Good governance of social entrepreneurship under Maqasidi approach

Ismail, Yusof and Mhd. Sarif, Suhaimi and Azan, Zaliza (2017) Good governance of social entrepreneurship under Maqasidi approach. In: 6th International Conference on Islamic Jurisprudence (ICIJ2017), 21st-23rd February 2017, Kuala Lumpur, Malaysia. (Unpublished)

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Abstract

The paper explores conceptually the good governance of social entrepreneurship under Maqasidic approach. Good governance, Wasatiyyah, and Maqasid al-Shariah constructs were embedded into the Social Entrepreneurship-Maqasidic Good Governance Framework. This framework allows social entrepreneurship with profit and non-profit agenda to be governed with moderate Maqasidic approach. The regulatory framework under traditional maqasid is perceived to be of rigid and reduces flexibility and the hybrid model of corporate entities in social entrepreneurship. Wasatiyyah provides the guidelines to be moderate, just and balanced in formulating, executing and evaluating strategies, plans, and activities. The six phases of Malaysian economic contexts have incorporated the essence of wasatiyyah through the consistent objectives to eradicate poverty, maintain national unity and increase wealth of the nation. Theoretically, good governance with Maqasid al-Shariah and wasatiyyah approaches allows flexible and focused for all enterprises to perform better. Social entrepreneurship with the hybrid corporate objectives require corporate governance with Maqasid al-Shariah regulatory framework and wasatiyyah approach.

Item Type:	Conference or Workshop Item (Plenary Papers)
Additional Information:	3328/55949
Uncontrolled Keywords:	Maqasid al-Shariah, Wasatiyyah, Corporate Governance, Sustainable Competitive Advantage
Subjects:	B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1 Islam H Social Sciences > HF Commerce > HF5001 Business. Business Administration > HF5387 Business ethics
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences > Department of Business Administration
Depositing User:	Dr Suhaimi Mhd Sarif
Date Deposited:	14 Apr 2017 09:19
Last Modified:	14 Apr 2017 09:19
URI:	http://irep.iium.edu.my/id/eprint/55949

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