This study aims to examine the role of Islamic crowdfunding (ICF) as an alternative financing mechanism for postconflict reconstruction in Syria and Gaza. It investigates how platform efficiency and transparency influence crowdfunding effectiveness, while assessing the direct and indirect roles of FinTech and blockchain technologies, alongside the impact of legal and Shariah-compliant regulatory contexts.
A comparative mixed-methods approach was used. Quantitative data from 408 survey responses were analyzed using partial least squares structural equation modeling, while qualitative insights were derived from 30 semistructured expert interviews and multiple case studies of ICF platforms operating in conflict-affected settings.
The findings indicate that platform efficiency and transparency significantly enhance the effectiveness of ICF in supporting housing and infrastructure projects. Blockchain demonstrates a positive direct effect on donor confidence and fund allocation, whereas FinTech exhibits no significant influence under conditions of weak infrastructure. Shariah-compliant regulatory frameworks emerge as a critical determinant of effectiveness, while the general legal environment shows no significant impact.
The study is limited to two conflict-affected contexts and relies on cross-sectional data. The limited role of FinTech may reflect infrastructural and regulatory constraints specific to postconflict environments. Future research should consider longitudinal designs and additional geographical contexts.
ICF platforms should prioritize transparency mechanisms and Shariah governance rather than focusing solely on technological expansion. Blockchain-based solutions can enhance accountability and donor trust, while policymakers should develop context-sensitive Shariah-compliant regulatory frameworks.
ICF has the potential to strengthen community solidarity and support inclusive reconstruction by enhancing trust, accountability and local engagement in postconflict societies.
To the best of the authors’ knowledge, this study provides one of the first comparative mixed methods analyses of ICF in postconflict contexts, offering new insights into how Islamic social finance operates under conditions of institutional fragility.
