An integrated approach for building sustainable Islamic social finance ecosystems
Author
Source
ISRA International Journal of Islamic Finance
Issue
Vol. 11, Issue 2 (31 Dec. 2019), pp.246-266, 21 p.
Publisher
International Shari'ah Research Academy for Islamic Finance
Publication Date
2019-12-31
Country of Publication
Malaysia
No. of Pages
21
Main Subjects
Abstract EN
Purpose – Bringing more impact seems to be a real issue for social initiatives and organizations requiring the adoption of new approaches.
The paper aims to define an integrated approach for building, maintaining and upgrading Islamic social finance and sustainable ecosystems.
Design/methodology/approach – The paper presents a conceptual framework based on case studies and literature review describing the methodology and the necessary steps to build sustainable ecosystems.
Findings – The paper shows the impact of building social finance ecosystems on tackling social issues.
It emphasizes the idea that solving social issues is everybody’s business – from governments to businesses – and that those initiatives require sufficient Sharīʿah-compliant funding to achieve sustainability goals.
Research limitations/implications – The paper does not focus on the Islamic world experiences in building ecosystems serving social causes.
Practical implications – The paper gives an overview on how collaboration between the different social oriented organisations can enhance the social impact of the different initiatives.
The aim is to ensure adequate financing to all the ecosystem components during the whole lifecycle.
Social implications – The suggested approach of building sustainable ecosystems can serve as a way to assess the existing social initiatives and practices to find relevant combinations targeting more impact.
Originality/value – In the social sphere, the idea of building ecosystems has been explored in different ways but never in a way that gathers all the components including finance providers, coordinators and the different types of initiatives.
The paper adapts the ecosystem concept to the Islamic finance specificities.
American Psychological Association (APA)
Jouti, Ahmad Tahiri. 2019. An integrated approach for building sustainable Islamic social finance ecosystems. ISRA International Journal of Islamic Finance،Vol. 11, no. 2, pp.246-266.
https://search.emarefa.net/detail/BIM-965287
Modern Language Association (MLA)
Jouti, Ahmad Tahiri. An integrated approach for building sustainable Islamic social finance ecosystems. ISRA International Journal of Islamic Finance Vol. 11, no. 2 (2019), pp.246-266.
https://search.emarefa.net/detail/BIM-965287
American Medical Association (AMA)
Jouti, Ahmad Tahiri. An integrated approach for building sustainable Islamic social finance ecosystems. ISRA International Journal of Islamic Finance. 2019. Vol. 11, no. 2, pp.246-266.
https://search.emarefa.net/detail/BIM-965287
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 265-266
Record ID
BIM-965287