Jakarta’s Heaptalk —The contribution of crowdfunding services (crowdfunding) in Indonesia is increasing. This is according to Wimboh Santoso, who is on the OJK’s Board of Commissioners. The Information Technology-Based Crowdfunding Service, or equity/security crowdfunding (SCF), raised Rp 412 billion in funds until 2021.
From Rp. 191.2 billion at the end of December 2020, this value has more than doubled, or increased by 115.48 percent.Furthermore, the overall number of collaborative publications has grown. According to the Indonesian Crowdfunding Service Association (ALUDI), the number of publishers climbed from roughly 129 in 2020 to 192 in 2021.
Aludi believes that with this good trend, crowdfunding platform players would be able to channel more than IDR 500 billion in money throughout 2022, for a total funding of IDR 1 trillion. Furthermore, Wimboh stated that crowdfunding is a top focus for OJK in 2022.
Despite the enormous potential, the number of crowdfunding services in Indonesia that adhere to the halal idea is still limited. This is strange because Indonesia has the world’s largest Muslim population, which means that the idea of legitimate and usury-free crowdfunding is very important there.
So, the LBS Crowdfunding platform presents to welcome the growing love for crowdfunding services and to meet the needs of small businesses who want to get money in ways that are sure to be safe.
LBS Crowdfunding carries the theme “investment that makes you comfortable.” LBS Crowdfunding is registered and supervised by the OJK, has experienced professionals who have more than 15 years of experience in their field, and is run by Ustadz DR. Erwandi Tarmizi, M.A., who is also the founder of LBS Crowdfunding and the Chairman of the Publisher Approval Committee Board. This means that it is 100% halal.
Unlike other crowdfunding sites, LBS Crowdfunding promotes the halal lifestyle, which is becoming more popular in Indonesian culture. ” LBS Crowdfunding is ready to be a solution for Muslims to be able to build their assets in a 100 percent halal fashion without Riba, Gharar, and Dzhalim by adhering to Islamic principles and guidelines.” Rezza Zulkasi, CEO and Co-Founder of PT. LBS Crowdfunding, MAppFiin, stated on Friday (25/3/2022).
LBS Crowdfunding was a participant in the Muslim Life Fair halal product show, which was held on March 25-27, 2022 at Istora GBK Jakarta. They play a part in teaching the public about the importance of security crowdfunding, which uses the halal idea to raise cash in order to obtain the benefits of the world and the hereafter.
The Muslim Life Fair 2022 will feature a variety of exciting events. Besides the press conference, the LBS Crowdfunding platform will have a show with Ustadz DR Erwandi Tamizi and MA Hafidhohullahuta’ala, business consultations for people who want to start businesses and investment planning consultations for people who want to start businesses.
LBS Crowdfunding is a new member in the Securities Crowdfunding space. Nonetheless, Rezza Zulkasi is certain that LBS Crowdfunding would meet its aim of IDR 40 billion, or 10% of the market, this year. “If we estimate that each SME requires Rp 2 billion in the financing, then at least 20 SMEs will receive money this year,” Rezza Zulkasi noted.
Rezza noted that there are various requirements that must be satisfied by SMEs in need of finance. In addition to a minimum annual sales of IDR 1 billion, the company must have been throughout operation for at least 1-2 years and have at least three offline locations in Indonesia.
MSMEs must also have documented financial statements that fulfill general accounting standards, strong and experienced business founder/owner personalities, and project foundations in the form of contracts, invoices, or POs from the government, BUMN, BUMD, or corporations for bond or sharia bond schemes.
Meanwhile, firms with sales trends and increased performance during the COVID-19 epidemic will benefit from this.
The path is straightforward for entrepreneurs seeking their first round of funding. Before business actors may obtain funds, they must register and establish an account on the LBS platform, as well as submit the appropriate paperwork. Meanwhile, the first process is the same for investors as well. It’s enough to set up an account on the LBS Crowdfunding platform. Then, people who sign up will be able to become investors and choose which small businesses to support.
