Dubai launches its crowdfunding version of Kickstarter for Shariah-compliant creative projects

  • Date: 20-May-2021
  • Source: Salaam Gateway
  • Sector:Real Estate
  • Country:UAE
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Dubai launches its crowdfunding version of Kickstarter for Shariah-compliant creative projects

The Dubai government on Wednesday (May 19) launched its own platform for individuals and start-ups in the emirate to crowdfund for creative projects.

According to its website, all business ideas are eligible to apply for crowdfunding on Dubai Next except for activities that are not Shariah-compliant.

The platform is operated by government agency Dubai SME as a non-profit and uses the model similar to Kickstarter, the pioneering U.S.-based crowdfunding platform for creative projects.