Abstract
Heritage tourism sites are vital to be preserved due to their multiple benefits for society and nation. Nevertheless, over the years, some of these sites have been threatened due to the lack of funds to support conservation costs. While heritage sites need financial aids for their sustainability, the government allocation on this matter may be restricted, as they need to emphasise crucial areas like people welfare and economic development. In this regard, this study aims to explore the applicability of Islamic crowdfunding for heritage conservation in this country. In fact, crowdfunding has been successfully proven its role in supporting community-based projects. Through library research, two models are developed: infaq-based and waqf-based models. Despite this study is considered conceptual, its finding proposes two practical models that can be applied as crowdfunding platforms to support the conservation of heritage tourism sites in Malaysia.
Highlights
Heritage is a broad term that includes history, culture and civilization
This paper aims to explore the potential of Islamic crowdfunding as an alternative fund to support heritage sites in Malaysia, in covering the cost of conservation
This study aims to explore the applicability of Islamic crowdfunding as a source of funds for heritage conservation in Malaysia
Summary
Heritage is a broad term that includes history, culture and civilization. It serves as an irreplaceable source of inspiration for a nation. The cost includes hiring experts or consultants and buying related materials (Muhamad, 2009) In this regard, this paper aims to explore the potential of Islamic crowdfunding as an alternative fund to support heritage sites in Malaysia, in covering the cost of conservation. It is argued that heritage conservation efforts have started since the 18th century, along with the development of history, archaeology and museology, whereby the century has witnessed many sites, buildings and artefacts were preserved (Sodangi et al, 2013) This awareness became a global commitment after the convention concerning the protection of the world cultural and natural heritage organized in 1972. There are four models of crowdfunding that are widely practiced as the following: -
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
