The Impact of Islamic Crowdfunding Platforms on The Organizational and Financial Performance of Non-Profit Organizations Through Blockchain Exploratory Study

Abstract

This study investigates the impact of blockchain technology on the performance and operational efficiency of Islamic crowdfunding platforms in the Non-Profit Organizations. The research methodology in the study will combine qualitative and quantitative research techniques, using proposal the Application Islamic Crowdfunding & Performance Tracker (ICPT), which includes Islamic finance platforms, blockchain, and smart contracts to provide new opportunities for non-profit organizations. The study focuses on non-profit organizations in the Muslim world and explores the integration of Islamic crowdfunding platforms and blockchain to enhance the transparency, accountability, and performance efficiency of non-profit organizations. The results indicate that blockchain technology significantly improves the operational efficiency of crowdfunding platforms, providing greater trust and security for funders, organizations, and beneficiaries. Analysis of financial and administrative documents further reveals that blockchain can simplify processes and reduce operational costs. These findings suggest that the adoption of blockchain technology in Islamic crowdfunding platforms could revolutionize the nonprofit sector, where the use of blockchain technology in philanthropy is significant and merits further research to ascertain how it can be more effectively integrated into existing systems to enhance charitable sectors.