Keywords
perspective of Islamic philosophy
non-profit institutions
Al-Kharj province
Saudi Arabia
How to Cite
Abstract
The purpose of this study was investment funds from the perspective of Islamic philosophy - the analysis of non-profit institutions in Al-Kharj province, Saudi Arabia. The research method is a library survey that has been collected using reliable sources and databases such as Web of Science, Google Scholar, PubMed, Science Direct. This study is focused on Al-Kharj province, because it includes many non-governmental organizations that need systematic funding to cover their various expenses. Based on the results of the research, we conclude that the philosophy of creating non-profit financial institutions reflects a proactive approach to addressing the financial needs of non-profit organizations and maximizing their potential to create positive social impact. The investment fund must be comprehensive and well designed and include several sources of investment that can cover all the expenses incurred by non-profit organizations. In conclusion, it can be said that the philosophy of creating non-profit Islamic financial institutions as a discipline has evolved both theoretically and empirically. It has emerged as a vibrant, provocative and dynamic branch of economics. It is no exaggeration to say that it can be interpreted as the dawn of the only alternative to the current orthodoxy in banking and finance. The philosophy of non-profit credit financial institutions of Al-Kharj province of Saudi Arabia is to encourage Muslims to participate in crowdfunding, and the wisdom behind crowdfunding in Islam is to achieve cooperation between partners, as Muslim legislators encouraged.
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