23 Dec, 2022, Kuala Lumpur – INCEIF University is committed to creating a legacy in Islamic finance by ensuring its programmes, and by extension, its scholars and graduates, stay on the forefront of the industry. Our key building blocks are focused on developing top quality faculty members and students, an in-demand curriculu, and industry driven research set amidst modern facilities. Similarly, all education providers of Islamic finance knowledge are on the same path.

In view of this commitment, INCEIF University has collaborated with award-winning global platform GlobalSadaqah to set up a crowdfunding platform, EduSadaqah, specifically for Islamic finance educational providers to raise funds to support their causes and activities.

EduSadaqah aims to provide a secure and reliable option for Islamic finance education providers to raise funds for various causes including for scholarships to deserving students and to upgrade facilities, purchase new equipment and technology. Through the platform, educational institutions are able to connect with donors, alumni, and community members who are looking to support their endeavours.

At the launch held virtually, ISRA Research Management Centre Executive Director Datuk Prof Dr Mohamad Akram Laldin said education was a fundamental right, and it was the society’s collective responsibility to ensure that every child has access to quality education.

“However, the reality is that not everyone has the same opportunities when it comes to education. Some may face financial barriers, while others may live in areas with limited educational resources. crowdfunding has become a popular way for individuals and organisations to raise funds for a variety of causes and projects as it allowed for contributions of small amounts of money towards a common goal with the potential to make a significant impact.”

Datuk Akram cited crowdfunding as having the potential to revolutionise the way educational institutions fundraise their projects and initiatives.

“By harnessing the power of the internet and social media, education providers can engage a wider community of donors and supporters to fund their causes, including alumni, parents, students, and community members. However, there are only a few crowdfunding platforms that cater specifically to the needs and values of the Muslim community. Islamic crowdfunding such as EduSadaqah, allows individuals and organisations to raise funds for specific projects or causes in a way that is compliant with Islamic principles,” Datuk Akram added.

Ethis Group Managing Director Umar Munshi, who represented GlobalSadaqah, said: “… the world is looking for solutions, and we know we have solutions in Islamic finance. What we need is more talent to bring these solutions to humanity, InShaAllah. So hopefully this step with EduSadaqah will be a milestone to bring forward Islamic finance as an industry for humanity.”

By using the EduSadaqah platform, educational institutions can reach out to a wider audience. All educational institutions offering Islamic finance programmes are encouraged to join EduSadaqah to further publicise their needs and initiatives to potential donors and supporters. By joining, the institutions will directly contribute towards the creation of future leaders and innovators in Islamic finance who will push for an ethical agenda underlined by Shariah in the financial landscape specifically, and the world in general.

EduSadaqah is initiated in part with the Islamic financial literacy app, I-FIKR, to help direct its members to the crowdfunding platform. I-FIKR members and the public are welcomed to donate to the various campaigns on the EduSadaqah platform.

EduSadaqah hopes to foster a sense of community and collaboration within the education providers as stakeholders of the Islamic finance industry in coming together to support crucial initiatives and causes for the development of Islamic finance globally.

*Catch the launch of EduSadaqah here https://www.facebook.com/isra.my/videos/529938102519798/