ISLAMIC FINANCE AND SOCIAL SUSTAINABILITY: PARAMETERS FOR DEVELOPING A MODEL FOR SOCIAL IMPACT MEASUREMENT

2017 ◽  
Vol 3 (2) ◽  
pp. 81
Author(s):  
Saadiah Mohamad ◽  
Nur Amirah Borhan
Keyword(s):  
Comparative Analysis ◽  
Social Inclusion ◽  
Social Impact ◽  
Social Sustainability ◽  
Theoretical Framework ◽  
Islamic Finance ◽  
Impact Measurement ◽  
Measurement Models ◽  
The Social

To be true to the spirit of Islamic finance, embodied in the principles of maqasid al-shariah, developments in Islamic finance should contribute towards promoting social inclusion and reducing poverty. However, Islamic finance is criticised for the minimal social impact that it has created and its contribution towards promoting social sustainability. Thus, this paper aims to develop a comparative analysis of literature on the meaning, conceptualization and measurement models of social impact. Then, the paper uses maqasid al-shariah as a theoretical framework to conceptualise social impact and to propose a set of parameters that can be used to measure the social impact of IFIs. 

scholarly journals Co-Design of Social Impact Domains with the Huntington’s Disease Community

Disabilities ◽  
2021 ◽  
Vol 1 (2) ◽  
pp. 116-131
Author(s):  
Natasha Layton ◽  
Natasha Brusco ◽  
Tammy Gardner ◽  
Libby Callaway
Keyword(s):  
Quality Of Life ◽  
Huntington's Disease ◽  
Huntington’S Disease ◽  
Design Process ◽  
Social Life ◽  
Social Inclusion ◽  
Social Impact ◽  
Service Providers ◽  
The Social

Background: For people living with or affected by Huntington’s Disease (HD) to experience a good quality of life, tailored support is required to meet physical, cognitive-behavioral, psychological, and social support needs. Substantial service and knowledge gaps regarding HD exist across support providers and service systems. Measuring unmet needs and what quality of life looks like is a fundamental step required to determine the social impact of service investment and provision. The objectives of this study were to validate and map a draft set of HD Social Impact Domains (HD-SID) against existing national and international outcome frameworks; and evaluate and finalize the HD-SID set using a co-design approach with people with lived experience of, and expertise in, HD. Methods: This research used a qualitative co-design process, with 39 participants across four stakeholder groups (people who were HD gene-positive, gene-negative family members, academics, peak organizations, and service providers) to: (i) map and verify the social life areas impacted by HD; (ii) undertake a rigorous three-phased, qualitative process to critically evaluate the draft HD-SID; and (iii) seek feedback on and endorsement of the HD-SID through this co-design process, with a final set of HD-SID identified. Results: Endorsed HD-SID comprised risks and safety (including housing stability, and economic sustainability) and social inclusion (including health and symptom management, physical wellbeing, emotional wellbeing, and building resilient relationships). Conclusions: Effective measurement of the impacts and outcomes for people with HD is informed by both extant measures and an understanding of the specific population needs. This qualitative co-design research demonstrates that HD-SID resonate with the HD community.

The Impact of Social Innovation

2019 ◽  
pp. 389-416
Author(s):  
Alex Nicholls ◽  
Nadia von Jacobi ◽  
Enrica Chiappero-Martinetti ◽  
Georg Mildenberger
Keyword(s):  
Social Impact ◽  
Social Innovation ◽  
Impact Measurement ◽  
Human Capabilities ◽  
Data Collection And Analysis ◽  
The Social ◽  
Critical Issues ◽  
Evaluative Space ◽  
Normative Models ◽  
The Impact

This chapter addresses key questions in terms of the evaluation of the impact of social innovation processes. After reviewing the existing approaches to capturing impact, the chapter presents a new Critical Issues Framework for social impact measurement to inform the development of the most appropriate and accurate evaluative space for data collection and analysis. As such it advocates standardization in the process of developing social impact indicators and methodologies, rather than in the metrics and units of analysis themselves. This framework is related to the three elements of the Social Grid in so far as they shape normative models of social impact measurement that entrench marginalization and limit stakeholder voice. Moreover, particular attention is paid to issues around capturing changes in human capabilities and how this relates to beneficiary empowerment and voice. The chapter, thus, offers a framework for optimizing impact measurement processes and systems.

scholarly journals Quantitative Indicators of Social Sustainability and Determination of Their Interdependencies. Example Analysis for a Wastewater Treatment Plant

