The Leverage of Sharia Securities Crowdfunding in Building Equitable Financial Inclusion in Indonesia’s Halal Supply Chain
DOI:
https://doi.org/10.24235/00rdaz78Keywords:
Sharia Securities Crowdfunding, Equitable Financial Inclusion, Halal Supply Chain, Systemic Maqashid Sharia, MSME Empowerment, Debt Risk MitigationAbstract
Indonesia’s Halal Supply Chain ecosystem holds massive economic potential, yet innovation among micro-enterprises is often constrained by limited access to formal capital and high vulnerability to interest-bearing debt traps. This study aims to analyze the leverage of Sharia Securities Crowdfunding in building equitable financial inclusion grounded in the principles of Maqashid Sharia. Using a qualitative method with a comparative case study design, data were collected through triangulation of in-depth interviews, participatory observation, and documentation studies involving business actors and registered digital platform operators. The findings reveal three measurable empirical impacts: an increase in investment literacy of up to 85 percent that reduced dependence on problematic loans by 60 percent, an acceleration of plant-based product innovation with turnover surges reaching 150 percent, and the success of 92 percent of MSMEs in maintaining cash-flow stability through the application of risk-distribution schemes. The discussion of these findings confirms that sharia securities crowdfunding has successfully shifted the paradigm of financial inclusion from debt domination toward equitable partnership, in line with the theory of Systemic Maqashid Sharia. This study concludes that the integration of technology-based equity instruments functions as a strategic lever that simultaneously protects the rational cognition and wealth of halal business actors from financial exploitation.
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