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

M. Jaenudin () and Achsania Hendratmi ()
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M. Jaenudin: Universitas Airlangga, Islamic Economics Department, Faculty of Economics and Business
Achsania Hendratmi: Universitas Airlangga, Islamic Economics Department, Faculty of Economics and Business

A chapter in 4th International Conference on Islamic Economics, Business, Philanthropy, and PhD Colloquium (ICIEBP) 2022, 2023, pp 102-115 from Springer

Abstract: 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.

Keywords: Risk Management; Financial Technology; Islamic Crowdfunding; Livestock; Ternaknesia Farm Innovation (search for similar items in EconPapers)
Date: 2023
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DOI: 10.2991/978-94-6463-176-0_8

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