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Social Entrepreneurship as an Instrument to Empowering Small and Medium Enterprises: An Islamic Perspective

Abdullah, Moha Asri and Hoetoro, Arif (2011) Social Entrepreneurship as an Instrument to Empowering Small and Medium Enterprises: An Islamic Perspective. International Journal of Management and Business Research, 1 (1). pp. 35-46. ISSN 2228-7019 (P) 2228-7027 (O)

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Small and Medium Enterprises (SMEs) are reckoned as the main player in domestic economic activities. This paper tries to contribute to the development and understanding of SMEs by encompassing social entrepreneurship as an empowering instrument. Considering the latest thought for intellectual milieu, this paper discloses the buried interlocking principles for social entrepreneurship by Islamic doctrine. The plot of current research is generated by few related frameworks that are in line with the Islamic notion which reviews the roles and obstacles of SMEs development. Given the extensive attentions on Islamic values, this paper reveals that every Muslim entrepreneur and related supporting agent must change their old vision into the new one- that they should work more productively. Besides, in many countries, several programs to empower SMEs have practically exposed its significant need and development. Therefore, a number of policies, initiatives and objectives are drawn to build social entrepreneurship to empower SMEs. However, empowering SMEs can change Muslim entrepreneurs’ vision regarding fair production which is attributed by Islam. Therefore, there is a need to a condition in which the cooperation between Islamic financial institutions and SMEs is naturally embedded in social capital structure.

Item Type: Article (Journal)
Additional Information: 5010/8331
Uncontrolled Keywords: social entrepreneurship, small and medium enterprises (SMEs), Islamic principles
Subjects: H Social Sciences > H Social Sciences (General) > H61 Theory. Method
H Social Sciences > HF Commerce > HF5001 Business. Business Administration
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User: Prof. Dr. Moha Asri Abdullah
Date Deposited: 01 Dec 2011 15:38
Last Modified: 02 Jul 2013 12:52
URI: http://irep.iium.edu.my/id/eprint/8331

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