Designing a platform the Crowdfunding Process By the way of Murabeh in Iran

Document Type : Original Article

Authors
Ali Maleki 1
Shadi shahverdiyani 2
Ali Zare 3
Hashem nikoomaram 1
1 Financial Management Group, Faculty of Management and Economics, Science and Research Branch, Islamic Azad University, Tehran, Iran
2 Business Management group, Faculty of Management and Economics, Quds City , Islamic Azad University, Tehran, Iran.
3 Department of private law, faculty of theology and political science, science and research branch, Islamic Azad University, Tehran, Iran
Abstract
The purpose of the present study is designing a crowdfunding platform by the way Murabaha. Development the scope and operation of the Murabaha (commodities, services), and most importantly its Islamic and clear legal nature over other contracts, were chosen for modeling. The statistical population of this study is the financial data of credit / facility file of all clients (506 cases) of one of the banks of the country for the year 2018-2019. Because the Murabaha Compiled by the Central Bank And also because of its use in providing facilities, its indicators have been confirmed. Accordingly, the proposed platform was introduced for the first time with three main areas: borrower, bank and lender.
To test the model, the queue simulation test was used. The research findings showed, The proposed model reduces the average waiting time from 590 seconds to 30 seconds. Reduces the average number of queues from 38 people to one person per day, increasing system productivity by over 30% And it is a strong reason for the proposed system to work better than existing banking systems.
Keywords
"Crowdfunding Process"
"financial Platform"
"Murabaha"
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