Islamic gift economy vis-à-vis waqf (endowment) as vehicles for social entrepreneurship
by Thamina Anwar
International Journal of Pluralism and Economics Education (IJPEE), Vol. 6, No. 4, 2015

Abstract: Social welfare systems in developed countries have responded to the global financial crisis by cutting budgets for welfare services, which has caused an exponential increase in demands on philanthropy and the non-profit sector. Islamic history is rich in philanthropy as charity is advocated as a pivotal part of the religion. Islam provides economic frameworks, instruments and unconventional approaches which can lead to reduced poverty and wealth inequality. This study aims to provide insights how waqf (endowment) can be a vehicle for social entrepreneurship (SE) within the Islamic gift economy (IGE) framework, and proposes a waqf-social entrepreneurship (waqf-SE) model whereby waqf is invested in ventures that provide returns in terms of profit and create social impact.

Online publication date: Sat, 09-Apr-2016

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Pluralism and Economics Education (IJPEE):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email