2017 ◽  
Vol 62 (2) ◽  
pp. 224 ◽  
Author(s):  
Tamara Popovic ◽  
Andrzej Kraslawski
Keyword(s):  
Wastewater Treatment ◽  
Social Impact ◽  
Treatment Plant ◽  
Social Sustainability ◽  
Bipartite Network ◽  
Weighting Method ◽  
Treatment Processes ◽  
The Social ◽  
Novel Method ◽  
Quantitative Indicators

Social impact as growing concern is becoming an important aspect of the design and operation of wastewater treatment processes. A need has arisen for the development of quantitative indicators of social sustainability. Design and operation of wastewater treatment processes additionally require simple and effective methods to represent and understand the interconnections between the indicators of social sustainability. This paper presents an approach for the development of quantitative social sustainability indicators, and introduces a novel method for defining and visualizing indicator interdependence. It outlines equations for quantitative evaluation of health, safety and security, and comfort. Weighting method of the bipartite network of the relations between the indicators and stakeholders enables clear visualization of the interdependencies of the indicators and facilitates simplification of the set of social sustainability criteria. It creates a basis for reduction of amount of data needed for performing the analysis and reducing the social sustainability assessment’s costs.

Festival connections

2016 ◽  
Vol 7 (3) ◽  
pp. 172-187 ◽  
Author(s):  
Niki Black
Keyword(s):  
Social Impact ◽  
Social Sustainability ◽  
Rural Landscape ◽  
Small Scale ◽  
Content Type ◽  
Study Approach ◽  
Grounded Theory Method ◽  
The Social ◽  
Culture Heritage ◽  
The Uk

Purpose The purpose of this paper is to examine the contribution of small-scale, rural festivals to the social sustainability of their host communities. Small-scale, community originated festivals proliferate the rural landscape throughout the UK and yet despite this, festival research has focussed predominantly on large, urban events and on their economic impact (Wood, 2009; Gibson and Connell, 2011). This paper seeks to address the perceived research gap by examining these events through a lens of social sustainability. Design/methodology/approach The research uses a case study approach focussed on four festivals in Northumberland, UK. Individual interviews and focus groups were conducted with festival organisers, key figures and visitors. Following a constructivist grounded theory method four principle indicators were identified to determine festival contribution to community social sustainability. These indicators are: contribution to community pride and localness, enhancement of knowledge and understanding, contribution to the continuity of local culture and enablement of networks of connectivity. Findings The findings demonstrate the networks of connections which festivals enable between the culture, heritage and people (individuals and groups) of a place. By focussing on four indicators the paper shows the social impact of connections through the festival processes and content. The paper argues that small-scale festivals in rural locations can contribute to social sustainability if they demonstrate a balance of both consistency and innovation and accessibility and openness within the locale. Originality/value This paper addresses the gap in social impact research into rural festivals and presents an original approach to identify festival impact on community social sustainability.

scholarly journals Capturing the Invisible Wealth in Nonprofits to Overcome Myopic Perceptions

2019 ◽  
Vol 12 (1) ◽  
pp. 48
Author(s):  
Iluminada Fuertes-Fuertes ◽  
J. David Cabedo ◽  
Inmaculada Jimeno-García
Keyword(s):  
Addiction Treatment ◽  
Social Impact ◽  
Third Party ◽  
Management Tool ◽  
Impact Measurement ◽  
Resource Managers ◽  
The Social ◽  
Treatment Centre ◽  
Social Wealth ◽  
The Invisible

Since nonprofits use third-party funds for their activities, they are often perceived as resource managers or spending units, instead of being considered as social wealth generating entities. The aim of this study is to help to overcome this myopic perception by showing how the invisible wealth generated by these organizations can be made visible. We use the SROI methodology to do so, by identifying stakeholders, outcomes (tangible, intangible) and social impacts in a drug addiction treatment centre. The results show that social impact in monetary terms exceeds that of the inputs used, confirming the idea that addiction-based nonprofits are social wealth generating units. The conclusion drawn is that social impact measurement should be widely used as a management tool and a mechanism for reinforcing the social image of nonprofits.

