Platform for the social and solidarity economy based on Islamic finance-derived crowdfunding: a blockchain infrastructure

Crowdfunding is starting to compete with the traditional mode of funding and has allowed startups to raise funds without too much red tape and bureaucracy. In this work, we propose a participatory platform for the social and solidarity economy, based on blockchain technology, smart contracts and a mode of financing inspired by Islamic financing. This mode of financing is based on the prohibition of interest, uncertainty and speculation and is based mainly on the principle of active partnership: "Musharaka". Donations are also considered and managed as financial assets. It is based on the direct ownership of tangible assets and investment operations through the principle of sharing profits or losses which promotes partnership and a more equitable sharing. The introduction of blockchain in crowdfunding makes this type of funding more reliable, transparent, decentralized, profitable and convenient. The crowdfunding platform is proposed for a project that consists of equitable water distribution and irrigation compatible with ecosystems in the Haouz region of Morocco.