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Third sector socio economic models: how waqf fits in?

Mohd Arshad, Mohd Nahar and Mohamed Haneef, Mohamed Aslam (2016) Third sector socio economic models: how waqf fits in? Institutions and Economies, 8 (2). pp. 72-90. ISSN 1985-7276

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In this paper, various theoretical frameworks of third sector (voluntary sector) economy are investigated with the aim of proposing a sustainable and inclusive socio- economic development model. An economic model that incorporates the third sector, together with the public and private sectors, is argued to be not only economically viable, but ethically superior, in achieving socio-economic development. Waqf is considered to be one of the most important institutions of third sector that exists in the Islamic heritage. Waqf, like many other third sector organisations (TSOs), needs to be recognised formally in efforts to build contemporary economic development frameworks. To achieve this, the paper calls also for multi-dimensional improvements in the management of TSOs, including waqf.

Item Type: Article (Journal)
Additional Information: 3562/50551
Uncontrolled Keywords: Nonprofit, sustainability, third sector, voluntarism, waqf
Subjects: H Social Sciences > H Social Sciences (General)
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Centre for Islamic Economics
Kulliyyah of Economics and Management Sciences > Department of Business Administration
Depositing User: Dr. Mohd Nahar Mohd Arshad
Date Deposited: 08 Jun 2016 11:37
Last Modified: 10 Apr 2017 11:42
URI: http://irep.iium.edu.my/id/eprint/50551

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