CROOWD is the First Sharia Crowdfunding site in Indonesia which is a peer to peer (P2P Financing) financing service through an online platform. CROOWD acts as a representative that brings together Financing Providers (funders) with Funding Recipients (borrowers) in accordance with sharia principles that apply in Indonesia.
CROOWD facilitates fundraising / fundraising to fund projects (including start-ups), provide personal or business financing, or other needs.
CROOWD uses sharia transaction agreements between Financing Providers and Financing Recipients. This transaction agreement does not use interest or other matters related to usury. The object and purpose of the funding being funded is also something that must meet Islamic principles. The development of CROOWD is assisted by a Sharia Expert Team from the National Sharia Council of the Indonesian Ulema Council (DSN MUI).