Proceedings of the 4th International Conference on Islamic Economics, Business, Philanthropy, and PhD Colloqium (ICIEBP 2022)

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Risk Management of Islamic Crowdfunding Livestock-Based in Indonesia: The Case Study at Ternaknesia Farm Innovation

Authors
M. Jaenudin1, *, Achsania Hendratmi1
1Islamic Economics Department, Faculty of Economics and Business, Universitas Airlangga, Surabaya, Indonesia
*Corresponding author. Email: m.jaenudin-2020@feb.unair.ac.id
Corresponding Author
M. Jaenudin
Available Online 19 June 2023.
DOI
10.2991/978-94-6463-176-0_8How to use a DOI?
Keywords
Risk Management; Financial Technology; Islamic Crowdfunding; Livestock; Ternaknesia Farm Innovation
Abstract

The aim of the study is to analyze the risk of management at Ternaknesia Farm Innovation as a Fintech. This study uses a qualitative approach with the case study method. This research uses purposive and snowballs sampling to collect data using direct interviews, documentation, and observation. The unit of analysis in this study is the risk management process using a Standards Australia/Standards New Zealand AS/NZS 4360:1999 methods. This study shows that Ternaknesia Farm Innovation conducts a risk management process focusing on breeder selection and assistance. That is because the business core in Ternaknesia is in the real sector of breeders. In addition, there are risks related to technology risk, investor risk, sharia compliance risk, investment project risk, and market risk. This study is expected to provide a new perspective and consideration of the risk management process carried out by Islamic crowdfunding with the same business (livestock) base. This study uses case studies with the object of research being limited to Ternaknesia Farm Innovation so that risk management can be different from other research objects. This study can be a policy suggestion in risk management and developing the fintech, especially in prioritizing risk at Islamic Crowdfunding. So that in practice, it can be done effectively and efficiently.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 4th International Conference on Islamic Economics, Business, Philanthropy, and PhD Colloqium (ICIEBP 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
19 June 2023
ISBN
10.2991/978-94-6463-176-0_8
ISSN
2352-5428
DOI
10.2991/978-94-6463-176-0_8How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - M. Jaenudin
AU  - Achsania Hendratmi
PY  - 2023
DA  - 2023/06/19
TI  - Risk Management of Islamic Crowdfunding Livestock-Based in Indonesia: The Case Study at Ternaknesia Farm Innovation
BT  - Proceedings of the 4th International Conference on Islamic Economics, Business, Philanthropy, and PhD Colloqium (ICIEBP 2022)
PB  - Atlantis Press
SP  - 102
EP  - 115
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-176-0_8
DO  - 10.2991/978-94-6463-176-0_8
ID  - Jaenudin2023
ER  -