Harnessing Islamic crowdfunding to advance the self-publishing industry in Malaysia / Muhammad Shahrul Ifwat Ishak and Md. Faruk Abdullah

This study analysed the potentials and challenges of utilising a digital Islamic crowdfunding platform for self-publishing authors in Malaysia. This study was based on qualitative research as it applied semi-structured interviews with authors who have had experience utilising Islamic crowdfunding platforms for book publishing. It was discovered that crowdfunding could support self-publishing authors in terms of funding, product feedback, marketing, and collaboration. However, this practice could be challenging since it is still new for the public in Malaysia as well as for authors who may be unfamiliar with Islamic crowdfunding campaigns. Finally, a hibah-based model is proposed for book crowdfunding campaigns since it can avoid the issue of free riders and that books are suitable as rewards. This study is one of the first to elucidate how Islamic crowdfunding assists self-publishing authors in Malaysia as it investigated the firsthand experiences of selected authors directly engaged in crowdfunding.