Perspectives on social impact measurement and non-profit organisations

2016 ◽  
Vol 34 (1) ◽  
pp. 80-98 ◽  
Author(s):  
Michael Jay Polonsky ◽  
Stacy Landreth Grau ◽  
Sharyn McDonald
Keyword(s):  
Social Impact ◽  
Objective Assessment ◽  
International Perspective ◽  
Impact Measurement ◽  
Content Type ◽  
Non Profit ◽  
True Value ◽  
The Social ◽  
The Usa ◽  
Depth Interviews

Purpose – Acknowledgement of the social impact created by organisations has become an increasingly frequent discussion among practitioners. The importance of such value creation cannot be understated, yet in an increasingly competitive funding environment, the need to articulate “true” value is paramount. The purpose of this paper is to examine how Australian and US managers of non-profit organisations (NPOs) and foundations view the measurement of the social impact of NPOs. Design/methodology/approach – The paper includes 19 in-depth interviews of non-profit professionals in the USA and Australia. Respondents included non-profit managers, foundation managers and consultants in both countries. Findings – The in-depth interviews found that in both countries respondents generally agreed that objective measures of impact are desirable, but recognised the difficulties in developing objective assessment frameworks enabling comparisons across the non-profit sector. These difficulties, as well as the implications for developing assessments of social value for NPOs, are discussed. This paper demonstrates that there is an opportunity to reposition reporting expectations. The NPO sector can pool together and build on each other’s strengths and market their outcomes as a collective entity. A sector-wide approach provides potential for much needed within-sector mentoring and will showcase the rich and varied outcomes generated by NPOs. Originality/value – This research compares viewpoints in two Western countries, thus offering at least an exploratory examination of social impact assessment from an international perspective. Additionally, this research shows commonalities in terms of what is valued and what is most difficult for non-profits when determining social impact.

Measuring business impact: the lessons from the business schools

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Michel Kalika ◽  
Gordon Shenton
Keyword(s):  
Social Impact ◽  
Business Schools ◽  
Assessment System ◽  
Impact Measurement ◽  
Self Assessment ◽  
Content Type ◽  
Measurement Framework ◽  
The Social ◽  
First Time ◽  
Practical Implications

Purpose The purpose of this paper is to present an example of a fully operational impact assessment system called Business School Impact System (BSIS). It is designed specifically for business schools with a particular emphasis on their local and regional impact. Since its creation, the process has been adapted to schools of engineering and indeed to entire universities. The question of its relevance to all organisations is on the table. Design/methodology/approach Talking about measurement raises methodological issues that are common to all organisations. The methodology used in this chapter, particularly in its second part, is mainly inductive, based on direct experience in interviewing 44 business schools in 15 countries. The system was designed on the basis of a survey among around 20 actors of the education industries (deans, journalists). First of all, the system involves an extensive self-assessment phase based on the BSIS impact measurement framework consisting of 7 major impact dimensions and about 100 indicators. This is followed up by a two-day visit by two experienced experts (former deans) who engage in challenging discussions with internal practitioners and external stakeholders. Findings The question of the relevance of the dimensions used by business schools for companies is systematically asked, and it is argued that the seven dimensions of impact can be applied to all organisations whatever their mission. Research limitations/implications The methodology has not yet been tested on private organisations. Practical implications The process can be easily adapted to companies and could permit them to assess in a shared framework their impact. So, the practical implications are potentially large. Social implications One of the seven dimensions of impact is the social impact of the organisation and indeed the implications are significant in the social field. Originality/value To the best of the authors’ knowledge, the transfer of a process of impact measurement from the educational sector to companies is studied for the first time.

From Social Sustainability to Social Entrepreneurship

2021 ◽  
pp. 1-31
Author(s):  
Kerem Toker
Keyword(s):  
Sustainable Development ◽  
Literature Review ◽  
Social Entrepreneurship ◽  
Social Impact ◽  
Social Sustainability ◽  
Effective Implementation ◽  
Crucial Component ◽  
The Social ◽  
Successful Outcomes ◽  
New Perspective

Despite the discussion of social sustainability, which has been a crucial component of sustainable development for decades, unfortunately, the desired successful outcomes have not been realized in practice. This failure caused the need to examine the concept of social sustainability differently than ever before. Social entrepreneurship is a valuable tool to meet this need. Concordantly, this chapter purposes to evaluate the relations between social sustainability and social entrepreneurship by comprehensively analyzing them. Discussing this relationship and proposing a new perspective will support overcome theoretical dilemmas and practical struggles. Therefore, the concept of sustainability was explained in detail through a wide literature review, and then the concept of social entrepreneurship was examined, and links, similarities, and gaps were revealed between the two concepts. As a result, the effective implementation of social sustainability policies depends on the social impact and value created by social entrepreneurship.

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