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

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 mili...

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Main Authors: Abdullah, Moha Asri, Hoetoro, Arif
Format: Article
Language:English
Published: Danishgah-i Azad-i Islami 2011
Subjects:
Online Access:http://irep.iium.edu.my/8331/1/ARTICLE_PUBLISHED_IN_IJMBR_12TH_MARCH_2011.pdf
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author Abdullah, Moha Asri
Hoetoro, Arif
author_facet Abdullah, Moha Asri
Hoetoro, Arif
author_sort Abdullah, Moha Asri
collection IIUM
description 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.
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spelling oai:generic.eprints.org:83312013-07-02T04:52:19Z http://irep.iium.edu.my/8331/ Social Entrepreneurship as an Instrument to Empowering Small and Medium Enterprises: An Islamic Perspective Abdullah, Moha Asri Hoetoro, Arif H61 Theory. Method HF5001 Business. Business Administration 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. Danishgah-i Azad-i Islami 2011 Article PeerReviewed application/pdf en http://irep.iium.edu.my/8331/1/ARTICLE_PUBLISHED_IN_IJMBR_12TH_MARCH_2011.pdf 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) http://www.ijmbr.org/
spellingShingle H61 Theory. Method
HF5001 Business. Business Administration
Abdullah, Moha Asri
Hoetoro, Arif
Social Entrepreneurship as an Instrument to Empowering Small and Medium Enterprises: An Islamic Perspective
title Social Entrepreneurship as an Instrument to Empowering Small and Medium Enterprises: An Islamic Perspective
title_full Social Entrepreneurship as an Instrument to Empowering Small and Medium Enterprises: An Islamic Perspective
title_fullStr Social Entrepreneurship as an Instrument to Empowering Small and Medium Enterprises: An Islamic Perspective
title_full_unstemmed Social Entrepreneurship as an Instrument to Empowering Small and Medium Enterprises: An Islamic Perspective
title_short Social Entrepreneurship as an Instrument to Empowering Small and Medium Enterprises: An Islamic Perspective
title_sort social entrepreneurship as an instrument to empowering small and medium enterprises an islamic perspective
topic H61 Theory. Method
HF5001 Business. Business Administration
url http://irep.iium.edu.my/8331/1/ARTICLE_PUBLISHED_IN_IJMBR_12TH_MARCH_2011.pdf
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