Artikel
Islamic social funds to foster yunusian social business and conventional social enterprises
This paper proposes an integrated, comprehensive financial model that can provide startup capital to socially committed business ventures, such as social enterprises and Yunus Social Business (YSB), by using Islamic social funds (ISFs), Zakat (almsgiving), Waqf (endowments), Sadaqat (charity), and Qard Hasan (interest-free benevolent loans). The literature review method was adopted to explain this model's architecture, applications, implications, and viability. On the basis of logical reasoning, it concludes that ISFs can yield greater social wellbeing if utilised in SEs and YSB than in unconditional charity because both business models work for social betterment in entrepreneurial ways while remaining operationally self-reliant and economically sustainable. Additionally, ISFs can complement Yunus Social Business's zero-return investment approach to make it more robust towards social contributions. The implementation of the model orchestrated in this paper would enhance societal business practices and, hence, scale up social wellbeing while helping rejuvenate pandemic-stricken economies. It paves the way for new research too.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Administrative Sciences ; ISSN: 2076-3387 ; Volume: 13 ; Year: 2023 ; Issue: 4 ; Pages: 1-10
- Klassifikation
-
Öffentliche Verwaltung
- Thema
-
COVID-19
Islamic social funds
social enterprise
value-based intermediation
Yunus Social Business
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Islam, Reazul
Omar, Mustaffa
Mahfuzur Rahman
- Ereignis
-
Veröffentlichung
- (wer)
-
MDPI
- (wo)
-
Basel
- (wann)
-
2023
- DOI
-
doi:10.3390/admsci13040102
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Islam, Reazul
- Omar, Mustaffa
- Mahfuzur Rahman
- MDPI
Entstanden
- 2023
Ähnliche Objekte (12)
Islamic social enterprises in Bangladesh: Conceptual and institutional challenges
Selling Social: Procurement, Purchasing, and Social Enterprises
Social enterprises, job creation, and social open innovation
Communities in new media : virtual enterprises, research communities & social media networks
Social innovations in companies and in social economy enterprises
Virtual enterprises, communities & social networks
Virtual enterprises communities & social networks
Islamic Social Banking Platform (Case of Resalat Islamic Bank)
Do cooperative enterprises create social trust?
Social Enterprises and the Poor: Enhancing Social Entrepreneurship and Stakeholder Theory
The impact of social media usage on small and micro social commerce enterprises in Malaysia
Why are products of social enterprises not purchased continuously? A re-purchase model for social enterprises
Islamic social enterprises in Bangladesh: Conceptual and institutional challenges
Selling Social: Procurement, Purchasing, and Social Enterprises
Social enterprises, job creation, and social open innovation
Communities in new media : virtual enterprises, research communities & social media networks
Social innovations in companies and in social economy enterprises
Virtual enterprises, communities & social networks
Virtual enterprises communities & social networks
Islamic Social Banking Platform (Case of Resalat Islamic Bank)
Do cooperative enterprises create social trust?
Social Enterprises and the Poor: Enhancing Social Entrepreneurship and Stakeholder Theory
The impact of social media usage on small and micro social commerce enterprises in Malaysia
Why are products of social enterprises not purchased continuously? A re-purchase model for social enterprises
Islamic social enterprises in Bangladesh: Conceptual and institutional challenges
Selling Social: Procurement, Purchasing, and Social Enterprises
Social enterprises, job creation, and social open innovation
Communities in new media : virtual enterprises, research communities & social media networks
Social innovations in companies and in social economy enterprises
Virtual enterprises, communities & social networks
Virtual enterprises communities & social networks
Islamic Social Banking Platform (Case of Resalat Islamic Bank)
Do cooperative enterprises create social trust?
Social Enterprises and the Poor: Enhancing Social Entrepreneurship and Stakeholder Theory
The impact of social media usage on small and micro social commerce enterprises in Malaysia