfaatkan sebagai pendukung agar penelitian ini dapat menjamin transparansi dan keterbukaan node transaksi untuk menjaga dan meningkatkanSmart contract juga dimanfaatkan sebagai pendukung agar penelitian ini dapat menjamin transparansi dan keterbukaan node transaksi untuk menjaga dan meningkatkan

Useful /

JURIS Pricing Strategy Analysis Based on Dual Channel Supply Chain DCSC Model Concept 2025More at 2025

AFEBIAFEBI Model parameters including price elasticity, cross-channel sensitivity, unit cost, and customer preferences were obtained from historical data and structuredModel parameters including price elasticity, cross-channel sensitivity, unit cost, and customer preferences were obtained from historical data and structured

JURIS Parental Challenges in Promoting the Well being of Talented Youths in Indonesia A Phenomenological Study 2023More at 2023

UNDIPUNDIP Hasil: Pengolahan data mengungkap tiga tema utama, yaitu tantangan yang berasal dari anak, tantangan yang berasal dari masyarakat, dan keterbatasan keuanganHasil: Pengolahan data mengungkap tiga tema utama, yaitu tantangan yang berasal dari anak, tantangan yang berasal dari masyarakat, dan keterbatasan keuangan

JURIS EARLY FEMINIST CONSCIOUSNESS AND IDEA AMONG MUSLIM WOMEN IN 1920s INDONESIA 2017More at 2017

SCADINDEPENDENTSCADINDEPENDENT Pendidikan Islam bagi perempuan dimaksudkan untuk menjawab masalah kurangnya pemberdayaan perempuan dalam kehidupan keluarga dan sosial. Ide pendidikanPendidikan Islam bagi perempuan dimaksudkan untuk menjawab masalah kurangnya pemberdayaan perempuan dalam kehidupan keluarga dan sosial. Ide pendidikan

JURIS Management Styles in a Global Market Economy 2015More at 2015

UGMUGM Kompleksitas budaya akan meningkat seiring dengan intensifikasi interaksi dan transaksi, baik dalam maupun antar perusahaan yang beroperasi secara internasional.Kompleksitas budaya akan meningkat seiring dengan intensifikasi interaksi dan transaksi, baik dalam maupun antar perusahaan yang beroperasi secara internasional.

ads-block-test